If you’re considering buying a new or used home, it’s important to have a pre-purchase inspection done to assess the condition of the property. This inspection can help you renegotiate the offer or even cancel it if needed. It’s a great way to ensure that you’re making a wise decision and protect yourself from any hidden defects that may arise.
When you call for a building inspection in Melbourne, you will have to bear the cost of it. As a buyer, this cost will be entirely your responsibility. However, it is important to keep in mind that this investment is significantly lower than the amount you might have to pay if you purchase a house without having its problems detected beforehand.
1. Finding a house you want
To start the process of inspecting a house, you should first find a property to buy. You can hire a real estate broker to help you with this. The best part is, the broker’s services are completely free for you since the seller of the house pays a commission once the sale is finalized.
Besides, you might also need a broker for your home loan to finance your real estate project. The broker will search for the best interest rates offered by various banks, based on your financial situation. You don’t need to pay anything to the broker, as the banks pay them a commission for every new customer they bring in.
2. Choosing the correct House Inspector
It is crucial to use a house inspector during the home buying process, especially if you lack solid construction knowledge. By this point, you have most likely submitted an offer to purchase the property. The inspector’s report will confirm whether the house is up to code or not.
The building inspector is a critical component of the buying process and can help you renegotiate the terms of the purchase agreement if necessary. For instance, if the house requires renovation work, the inspector’s findings can help you negotiate the terms of the agreement. Additionally, if the inspector finds any serious problems that were not disclosed previously, you may have the option to cancel the transaction altogether.
It is essential to choose a building inspector with years of experience in the field. Moreover, ensure that they have professional insurance covering errors and omissions in building inspections. This will allow you to have recourse if any issues arise following the purchase of the house.
3. Pre-purchase house inspections
When purchasing a home, it’s important to have a house inspection to ensure peace of mind throughout the whole process. You can hire a professional to conduct the inspection or accompany them on the visit to ensure the house meets your expectations. During the inspection, the professional will evaluate the visible and easily accessible components of the house to detect any issues or hidden defects.
The components that need to be inspected include:
• Structure (foundations, walls, and ceilings)
• Roofing (gutters, coverings, and ventilation)
• Interior of the house (finishes, floors, doors, and windows)
• Building mechanics (plumbing, electricity, heating, air conditioning, and ventilation)
• Insulation (type of insulation, air barrier, vapour barrier, and caulking)
• Exterior layout of the house
• Stoves and fireplaces.
4. Emailing the inspection report
After you submit an offer to purchase a property, the pre-purchase inspection usually takes place under certain conditions. The seller then has around 7 to 10 days to either accept, refuse, or submit a counter-offer. The signed contract will specify the exact date and time of expiry. It is important for the building inspection to be completed in time to verify the house’s conformity and lead to a timely sale.
Typically, the inspector will provide you with their report 48 hours after their visit. This delay is necessary to study the photos taken during the inspection and carry out additional research on suspicious elements. An inspection report is a valuable tool that includes tips and recommendations to help address any existing problems.
5. Signing the contract
If your pest inspector doesn’t find any issues during the inspection, or if they find only minor problems, you can proceed to sign the promise to purchase. After that, the next step will be signing the deed of sale. Once you’ve completed that, you officially become the new owner.cial owner!
Looking for a professional for your pre-purchase inspection?
If you require dependable building inspections in Caroline Springs, Wyndam Vale , Werribee, or property inspections in Preston, we are here to help. Our team of experienced house inspectors will conduct a thorough evaluation of your property and highlight any potential issues or safety concerns. Our comprehensive reports will provide you with peace of mind, ensuring that you are aware of the true condition of the building.
We service all of Melbourne and surrounds, as well as North, West, and Eastern Melbourne. If you require our services outside this area, please contact us to discuss your job.