Hi Guys, I bought a 1977 built house which was last sold for $390k in 2019 and I paid $650k. After moving in we found the cabinet drawers were broken and the house had plumbing issues which will cost up to $2k to fix. Surely I am not the only one who had these issues. Anyone else want to share their story ?
I think thatโs fairly common for older places.
My experience is similar. Some things were overlooked when we bought. Others just were up for fixing after a few years.
Finding a decent plumber has proved difficult. Iโve at least found good AC and electrical trades.
You can possibly sue your inspector for missing both of those things.
In our previous house, we discovered that a component of the roof guttering was a tomato sauce bottle with a hole it. It was doing the job, so we just laughed and left it where it was.
Bought a 90s build just as the post-covid market explosion was starting.
Missed a rotting wall and carpet from badly installed taps. It was surprisingly straightforward to remedy, cost us under $1k in repairs and new carpet and I suspect saved us tens of thousands on the asking price given the market at the time.
Thatโs why you get an inspection. Go in eyes open.
Cabinet drawers are nothing, hit up youtube or instructables and fix 'em up or replace. 2k for plumbing isnโt that bad.
Mate you cannot find issues in 5min inspection. I think the whole process needs to be changed but the power is in the hand of real estate agents, not sellers and not buyers. They make and dictate the rules.