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Introduction |
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Minimum Scope |
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Inspection Fee |
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When To Engage A Home Inspector
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Who Are The Qualified Home Inspectors?
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| Property Details |
| Full Property Address
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| Post Code
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| Type
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| Location
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| Land Area
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X SQF |
| Built-Up Size
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SQF |
| Remarks |
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Introduction
To make an informed property purchase decision, you ought to have the know-how
of financial, legal and technical. The financial and legal have been covered
quite sufficiently by us in this website and widely from the available
resources of the Internet. However, when it comes to the technical know-how, it
is not as common, a practice in engaging a qualified home or building inspector
to produce a professional report. This is indeed an overlooked most of the
time, and it concerns an essential part of a purchase process. In fact, home
inspections is part of a standard practice in the purchasing process like in
some countries. Before the purchase offer, a qualified home inspector
professional shall be hired to inspect the condition the house that includes
the building structure, electrical components, roofing, plumbing and other
relevant features that ascertains the quality of the house. |
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Minimum Scope
The minimum evaluation shall at least conform (but not limited) to the scope of
foundations, roof (& its materials), ceiling, walls, floors (& its
components), plumbing & electrical systems, doors, common areas (for
condominiums) and the use of hazardous materials. |
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Inspection Fee
A general condition survey costs about RM$500 for a residential type of
property and it takes about an hour or so for the process. The cost will vary
according to factors such as the type of report, its comprehensiveness and the
size of the property. Would-be purchasers are advised to get a quotation before
committing to the engagement but some may even get away with it, by
transferring the cost to the seller based on mutual agreement. |
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When To Engage A Home Inspector
Get an inspection of the property before the purchase or at least, during the
vacant possession. Probably it also make some sense for the seller / owner to
obtain such a report on their own, and it might just make it easier to sell. If
you are serious about the purchase, it would be ideal to get an inspection
immediately prior to the 'offer to purchase'. The result from the inspection
report, should be a contingent term in your 'offer to purchase' and
consequently the
Sale & Purchase Agreement.
It serves the purpose of protecting the buyer, just as a conditional term for a
formal valuation report in the 'letter of offer' to safe-guard the financial
institution in giving out a
Home Loan to
you. |
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Who Are The Qualified Home Inspectors?
The Institution of Surveyors, Malaysia has a Building Surveying Division of
professional building surveyors who are qualified to provide a home or building
inspection services. There are also licensed architects who doubled up as home
or building inspectors as well as companies who offered this service. |
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SMS Loan @ 6 012 690 2233
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