How to Sell a Leaky Building
Our core business in detecting signs of leaky buildings for buyers, sellers and builders who are in the business of carrying out remedial work (Pre renovation inspections). When your testing houses for moisture on a daily basis as a business, you come across some interesting scenarios… and some creative solutions to problems!
Frustrated Plaster Home Owner Sells House Fast!!
Interesting story: How frustrating do you think it would be if the potential buyer of your property hired a building inspector who then went on to detect leaking problems in your external walls… only to find out once the wall was opened up for further investigation, there is no signs of moisture anywhere?
Well… we recently tested a house on the North Shore where this exact scenario happened, but in this case the home owner replaced the gib board after finding out no problems existed behind the wall after the 1st building inspection had detected problems. He then did a nice plaster & paint job ready to sell the home all over again… but this time with certainty it’s not a leaky building.
What happens next? A new buyer comes along with their building inspection company and moisture testing guy, only to get the same high 20%+ moisture reading. Another sale down the drain… and the timber frame isn’t even wet!
How did he end up selling the house?
Through pure frustration, he ripped off all the gib board and pulled out the insulation and left it like that!!! The very next potential buyer ended up buying the home for the asking price. Why? Because they could physically see the timber frame wasn’t rotted, therefore they felt certain they had avoided buying a leaky building, regardless of all the negative publicity in the media about the common problems with plaster cladding systems. The deal was that the home owner would re-gib, plaster and paint before the new owners took possession once the deal was unconditional. Not a bad tactic hey?
This is not a common method to sell a plaster house, but it worked well is this case. Unfortunately, these are the lengths some sellers who own plaster homes have to go to, but that’s all part of the property ‘game’ isn’t it? SOLD!