Pre-Purchase Building Inspections
If you’re buying a new property, it’s an incredibly exciting time for you and your loved ones. However, it’s important to keep your head and make sensible decisions. With this in mind, most experts will recommend a pre-purchase building inspection. But why is it so important? What will happen if you forgo this step?
What is a pre-purchase building inspection? In short, it’s when a qualified professional comes to assess the condition of the property you’re looking to buy. They’ll check for any structural damage, as well as any potential problems with electrics, plumbing, and more. If any issues are found, they’ll be outlined in a report which you can then use to negotiate with the seller.
As you can imagine, a pre-purchase building inspection can save you a lot of money and hassle in the long run. If any serious problems are found, you may be able to negotiate a lower purchase price, or even walk away from the deal altogether. And, of course, it’s always better to be aware of any potential issues before you move in rather than finding them after.
If you’re thinking of buying a property, industry experts highly recommend getting a pre-purchase building inspection. It could end up being the best decision you make.
Who Does Pre-Purchase Building Inspections?
Ideally, you want to find a building inspector who is independent and has no ties to the real estate agent or vendor. That way, you can be sure that they’re giving you an honest, unbiased opinion. Look for someone who is accredited and has plenty of experience in the industry.
Often, these services will have experience in many areas including pest inspections, pre-purchase inspections, commercial inspections, asbestos inspections, and more. Consequently, they have supreme knowledge of what to look for during an inspection and will be able to provide you with a detailed report at the end.
What Does the Inspection Entail?
You’ve learned the basics, but what sort of thing will an experienced inspector look for during a pre-purchase inspection? Here’s a list of some of the key components:
- The condition of the property’s exterior, including any visible structural damage.
- The condition of the property’s interior, including any visible damage or signs of pests.
- The condition of the property’s plumbing and electrical systems.
- The condition of the property’s heating and cooling systems.
- The condition of the property’s roof.
- Any signs of water damage.
- Any signs of pests.
What Happens if the Inspector Finds Something Wrong?
If the inspector does find something wrong with the property, they will include it in their report. This report will be given to the buyer, who can then decide whether to proceed with the purchase. While some buyers pull out of the deal, others use the problems to negotiate a lower price with the seller.
It is important to remember that a pre-purchase building inspection is not a guarantee that the property is free of all defects. However, it will give the buyer peace of mind knowing that they have been made aware of any potential problems.
If you are thinking of buying a property, most property experts recommend that you get a pre-purchase building inspection. This will help ensure that you are making a well-informed decision and avoid any nasty surprises down the line.
For those currently buying a property, why not get the ball rolling with an inspection today?