6 Important Reasons to Get a Home Inspection Before Buying Your Villa in Bali
Once you’ve made the big decision to buy a villa in Bali, be it for personal or commercial purposes, it is advisable to get a home inspection done before closing the deal. Ask any experienced Bali real estate agent. A proper villa inspection will always lay the foundation to giving you the peace of mind you need to make an offer on the property into which you want to invest your hard earned money. Yet, one wonders why not every single villa buyer (or seller for that matter!) opts to have a home inspection done.
We all tend to get a little emotional when seeing that ‘perfect villa’, especially when it is located on a paradise island like Bali. However, falling in love has never been the key to thinking clearly and sensibly. The popular expression tells us ‘you can’t judge a book by its cover’ and this is ever so true for buying real estate in Bali.
Forget thinking you can have a ‘thorough look’ yourself and detect any major problems. I know that many villa buyers are quite the handymen themselves, but going into details as a home inspector does, is a completely different matter. Why can’t one regard such a home inspection as some sort of insurance, to protect against what might or might not be?! You’re getting insurance on your iPhone when you buy a new one, “just in case” something goes wrong, but spending such money on getting a home inspection report done prior to buying that gorgeous Bali Villa is not worth it? Maybe you haven’t been properly informed why these home inspection reports are so important to you?! The truth is, you can save yourself a whole lot of money by getting a professional villa inspection done and it will save you a lot of hassle and headaches, too!
Keep reading to find out why you, as a villa buyer, should get a villa inspection before buying you close the deal. This article will cover 6 of the most important reasons why it’s in your best interest to do so:
#1 – Locate structural problems
A home inspection can detect whether there are any structural issues. While we can all get on our knees and start having a thorough look at some of the inside/outside walls, it really does take a professional to detect any potential structural issues. Certain large cracks in the walls, door frames or ceiling which were quickly explained away by the villa seller at the time of mandate signing, might actually turn out to be serious structural problems. This red flag can cost you A LOT of money in the end or may even result in having to break-down and rebuilt part of the villa. Major trouble that was so easily avoided by hiring a professional home inspector.
#2 – Find out possible safety issues
Can you say with absolute certainty that your new villa doesn’t have any mold or a poorly laid foundation or iron re-bar that is insufficient? Are you sure that the septic is properly installed and has been properly maintained? Buying Bali property without having a home inspection done is almost the same as driving your car blindfolded. You’re still moving forward but you have no real idea where you’re going to land up.
Isn’t it rather amazing how many hidden defects, known and unknown to either party, can suddenly rear their ugly head? The villa inspection report will cover any of those concerns, and come up with suggestions on how to tackle the potential problems and their likely costs.
#3 – Budget future maintenance costs
All of these questions (and more) can be answered by the home inspection report! Any experienced home inspector will be able to diagnose the situation of the individual installation and determine whether maintenance is long overdue, or has been taken care of quite recently. More importantly, perhaps, the home inspection will also give you a good idea about how long one still has before the current appliances need to be replaced. Having these detailed assessments done beforehand will allow you as the Bali villa buyer to budget any future maintenance costs as the total cost of villa ownership.
Are too many of these major installations coming to the end of its shelf-life at the same time? Does the purchase price suddenly not look as attractive any more? A villa buyer will get invaluable maintenance feedback from the get-go before he gets involved and put his hard-earned money into a property, which is going to cost him a lot more than anticipated.
While there will always be unexpected expenses or repairs to be done when you’re a villa owner, as a new villa owner, you would rather know ahead of time if certain expenses ought to be adjusted for in the purchase price.
The last thing the buyer wants is getting buyer’s remorse after purchasing the villa!
#4 – Valuable tool during price negotiations of your Bali Villa
There’s no doubt about it: having a full villa inspection report done prior to buying the property will allow one to negotiate from a point of strength!
“Mr Buyer, I’m sure you’ve seen the tiny cracks along the outside wall, and it’ll be a quick fix to sort that out! Don’t you worry!”
“Mr Seller, while it might appear to be the case at first sight, the villa inspection report explains in detail (supported by pictures) that we’re actually looking at more than just natural settling of the house! See this number here? That will likely be my cost to fix it all. How about we adjust the selling price accordingly?”
Any requests for repairs by either party following the villa inspection report will be easier to handle vs. trying to determine the severity by having all parties using their personal ‘expertise’ to come up with potential costs. However, villa buyers can’t expect to use the entire home inspection report as an excuse to justify for the seller to fix every single problem in the house, especially when they were known beforehand. Any experienced real estate agent will have already explained this to his client, in conjunction with the warning of an unlikely positive outcome if one were to proceed as such! All-in-all, having a villa inspection done only benefits one’s negotiation power!
#5 – Villa buyers have an ‘out’
You’re not too comfortable with the home inspector’s findings? Step away from the deal!
Yes, you read that correctly! A complete villa inspection report could potentially give you enough reasons NOT to go ahead with the deal! What if there are too many critical systems nearing their ‘shelf-life’ expiration date? Are you willing to take on all those extra costs to repair and replace them in a few months? What if the report comes back with structural issues in parts of the house? Are you okay taking those on?
A villa inspection can honestly save you A LOT of money! Whether it is by revealing all the unexpected costs you might be facing in the near future as the new owner of that property, or whether it is by using the villa inspection report as a negotiation tool to reduce the final sales price of getting that villa! Either way, that seemingly small cost (investment?) of getting that report can give you huge returns on the initial money layout! Even though you as the villa buyer will be able to use the inspection as your main tool for negotiation, this doesn’t necessarily mean that the seller will agree with whatever numbers have been put forward by the home inspector.
Many times, the buyer and seller don’t come to an agreement who will be carrying certain costs. As the buyer, you might be adamant that a number of repairs need to be done by the seller, WITHOUT adjusting the sales price, whereas the home seller strongly believes if he were to do those repairs, the price needs to be adjusted downwards!
If a stalemate ensues, it will be completely your call if you’re comfortable enough with the negotiated terms on the bigger picture to go ahead with the purchase, or decide to rather back out and continue your home buying search. Thanks to the villa inspection, you now know exactly what you’re getting yourself involved with. How’s that for being in control of the transaction?!
#6 – Get true peace of mind
Those of us who have already purchased a property know how stressful the villa buying process can get! Peace of mind – knowing there aren’t any hidden problems in your new villa in Bali and no skeletons falling out of the closet in the weeks/months to come – will go a long way in easing your mind as you refine your initial offer down to the “firm and final” number.
Why add on any unnecessary stress by purchasing a villa which may or may not have hidden defects, structural problems, potential safety issues or illegal additions?! All those worries can simply be taken away by getting a villa inspection! Imagine getting involved in a purchase transaction of your personal villa where you know in advance of the existence of any issues or problems, potential repairs, maintenance, leaks etc.!? In six months’ time, you’ll likely have to replace some of the filters; by year’s end, it would be advisable to have your A/C unit serviced, etc.
Wouldn’t that give you peace of mind?
A villa inspection will result in you knowing where the ‘weaknesses’ of the property are; the really true condition of the villa! Over time, there’s no doubt that villa inspections will be required by law. Until then, it will be up to each and every buyer to determine whether he is comfortable enough getting financially connected to a villa for the next 10, 20 or 30 years, without doing a villa inspection.
Feeling comfortable in your newly-purchased villa in Bali will make it that much easier to call it your home in paradise!