Pre Purchase Building Inspections Caroline Springs
No matter if you are buying, selling, or renting a home, getting a building inspection is one of the best investments you can make.
A building inspection will reveal whether there are any issues with the house such as structural, water damage to subfloors and the existence of termite damage
Our reports comply with the victorian building authority guidelines.
While building inspections may seem like a somewhat expensive initial outlay, it can prove to be very beneficial, as it gives an insight into the condition of the property.
People often make the mistake of not paying for a building inspection, and later finding defects that will cost them thousands to repair.
Before signing any legal real estate contracts, it’s critical to have building inspections undertaken on the property.
If there is an issue discovered, there is an opportunity not to proceed with the purchase if costly repairs are required or you may be able to renegotiate the purchase price.
Another scenario is that building works weren’t done in compliance with safety regulations and building codes and standards.
Carrying out a building inspection will help alleviate these concerns and allow you to make an informed decision in regards to the condition of the property in advance, and to also negotiate a property price reduction to factor in the cost of the repairs of any defects found.
You may also request that the terms of the sales agreement cover the repairs in the final price.
Before purchasing a home in Melbourne, it’s crucial that you do your due diligence before signing any agreement or investing hundreds of thousands of dollars.
Buying a property is one of the most significant decisions you will make in your life, and is not one to take lightly.
There is a long and complicated process that goes into buying a new property. Firstly you need to obtain finance and work out your budget, then the search begins.
Once you have a shortlist of properties, its time to attend inspections/open homes. After finding the perfect property, it’s strongly recommended to get a house inspection.
A building inspection report lets you know of any faults with the property before signing a contract and is essential as it allows you to withdraw from the deal if there are significant faults found
This can potentially save you a lot of money if structural defects are found.
If a significant issue was discovered and you chose not to proceed with the sale, you would be legally liable for the deposit, any legal fees, and the finance approval fees if you did not have a clause in your building contract, SUBJECT TO BUILDING PEST INSPECTION.
A Building inspection report often seems like an unnecessary cost and one that can be avoided. However, with the significant amount being spent, sometimes in the millions, it’s one of the best investments you can make
Getting an independent building inspections Melbourne report conducted allows you to avoid the risk of the vendor omitting known defects, trying to ask for the highest price.
It’s similar to when buying a used car, a lot of sellers don’t disclose faults. However, a home inspection lets you know exactly what you are getting ahead of time, and ensures no nasty surprises will surface later on.
Are Sub Floor Inspections Necessary
This type of inspection is often overlooked due to accessibility and access problems but it is an important part of the building inspection as there may be moisture or structural defects and the presence of termite damage.
A subfloor inspection report is crucial as it will identify the existence of water damage to subfloor timbers that may cost thousands to repair.
An easy way to determine if the subfloor condition is below standard is to see if the floorboards are squeaky. If so, the most obvious reason is that the joists under the floor are uneven or are not sitting on the stumps.
This was a problem with a house we inspected in Lilydale recently.
The client had bought the property 12 months ago and could not understand why the floorboards were “bouncy”
What we discovered was that the bearers were not sitting on the stumps, therefore, creating bounce to the floor also the timber stumps required replacing due to rot.
The rectification cost was $15,599 money that he had to borrow, if only he had got a building inspection he would have saved himself a lot of money.
If you buy a house you require a Building Inspection Report.