Here’s why you should opt for an inspection report before taking possession of your home

In the case of a new property, buyers can get any issues rectified by the developer at no additional cost.

The house is probably the most precious possession in life. Whether it’s a move-in home you buy direct from a builder or a home on the resale market from another owner, it helps to ensure the quality of the product. construction. After all, real estate being a building and a physical asset, making frequent changes afterwards may not be feasible or may be very expensive. This is where the importance of home inspection comes in, which basically means performing the property inspection to look for any structural and mechanical issues with the building.

“Homebuyers can’t take the risk of buying a property with faults like seepage, missing grounding, plumbing issues, etc. An ordinary man cannot check every component of a property. This is why a home inspection by experts is required, who have the knowledge and tools to verify and provide a complete list of existing faults that must be corrected for a hassle-free and safe living experience in the property, ” said Nilesh Shingote, co-founder, PropChekcup.

Finalizing your dream home often takes the location, price, size of the room, etc. into consideration, but the quality of the build is not considered to be the importance it deserves. From electrical points to plumbing jobs to seepage issues, a home inspection report has them all. “Home inspection reports cover over 200 checkpoints, including electrical checks, thermal scanning (to find invisible leak or moisture issues), plumbing checks, carpentry checks, assembly checks on doors and windows, walls, floors and ceilings, etc. Nilesh informs.

But, what if you are about to take possession or have recently obtained the keys to your house from the builder? Don’t worry because RERA clause 14.3 comes to your rescue. “In the case of a new property, homebuyers can have any developer’s issues rectified at no additional cost under RERA 14.3,” says Nilesh. Under RERA clause 14.3, up to 5 years from the date of possession, the promoter or developer will be responsible for repairing any defect reported by the buyer within 30 days, otherwise they may receive compensation under of the RERA rules.

There are a few steps to buying a home when a listing fee or a nominal amount needs to be paid to the seller. Going for a home inspection process can be a concern, especially when buying on the aftermarket. “For new properties you should do the home inspection during the possession process and for resale property you should do the home inspection just before finalizing the property or giving the nominal money” , adds Nilesh.

Buying a new home involves a considerable amount of your funds which can reach lakhs and even crores. A few thousand dollars spent on home inspection can save lakhs on repair and rectification. Continuing to spend more on ongoing maintenance can be avoided by having a home inspection early on.

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