this post was submitted on 20 Feb 2024
14 points (100.0% liked)

AusFinance

999 readers
6 users here now

founded 2 years ago
MODERATORS
 

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 ?

top 16 comments
sorted by: hot top controversial new old
[–] [email protected] 6 points 10 months ago (1 children)

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.

[–] [email protected] 5 points 10 months ago

Pfft a Bbq sauce bottle is what the pros use

[–] [email protected] 5 points 10 months ago (1 children)

I think that's 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. I've at least found good AC and electrical trades.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

O'shea aren't the cheapest, but they do good work if you're melbs. We're collecting a list of trades as well ('61 house)

[–] Custoslibera 4 points 10 months ago

$2k is a relatively cheap fix.

[–] Anticorp 3 points 10 months ago (2 children)

You can possibly sue your inspector for missing both of those things.

[–] [email protected] 8 points 10 months ago

my inspector had a disclaimer that said essentially they can't be held responsible for things like that. made me wonder what they actually get paid for

[–] [email protected] 7 points 10 months ago

Good way to spend $200k fighting to save $2k.

[–] [email protected] 2 points 10 months ago (1 children)

That's 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 isn't that bad.

[–] Yoz -1 points 10 months ago (1 children)

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.

[–] [email protected] 7 points 10 months ago

....dude, you either got fucking ripped or went cheap.

Our house inspection report is literally 179 pages. It certainly isn't a 'five minute' job.

[–] [email protected] 2 points 10 months ago

We just moved into our first house this month, a 1960s asbestos ridden place for 727k. The conveyancer noticed a missing piece of documentation in the section 32 which meant it could be nullified by us right up to settlement if we wanted, which was nice to have in the back pocket.

I wasn't aware that there's no legal obligation for the seller to leave the property clean upon sale, so there was a bit of muck to remove.

Otherwise the building inspector did a good job, so we knew what to expect when going in. No hidden surprises yet.

[–] [email protected] 1 points 8 months ago

So far no suprises, aside from the cost. $11k to replace the guttering and fascia, $120 to redo the verandah posts that had rotted (DIY with a saw, stirrups and 3 masonry blocks) $1.5 k to replace broken shed frame, $6k for insulation $1.5 k to fell a massive pine 5m from the house, $3k for some rewiring work, and lots and lots of DIY stuff.

Would like solar but that's a massive job, considering we're super frugal with power not really a thing high on the list (needs to be on the near by shed which has no power as the house roof gets no sun, accept some minor southern sun as it's tree shaded.

[–] [email protected] 1 points 10 months ago

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.

[–] Boinkage 1 points 10 months ago

In your purchase agreement, did you agree to buy "as is" or did the seller make a warranty as to the condition of the house? In other words, read your purchase contract. It will say who is responsible for missed issues and reasonable repairs.

[–] [email protected] 1 points 10 months ago

We bought our first home a few years ago, the entire shed was clad in asbestos. It's costing a bit to fix but doing most of it ourselves (not the asbestos removal I hasten to add).

Unfortunately it's just part of house buying, things get missed.