Conduct Inspection on these Structural Faults to Avoid Bad Purchase or Renting

Posted on: Sep 8, 2021 | | Written by:

Conduct Inspection on these Structural Faults to Avoid Bad Purchase or Renting

Structural faults and defects in a building are one of the most common problems nowadays. These are the results of negligence in construction or improper construction or poor structural design of the building. Chipping of plastered walls, water seepage, cracks, and dents on walls or flooring are some common and noticeable faults that can drastically reduce the habitability and the cost of the property. And you would want to avoid buying or renting such a place, right? So let's dive into the factors to consider before purchasing or leasing a space and the importance of equipping yourself with home insurance.

Things to Consider While Buying or Renting a House:

Before acquiring or renting a house, you need to consider certain factors regarding the inspection of the property. Otherwise, it might lead to dangerous circumstances for you and your family residing in the house. They are as follows:

1. Weak Foundation -

Foundation is the core of a house. So it is important to know if the base of your house is strong or weak. There are multiple ways to check it. Some of the ways which indicate the weak foundation of the house are the following:

a. The crumbling of concrete

b. If you are unable to close doors or windows

c. Ruptures or gaps in the house

d. If there is a sloping surface or sagging on the foundation walls or floors

e. Improper drainage in the foundation floor

2. Cracks on Wall -

Shrinkage and expansion of concrete is caused because of frequent change in temperature and humidity. Constant expansion and shrinkage of concrete can cause cracks on the walls of a house. Some cracks are unnoticeable and harmless. But sometimes these hairline cracks can prove to be dangerous if they keep on widening over a period. Numerous cracks on a single wall or a room indicate major structural faults. Expert supervision is recommended to check the cracks.

3. Faulty Plumbing -

Faulty plumbing and drainage system are the results of the installation of incompatible piping materials as well as faulty fixtures. Improper installation of pipelines and fixtures may result in water seepage, clogging of drainage and shower, or pan leaks. The assistance of an engineer is required to look for the deterioration level of the pipelines.

4. Improper Electrical Wiring -

Improper electrical wiring in the house can cause a short circuit or even cause a fire. Hiring an inspection engineer is recommended to audit the whole electric board of the house. Look for instances such as the following:

a. Insufficient power supply

b. Improper wiring connections and circuits

c. Insufficient overload protection

5. Flooring Issues -

The ground not holding the tile to the floor, water seepage on the floor or roof, widening crack on the tile, all indicate poor flooring of the house.

Importance of Home Insurance While Buying or Renting a Home:

Just like checking and inspecting a house before inhabiting it is vital, availing yourself of Home Insurance is also very necessary before buying or renting a home. The following are the reasons why it is important to safeguard you and your family with Home Insurance before deciding to live in a property:

1. Property Damage Cover -

It doesn't matter if the house has any structural defects or not. Home Insurance should be the first thing you must get to. This is because as the house gets older over the period if anything happens to the property, the policy can easily cover your damages and losses.

2. Aid and Security -

The policy can also provide you aid and support to maintain your house for the long term and also gives security to your residence.

3. Reliable -

Home Insurance also covers the furnishings and other assets in the house. This makes it a reliable and crucial thing to do while buying or renting a home.

4. Liability Cover -

Home Insurance also gives liability coverage against mishaps or accidents in the house. Every home insurance has its liability limit. This means that the insurance company can cover up to a certain amount that depends on the insurance policy's terms and conditions.

Conclusion

With the inflation in the estate market, finding the desired home for you and your family can become quite tedious. Remember that checking for structural defects of a house before buying or renting is just as important as equipping yourself with house insurance. Since both are important in their ways. If you're looking to insure your house, HDFC ERGO's Home Insurance offers covers for almost any accident to your residence including natural calamities, burglary and theft, fire, and terrorism. It comes with an easy application process and affordable premium options.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

Why Home Insurance Should Be on Your Mind While Buying a New Home?

Insurance Tips For The First Time Homebuyers

Home Insurance for Tenants