Denis Fedosov
Expert in technical supervision and real estate acceptance
Do you live in the EU, the UK, or the US, and are you renovating a property in Cyprus? Learn from a practicing consulting engineer how to protect your investment and get a high-quality result.
Independent landlord: help in checking the quality of your home
Who is an independent condo inspector and why do I need one?
When investing money in a new building, buyers expect that the housing will fully comply with the project and the developer’s promises. But in practice there are only a few such cases – everywhere something has to be finalized and corrected. To find these or those defects helps acceptance – the process of checking the property before signing the transfer certificate. After receiving the keys, any corrections will be made at the expense of the new owner, so it is rash to sign a document without identifying defects. At the same time, it is problematic to assess the condition of the apartment on your own, and in such a situation an independent receiver comes to the rescue. Let’s find out who this person is and why they are hired.
What does an independent surveyor do?
A receiver is a person who carries out a set of works aimed at determining the developer’s deficiencies at different stages of construction and finishing. An independent specialist works impartially and assesses the condition of the apartment, taking into account the documentation received from the buyer and building regulations. His task – in the presence of shortcomings, which are almost always present, but in varying quantities, to identify them and record them, so that then to achieve the earliest possible elimination. Most often professionals identify the following shortcomings:
- Low quality of installation of window systems, the presence of various kinds of defects in the structures – cracks, chips, scratches, grits and scale on the glass panes. Because of them it is not possible to achieve optimal tightness, respectively, microclimatic parameters deteriorate;
- Unevenness of walls of different degrees of severity;
- Voids and other problems with the screed;
- Absence of level difference between the corridor and bathroom/toilet, which is necessary for leak prevention;
Unlike an expert examination, which costs a lot of money and requires special authorizations from the executor, acceptance can be carried out by a person without special education, but with thorough knowledge of the subtleties of the evaluation of new buildings in a particular country.
Why you need a real estate screening professional
Hiring a real estate receiver is relevant for real estate investors, both at home and abroad. The main thing is why you need one:
- To save your nerves and time. The process of studying an apartment is not fast and involves the need to delve into a lot of technical details, which most buyers do not have the strength and desire. Under certain circumstances it is possible to invite a specialist without personal presence, you will need to make a power of attorney in advance.
- To detect discrepancies between construction norms and actual parameters.
- To fix the defects and submit them to the developer for elimination at his expense and within the legally prescribed terms. If you identify problems before signing the acceptance certificate, you do not need to pay extra for corrections.
- To invest in housing that will be safe and of high quality. Some defects in the performance of construction and finishing works threaten not only additional costs, but also the deterioration of human health. Finding them early will allow you to move into the apartment or settle tenants without fear.
- To receive compensation in case of failure to fulfill the developer’s obligations to eliminate defects.
In fact, the receiver is necessary for the rational use of resources by the buyer and successful investment. His services will definitely cost less than the money that would have to be spent on eliminating defects on your own in the event of a hasty signing of the acceptance certificate.
In fact, the receiver is necessary for the rational use of resources by the buyer and successful investment.
Denis Fedosov
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