The Hidden Costs of Skipping Property Snagging and Inspection in Handovers
The process of buying a new property is a refreshing event whether for private or investment use. Amidst the excitement, most buyers neglect the vital steps of property inspection and snagging. These processes verify whether the property is fit for handover or has only slight defects. While most buyers avoid such expenses in the belief they save money, on the contrary, the consequences of leaving this out could cause hidden expenses with an overall higher cost view. Let us delve deeper to know more. What is Property Snagging and Inspection? Property snagging , the act of summoning all the defects and unfinished work in an on-schedule property prior to the final handover, can range from some very minor aesthetic issues, like a poorly painted wall or improperly hinged doors, to much more serious structural problems, like plumbing or electrical faults. Snagging allows the buyer to make sure that all the defects are rectified by the contractor or builder before possession is afforded...