Hobart, the small city in the north of Tasmania, as a population of around 30,000 people. According to Domain.com, roughly 1/3rd of that population are renters, 1/3rd have finished paying off their house, and 1/3rd are still paying off their house with a mortgage.
The median house price in the city for a four bedroom place is about $320,000. Some of these houses can spend nearly 9 months on the market, which is plenty of time to get your ducks in a row. A property inspection is definitely a worthwhile endeavor to undertake, so you can not only have peace of mind, but also make sure that you're not going to be slugged with any hidden repair costs post-purchase.
With 20% down on the cost of the average house in Hobart, your mortgage repayments on a 25 year loan will come out at $690 a fortnight. By spending less than that amount of a pre-purchase inspection you can have a registered builder walk through your future dream home to make sure that it's all up to code, and spot any possible cracks or potential money pits.
According to the Australian Bureau of Statistics, Hobart has seen one of the highest growths out of the whole state in terms of mortgage costs. This means it's doubly true to go through a checklist and be sure your finances are in order and be sure you're not going to get hit with hidden costs.
If you're looking to buy your first property in or around Hobart or are even looking to invest, make sure that you hire a licensed builder or property inspector to get a pre purchase inspection done.
Asbestos, pests, termites and structural defects can, and will often negatively impact your finances down the track.
When choosing a Building and Pest Inspector be sure to ask them the following questions:
If you are not satisfied with the Building Inspectors answers to each of these questions then contact another Pre Purchase inspector in Hobart.
Our licensed property inspectors are always eager to answer all of the above, so feel free to book in an inspection
Phone: 1300 657 546
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