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.
Why independent inspection of real estate is mandatory in Cyprus
Buying real estate abroad is undoubtedly an important event. Cyprus with its mild climate, seaside and stable economy has long been among the priority destinations for investors. It is also chosen by emigrants and families looking for a second residence. More and more buyers are encountering unexpected problems after moving in or finalizing a deal. The main reason is the lack of a full inspection of real estate in Cyprus before purchase. It is important to understand why an independent inspection of the property before the transaction is a necessity and what property inspection Cyprus benefits will be provided to the buyer.
What are the risks of buying without an inspection?
Many properties in Cyprus look visually presentable. But despite the fresh finish and well-maintained facade, they can hide serious technical and structural defects. They are represented by:
- cracks in load-bearing walls and foundations;
- leaks in the roof and walls;
- hidden mold and mildew due to problems with ventilation;
- defects in electrical wiring and plumbing;
- unauthorized redevelopment;
- non-working engineering systems.
At the stage of signing the contract, many buyers, especially foreigners, rely on realtors or the external picture. No real estate agency is not obliged, and not interested in reporting all the defects. The seller’s job is to sell, and yours is to protect yourself as a buyer. Independent inspection of real estate in Cyprus is necessary to protect the buyer. It is carried out by an accredited engineer who is not connected to the seller.
What is checked during an independent inspection?
In the process of professional technical inspection, construction, engineering and operational parameters of the object are checked. The specialist pays attention to:
- general condition of the structures (foundation, walls, roof);
- cracks, shrinkage, deformations;
- condition of the roof and drainage system;
- engineering communications (water, electricity, heating);
- level of humidity in the premises;
- assessment of ventilation and thermal insulation;
- compliance with building codes and permits.
As a result, the inspector provides a technical report that describes all the identified deficiencies, attaches photos, gives recommendations for elimination, and in some cases – even the approximate cost of repair. This document has legal force and can be used in the revision of the terms of the transaction.
It is especially important to perform an inspection when buying secondary real estate. Most problems are associated with outdated communications, hidden cracks and violations during repairs. Properties located near the sea can deteriorate due to high humidity and salty air.
When should I order a site inspection?
The best time to contact an engineer is before a preliminary contract is signed or a deposit is paid. This will enable you to make a decision based on facts, not emotions. By ordering an inspection in advance, the buyer will be able to:
- avoid buying a problem property;
- negotiate the price competently;
- accurately calculate future maintenance and repair costs.
Hinode offers an independent inspection of real estate in Cyprus. Our specialists work exclusively in the interests of the buyer. Order an inspection of the object can be ordered right now, and secure one of the most important transactions in life.
Independent inspection of real estate in Cyprus
Denis Fedosov
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