Q. [?] Do you connect utilities to properties you have bought in order to renovate, check gas connections and heaters, electric ovens, etc?
Is this money lost?
tj [8D]
Hi TJ
One would think in most cases that the utilities would be connected when you initially inspect the property prior to purchase. Unless I guess if it has been a rental property and has been vacant for some time.
I’m sure you could come to some arrangement with the vendor so you can ensure equipment is functioning, otherwise you may get an expensive suprise with having to replace hot water systems etc.
If your renovating wouldn’t you need the power on any way to carry out the work.
BBHi Betty B, [8D]
Yes, I agree the costs of a new H.W S or oven could be an extra that we would like to avoid if possible. Is there a way to guarantee the vendor is being honest with the condition of such items, or is it “buyer beware”?
We had a look at a property that has been vacant for some time. The property is up for auction and does not have power or gas conneted.
If we purchased the property with the intention to wrap it — and negotiated to renovate it prior to settlement date — we would need to connect the utilities in our name, for a short amount of time. Once renovated and the deal closed the purchasers would take over the property and need to connect the utilities in their name.
I was hoping to get feed back from others who might have done this and could tell us what they did.
tj [
]
]The topic ‘Wrap question…..’ is closed to new replies.
