There’s one crucial step you need to take before property renovation. Naomi Findlay reveals what that is in this post.
Hey guys, Naomi here. Australia’s Rapid Renovation Expert. Today, I want to talk to you about the importance of a good and solid property inspection when you’re looking to buy a property to renovate.
So many people I know go and look at how many bedrooms a place has, what condition the kitchen’s in, and these are really important things. But today, I want to share with you 3 of the most overlooked things ever, and 3 of the most important things to look at when you’re doing a property inspection.
As I just mentioned, lots of people are looking at the number of bedrooms, number of bathrooms, the condition of the property, as well as how big the spaces are. These are really important things. In fact, I use a multiple, hundred-point checklist when I’m doing a property inspection to make sure that I don’t miss any important steps. What I also do, are these 3 very left-out things that I want to share with you today. That’s actually what’s happening around the edges of the property—what is happening outside the boundaries of the property—which so many people miss or overlook. They’re outside, they’re so excited, and they can’t wait to get in and start to go through their checklist. But, they forget to do 3 important things.
Important thing number 1 is to have a look at the overall appearance of the house. Do you even like the appearance of the house? Does it have any form of appeal? Will it appeal to others that are looking to either rent it or buy it once you’re finished?
Number 2, is what is outside the boundaries in regards to the neighbours. Neighbours are the one thing you can absolutely not change when you are doing your renovation on a property. You have no control over the appearance of their properties, or animals they have, how they keep their yards, or how many cars are in their yards…or how noisy, or how inappropriate the neighbours may be. If when you’re about to inspect a property, you look at the surrounding properties, and it makes you cringe, or “Whoa, I wish I could get rid of that old car out of the yard” or “Man, their dogs are frightening!” That’s something that a prospective buyer, renter, or valuer would think as well.
Number 3, the other very important thing that is so often overlooked when doing a property inspection is: what’s the access to the property like? It is so important when you’re renovating or when you’re doing a property inspection that you consider the access to the property. How far away will trades need to park? Where will you be able to put your skip bin? How high or what flight is the unit block on? Access will greatly affect your renovation budget, and hence, affect your profit in the end.
There you go guys. Tip number 1, what is the overall appeal of the house? What is the overall appearance? Does it actually have a great street appeal, or is it something that you can work with. Number 2, what are the surrounding properties like? Are there going to be challenges there for you? And number 3, what is the access to the property like? So these are the 3 things above all things I noticed, are the most missed when doing a property inspection. Add them to your list today, and never forget them again.