Nasty shocks lurking for home buyers - Mary Holm
Q. A visit to a country town takeaway provided me with a copy of your column in the Herald dated August 16, 2003, where one of your readers referred to the insurance issue affecting intending home buyers.
Friday, February 20th 2004, 3:32AM
by The Landlord
Recently a family was told by the real estate agent that the house "had been re-wired". So it had - about 40 years ago. Besides which, someone had been doing a bit of "home wiring" since then that could have been a fire hazard.
I suggest that, in addition to the clauses "subject to finance" and "subject to insurance", prospective buyers include in their contract a clause "subject to building inspection, and electrical inspection by an independent registered electrical inspector".
This will avoid nasty surprises at a later date. Better to spend $100 or even $200 at this stage than $300 or even thousands later.
Read More - Opens in a new window
| « Residents fight Te Atatu marae in court | Has the bubble burst? » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
