Utilising Property Auctions as your method of sale can be a great way to sell your home fast and maximise the price achieved. If you are considering an auction, then your agent has probably told you that your home is unique and when marketed correctly, will attract lots of attention. This will result in an excellent price being achieved. This is great if you can attract the large number of potential bidders required, who through the natural home auction process, will drive the price past the reserve and into the “on the market” territory.
For many people, buying a house at auction is a huge gamble. Often there is little, or no property information on the condition of the building’s structure and timber pest history. Potential bidders could be concerned that there may be underlying issues with the property and would find themselves in a difficult position, if the property has costly faults. A buyer who is successful under the hammer is making a non-negotiable commitment to purchase the property, i.e. there is no cooling off period – they have purchased the property “as is”. Would you go into an auction situation without knowing the structural integrity of a home?
Sellers who are looking to take their home to auction and want to maximise the number of prospective buyers should remove any obstacles that may hold bidders back. A great way to do this is to carry out the Structural and Timber Pest Inspections prior to the Auction. Home Integrity will provide a report that can then be made available to the potential Buyers. This will give them peace of mind that there are no underlying issues with the property. In fact, when done right, the benefit of the Structural Building and Termite reports can be passed onto the buyer, giving them total peace of mind and confidence.
The best agents in Perth are creating a frenzy of confident bidders at home auctions by making these Structural Building and Timber Pest Inspection Reports available. So if you would like the best outcome for your home auction, insist on a Structural Building and Timber Pest Inspection Report from Home Integrity. Click here to order your’s now or phone Anne on 0420 803 292 for more information.
Major Structural Defect Strikes Fear into the Hearts of Buyers
Any Major Structural Defect can strike fear into the hearts of buyers, sellers, and agents. But none can cause more concern than a large crack in the wall or a sinking floor. If not addressed with a Structural Engineer Report, cracking and subsidence issues have the potential to stop Sales Contracts in their tracks. Many Perth building inspectors can be more alarmist when it comes to reporting on simple/common defects. This can sometimes be because of their qualifications and/or their limited exposure and experience of building defects and how to correctly diagnose the problem. This is more common than you may think. The discovery of structural cracking and subsidence issues shouldn’t stop you from submitting an offer and buying your dream home. In many cases, a cost-effective solution can be found by undertaking a Structural Engineer Report.
Yes, there is a solution!
Getting the right advice in a timely manner is key to resolving any issues.
If you have cracking, subsidence or any other more complex Structural Defects, the following options are available:
Building Structural Inspections with practical advice.
Engineering Structural Inspections with detailed and cost-effective rectification solutions.
However, usually for the more complex issues, the solution would require the involvement of a Structural Engineer with extensive hands-on and practical building knowledge.
Home Integrity has Glen Webster, a Civil/Structural Engineer on staff who is also a Registered Builder. He can inspect and clearly explain issues, design an appropriate remediation strategy and provide details for relevant specialist trades to undertake remediation scope.
In this building to the above our structural engineer was able to design remedial works to fix the defect with minimal cost and impact, providing a Structural Engineer Report.
At Home Integrity, our purpose is to ease your concerns and solve your problems as quickly and cost-effectively as possible. If you require any of the above services or further information please clickhereor phone the team on 0420 803 292.
Is the home you are buying less than 6 years old? Are you buying an established home that has been built, renovated or extended by an owner builder? Knowing more about Home Indemnity Insurance could save you thousands.
What is Home Indemnity Insurance?
For residential building contracts over $20,000 in WA, the Home Building Contracts Act 1991 requires the builder to take out insurance in the name of the homeowner before accepting payment or commencing work.
Home Indemnity Insurance will protect owners against financial loss if a builder cannot complete residential building work, or meet a valid claim for faulty and/or unsatisfactory building work because of insolvency, death or disappearance.
What Does Home Indemnity Insurance Cover?
Generally, the insurance will cover the owner for the period during construction and for 6 years after practical completion. Practical Completion is reached when the residential building works are complete and ready for occupation.
Multi-storey multi-unit developments, (over 3 levels) as defined by the regulations, and retirement villages that are intended to be leased do not require Home Indemnity Insurance.
The insurance cover protects subsequent owners if the property is sold during construction or during the period of indemnity cover. i.e. the benefit of the policy will pass onto subsequent owners.
The policy must require the insurer to pay $100,000 or the value of the contract (if it is less than that amount).
Home Indemnity Insurance and Owner Builders
Owner builders are not required to take out Home Owner Warranty Insurance before they build. But if they sell with 7 years from issue of the building permit they must obtain it.
A registered builder who wishes to build their own home is not required to obtain Home Indemnity Insurance. However it will be required if they sell the home within 7 years from issue of the building permit.
For owner builders or builders seeking to obtain Home Indemnity Insurance, a valid Building Defects Report must be carried out by a building inspector. The insurer will also require the Building Inspector to carry valid Professional Indemnity insurance.
