It’s unfortunate but only 20% of buyers commission a building inspector to assess a property before they sign the sale contract. Although some get lucky, others don’t. Common sense will tell you to do all you can to ensure that an expensive purchase like a house or an office would turn out to be as great as you imagined it. Of course, building inspections can certainly help with this cause.
Building inspections are given the task to locate structural defects, maintenance defects (regardless if they’re major or minor), as well as safety hazards. When these objectives are met, they can help the buyer be informed of what comes with their prospect purchase. Not only will this report help him or her locate the potential problems, but it can also give them time to think about how to rectify them and decide if the desired real estate is still worthwhile or not.
Although it might be tempting to skip the pre-purchase property assessment, the little you save from doing so could very well be for nothing once the building you’ve purchased proves to be a financial headache from the get-go. This isn’t the only reason to request this kind of report before acquiring any property, though.
No one buys a property expecting it to collapse but complacency could very well lead to that outcome. Because this possibility is the last thing you’d want to happen as soon as you finalise the property sale, you’ll have to put building inspection on top of your priority list. Do so and you’ll discover how sound the structure really is and if there is any chance a dangerous collapse might happen. This isn’t the only thing the inspector uncovers, though.
With thorough pre purchase inspections, you can determine the level of safety a house offers before you and your kin can move in. The subsequent report will reveal whether the house or apartment you’re investing in is free from substances and health threats like mould, asbestos, and mildews. It can also help you locate suspicious cracks on walls and other potentially hazardous defects.
Requesting this kind of report isn’t just about finding issues and defects with the building you’re zeroing in; more importantly, it’s about understanding the level of work and amount of money needed to bring back the structure to a habitable state.
You may have already paid the prospect property a visit but an ocular inspection only gives you a glimpse of obvious defects. Even if they may not seem like a big deal at first glance, it’s important to get them assessed by trained eyes because additional problems could be hiding underneath. In fact, what appears like a cheap fix could quickly turn out to be a huge expense, especially when the minor issues all add up.
By getting the place inspected before the actual purchase, you’ll know of hidden issues and this knowledge can then help you estimate the cost of repairs. You may use the estimate to negotiate for a lower price or convince the vendor to take care of the problems uncovered during an independent building inspection before the deal is closed.
In the end, not only does a building inspector help in putting you in a great position to save up but he or she also makes the prospect property meet Australian Standards, a set of codes and standards that have to be met by vendors and property owners.
Of course, no property is immune to the threat of fire. Even if safety measures are observed, know that a building inspection further decreases such a risk by identifying faults that keep your home susceptible to this hazard. With an inspector’s help, you can find bad or chewed wiring and other electrical problems that might result in fire or electrocution.
Although electrical problems can be repaired easily, you still need to know what needs immediate fixing. A pre-purchase building inspection report has got this covered so you have a better idea of how vital a specific repair truly is.
Included in the coverage of the inspection are details on the smoke detectors in the building in question. In some cases, a recommendation to add additional detection will be included for optimum safety levels in the estate.
For the most part, it isn’t just the main structure that gets assessed during building inspections. The fact is that any external structures like sheds, patio, pergola, verandah or garage within 30 meters of the main building will undergo the same careful scrutiny by the building inspector.
The inspection will reveal both the safety of the said structures and whether they meet the appropriate standards/regulations. If they don’t meet the said regulations, the inspector may recommend to have them either removed or fixed.
If a property isn’t weatherproof, expect humidity to be present within the premises. Regardless if it has been caused by leaky pipes or faulty AC units, any form of water damage has to be rectified before you end up purchasing the property. Catch these too late and you could be shouldering substantial repair costs.
It isn’t just the cost of repair that you have to worry about when there’s visible signs of water damage in the place, though. The spots where they’re located actually become the perfect habitat for pests, especially termites. And if these wood-eating threats find the building a suitable home, they can severely compromise the structure or its many wood features.
As it turns out, pre-purchase inspections save both your pockets and the property you’re about to buy.
Not all properties are solid investments right out of the gate. Although some may be worthwhile purchases, others will only drain your financial resources if you don’t see what’s wrong in them soon enough. To help you steer clear of these headaches as you’re about to sign the sale contract, call us and we’ll carefully scrutinise the estate you’re setting your sights on before you end up with a nasty case of buyer’s remorse.