What do you do after a report?
Now you have got
a report what now.
Show your report
to your lawyer. This is the negotiation stage which
is done with your lawyer. The idea is to get either the repairs
done or the value of the repairs off the purchase price.
In rare cases the
seller will not do either if they know they can get another
buyer who will not get a pre purchase inspection.
In most cases the
seller reduces the price, the sale proceeds and you get the
repairs get done.
In rare cases the
seller does not accept any faults.
In some cases the
seller does the repairs poorly and cheaply.
No Building Consent
Building Consents
are required for all building works other than maintenance
of the existing structure, plumbing and drainage. It is common
to find no consents. Most Territorial Authorities will not
accept retrospective consents as they can not see what is
under ground and behind walls. This may mean that you take
off the value of the work done with out a consent and have
it demolished and redone or have the wall linings removed
and inspected after obtaining a Building Consent. Allow a
thousand dollars approx for obtaining a Building Consent but
this depends on the size of the job. It involves plans, specifications,
application forms, Consent fees, testing, and inspections
to obtain a Code Compliance Certificate.
It pays to go hard
on getting the work with a consent otherwise when you go to
sell the house the buyer will get a prepurchase report
or a LIM report done and find no consent and or the work does
not comply with the Building Act.
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