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Pre purchase checks - electrical assessment

Discussion in 'Repairs & Maintenance' started by DiligentPM, 3rd Nov, 2015.

  1. DiligentPM

    DiligentPM Well-Known Member Business Member

    18th Jun, 2015
    We have been supporting investors with new purchases through the settlement process and have had a learning worth sharing....often as investors we either purchase (1) sight unseen or (2) view properties ourselves whilst always appointing the usual building and pest inspections.

    One cannot assume that the builder will undertake the comprehensive assessment required to make a truly informed decision re: purchase price etc. The builders do not undertake electrical assessments due to liability concerns if the advice is not sound. If part of your acquisition plan is to upgrade the home eg add an air conditioning system to an older home it is imperative to have an electrician undertake an assessment to ascertain if the distribution board can support the additional load of an air conditioner. Likewise, some IPs have illegal, outdated distribution boards and power systems that require thousands to rectify via re-wiring etc. Accordingly, to have this information is imperative as one may need to renegotiate the purchase price to offset costs.

    Get an electrician to also check out an older home if you are buying interstate and unable to view a property yourself.
    Terry_w likes this.