It’s the last day of the year. The sun’s out and you’re enjoying your cheese and bickies, contemplating the year to come. For many this is a great time to house hunt, relocate, downsize or upsize. Despite pointing out overgrown gardens or dodgy paintwork, there are many other ways to avoid the risk of a financial nightmare when you buy your next property. Look for the unknown. You don’t know what you don’t know until you find someone in the know to let you know…you know? I’m talking about detrimental faults, pesky pests and insects and their nests, hives and infestations that may not be visible if you don’t know what you’re looking for.
Why Get a Building & Pest Inspection?
My Dad drummed into me that one of the key things high on the checklist when purchasing a property is a pest and building inspection. And I can’t disagree. It’s like buying a car without a REVs check or a puppy without vaccination papers. You just wouldn’t do it.
Why Get a Full Defect Building Report?
Most building & pest inspections are basic and comply with standard guidelines relevant for real estate agent purposes. However, for peace of mind, you should consider having a Full Defect Building Report is the only report that complies with the Australian Standards. It is specific and thorough and will remove any risk factor allowing you to make the most calculate decision about whether to purchase or not. Action Property Inspections in Brisbane are very thorough and offer this report as part of their services.
So What Does a Building and Pest Inspector Look For?
A qualified inspector will bypass any aesthetic improvements used to cover up faults and really know what to look for. They will identify signs and symptoms of white ant/termite damage, cockroach or rodent infestation, water damage within internal walls, structural beams or floorboards and will point out any plumbing concerns. They will then be able to report whether these things can be repaired and what the likely cost would be to do so.
How Much Does an Inspection Cost?
Fees for professional inspections vary but are usually a few hundred dollars upwards. In the whole scheme of things, though, it’s a very small price to pay in comparison should there be unforeseen issues and repairs needed after purchase. Be sure to employ your own inspector and not that offered by an agent or certainly by the seller. You have no guarantee of the accuracy of the report otherwise. I’ve always employed inspectors myself so that I know that the report is specific to my potential property and that the content of the report is not biased.
When Should a Building & Pest Inspection be Done?
Don’t let agents or sellers pressure or hurry you into purchasing. Sometimes it’s legitimate, but other times it means they’re covering something up. If the property is really what you’re after, feel free to put a deposit down but stipulate that the purchase is pending a building & pest inspection. This will give you a breather of 7-10 days to have the inspection done and assess the results of the report before signing anything further. At this point, you can pull out of the sale if you feel you can’t compromise on the cost of repairs or if you don’t want to deal with the faults. You may lose some or all of your deposit but it could be worse.
Happy New Year to you all. Let me know how you go with your house hunting and be sure to contact a professional building & pest inspector to get that inspection done. You’ll thank me later!