Here are Home Integrity’s 6 Tips on Getting Your Home Ready for Winter
As the nights begin to get cooler and the sun starts to set earlier, we know that summer is drawing to a close. The doonas will soon be out and we will see the change of seasons. The beautiful colours of autumn will start to take over.
However, before winter sets in, there are some things that need to be done to keep your house looking smart.
Organise summer gear. Collect all the summer toys around the yard and give them a wash and clean and pack them away ready for next year. Repair any toys that need fixing and throw away anything that is broken.
Check your windows and doors for leaks. You want your house to stay dry in winter so check for any leaks around window and door frames. Reseal any gaps and make sure you keep the wind and cold out.
Clean the gutters. Make sure your gutters are clear of leaves and debris and will be able to withstand the action of winter. You might need some help but it is really important to make sure your gutters are clear so they don’t block up and force water back into your house.
Replace broken tiles. Check the roof for any broken tiles or worn out seals particularly around vent pipes or chimneys. Replace any tiles and fix any seals to prevent leaks. You may need to enlist some help from the professionals on this but it is important to follow up.
Clean your vents and check your air-conditioning system. They need to be clean before you shut them off for winter. This will make sure they are functioning properly when you turn them on next summer.
Check your fire alarms. We start to use heaters and fireplaces in winter so make sure your smoke alarms are working. Replace the battery for peace of mind.
Did you know the average termite repair bill is $10,000?
In Perth, Western Australia, your home coming under termite attack is more likely than suffering a fire, flood or natural disaster. But surprisingly, home Insurance does not cover termites. With CSIRO reporting that 1 in 5 homes across Australia will suffer a termite attack at some point and with the average damage repair bill approaching $10,000, it’s important that homeowners take steps to protect their most valuable investment.
Pest inspection Perth: So what should you do to protect your home from termite damage?
Because home Insurance does not cover termites, homeowners should have a termite management plan for their property. There are 3 key elements to a termite management plan:
Eliminate conditions around the home that make it more attractive to termites
Have regular termite inspections
Install a termite management system
Making your home less attractive to termites
Eliminate sources of moisture
Termites have soft bodies and are prone to drying out – they need moisture!
If you can keep the area around and under your home dry, the chances of a termite attack are dramatically reduced. Improving drainage and fixing leaks should be carried out as soon as possible.
Eliminate food sources – wood and cardboard
Not surprisingly, termites love wood!
There’s nothing you can do about the wood in your home, but you can certainly remove wood items from the perimeter of your home and from the sub-floor (if you have one). Removing wood mulch from garden beds around the home and storing any firewood away from the home and off the ground are the main action steps. Avoid storing goods, especially in cardboard boxes (which termites also love!) in the sub-floor.
If you have just bought a property, your pre-purchase pest inspection will list the termite conducive conditions and any potential construction issues that need to be remedied. The same information is reported in annual termite inspections.
Remove fire wood from around your home
Keep sub floor areas clear and dry
Wall stud eaten out
Regular termite inspections are your best insurance against termite damage!
Governments, building authorities and Australian Standards recommend that property owners have a professional termite inspection at least annually, and more frequently in areas of high termite pressure.
As termites live underground and are very secretive, their activity is hard to spot. Without regular termite inspections, termites may get into your home and cause significant damage before being detected. An experienced termite inspector using the latest detection equipment can pick up the subtle signs of termite activity.
What is a pest inspection? A comprehensive termite inspection will not only pick up signs of termite activity and termite damage in the building and surrounding property, but will inspect for conditions conducive to termite attack (such as elevated moisture) and construction issues that may allow termites to get in without being noticed.
If signs of termite activity are picked up during the inspection a suitable treatment program can be implemented.
Install a termite management system
Although termite inspections are a must, they don’t actually stop termite attacks. The smart choice is for homeowners is to install a termite management system around (and under) the property keeping in mind that damage from termites is not covered under your home insurance.
There are two types of termite management system; soil treatments and termite monitoring/baiting systems. Soil treatments involve the application of insecticide to the soil around the perimeter of the home (and in the sub-floor, if present). Termite monitoring and baiting systems involve the placement of bait stations in the soil around the property. The stations contain an attractive termite bait which intercepts the termites before they get to your house. They feed on the bait which contains a slow acting insecticide, taking it back to the nest and eliminating the colony.
Termite management systems such as these give homeowners great security, as insurance does not cover termites, but having one installed does not remove the need for annual termite inspections. These systems are designed to work in conjunction with construction elements of the building to prevent termites getting into the house without being noticed. Although unlikely, it would still be possible for termites to find their way into the building by building their mud tubes over or around the termite management system – which is why regular termite inspections are still required.
If you need a comprehensive, professional pest inspection in Perth please give us a call at Home Integrity or contact us here.