The best way of knowing as much as possible about the condition of a property you are considering to buy is to get a building inspection. Getting a pre-purchase property report can help you avoid problems and extra expenses in the future, so here is everything you need to know about it.
What is a pre-purchase building inspection?
As the name suggests, it is an inspection report you get before buying a property. It is just one of the different types of inspection reports you can request and it is a written statement of a property’s overall condition. It is carried out to identify any problems or defects which can be costly to repair if left unchecked and it will include all deficiencies, such as safety hazards, rising damp, a faulty roof, anything you would want to be aware of before exchanging sale contracts.
Why do you need it?
The building inspection report is only one of the things to consider before buying, but it is necessary so you can be aware of any problems. You can use this information in your favor to try to negotiate a lower price and you will also be able to consult a specialist about the major problems and what their effect will be to the property over time.
Ordering an inspection and hiring the right person to do it
You should get permission to have the property inspected as soon as possible. Once you do, find the right person to carry out the inspection. Search for building inspection companies and always hire professionals who are suitable and qualified for the job since they will know what to look for and will see any faults that might be missed by an untrained eye. Keep in mind that most consultants need prior notice to do the inspection and they should be notified a minimum of two to three days in advance. To learn more about this, you can visit house-inspections.com.au.
The contents of the report
How detailed the report will be, depends on several factors, such as the size, age, the condition, and type of property. Some reports might use a standard format or checklist, while others might be specifically customized for each property.
Every report should include general information such as the interior and exterior of the building, roof and underfloor space, and roof exterior. A garage, carport, garden shed, steps, fencing, surface water drainage, storm-water run-off, paths, and driveways should also be included. Other details should comprise of a summary of the property’s overall condition, any major or important problems that need to be fixed, and a list of any area that wasn’t inspected.
Some things that might not be included in a building inspection report are minor defects, termite detection, a repair cost estimate, and matters that are outside of the inspector’s area of expertise.
Other types of reports
You should check with a consultant about what is normally included in their pre-purchase inspection report, but if you would like additional information, you can request a special-purpose property report. It usually includes everything a building inspection report does, but might also give you a list of minor problems, a recommendation of the needed repairs, and an estimate of how much fixing major problems might cost you.
While the inspection report might include any visible damage caused by pests, it won’t go into it deeper. You should think about getting a pest inspection report, especially if the property is situated in an area that is known to have a pest problem.
Getting a property inspected before buying should be on your list of priorities. Not only will the report give you information on the overall condition of the building, but it can also ensure that you are making a good investment.