Buying a home is an exciting time. There is a lot to take care of, and you will be racing around getting everything done in time for the settlement date. One of the key factors that you will need to take care of is making sure that the property is in the condition that it is said to be presented in.
While a property inspection may take a little bit more time and money, it is an absolute necessity in the property purchasing process. Yes, you may save a little without it, but you could end up purchasing a property with a whole host of (potentially costly) problems if you don’t complete an inspection. Sometimes, people consider skipping the property inspection process, but this can be a highly problematic thing to do.
When you buy a home without getting a property inspection first, you are relying on the vendor to tell you everything that’s wrong with the house. In some cases, a vendor will not want to tell you because they know it makes the home a less appealing buy. In other cases, the vendor will simply not know about a fault or problem.
Having a professional inspect your property prior to purchasing is the best way to ensure you base your purchase on the opinion of an expert who is honest and informed. At ALF Lawyers, we ensure that all necessary checks are conducted prior to the purchase of your property for your peace of mind and protection.
For any property inspection enquiries, call us today on (07) 3088 6161 and one of our team will be happy to assist you.
What Does A Home Inspection Involve?
When you have a home inspection on a property you are looking to purchase, you will have an experienced property inspector come to the property and examine the property with various checks including:
- Doors and window openings
- Damp and mould, including paint jobs used to cover up mould
- Sagging ceilings and walls
- Carpet checks including rotting floorboards
- Taps and plumbing for hot water flow
- Hot water system checks
- Light switches and electrical checks
- Roof and guttering, drain pipes
Your pre-purchase property inspection is a standard property inspection that most people do when looking to buy a home. Your building inspection will result in a building inspection report and will include a listing of any issues that might be significant or minor. The purpose of your building inspection report is to identify problems that are going to cost you money to repair.
Why Do I Need A Building Inspection Report?
If a building report turns up some issues that are going to cost money to fix, you can use this information to negotiate a lower price from the vendor.
After all, if there is a problem in part of the house that will cost you $20,000 to fix, you can negotiate with the vendor to either fix this as a condition of sale, or to take this amount off the purchase price. You can also use the information in your building inspection report to get some advice from a specialist.
What Will Be Contained In My Building Report?
The level of detail contained in your report is going to depend on what kind of home you are looking to buy, and what kind of process has been used by the company responsible for the report. While there are Australian Standards for reports in terms of contents, there is no obligation about formatting.
You will have information in your report about the interior and exterior of the property, as well as details about the roof, the underneath of the house (if applicable), and the building site/land. If you want extra elements inspected, you can ask for things like asbestos reporting, for example.
You will likely have a list of items that were not inspected, as well as the reasons why these items were not checked.
What Won’t Be Included In Your Inspection
Your building report does not deal with every element of your property. While your report will be thorough and provide details about potential problems, the report will not contain matters that are beyond the experience of your inspector.
It will also not have an estimate of how much something might cost to fix. What this means is that your report is going to contain information about the problems (if there are any), but it won’t tell you how much it is going to cost to fix them. Your report also won’t check things like:
- House footings
- Electrical wiring
- Plumbing, drains, or gas
- Concealed damp-proofing
- Air conditioning systems
- Sprinklers and garden systems
- Swimming pools
- TV reception
When Should You Organise Your Report?
You will need a couple of days’ lead time to arrange a building inspection. It is also helpful to get the permission of the vendor to inspect the property as soon as possible. This will help you determine whether the property is going to be worth purchasing.
It can also help you with negotiations if you decide to push through with its purchase. After all, there is not a lot of merit in paying for conveyancing on a property that you are not going to buy due to building defects.
Get in touch with ALF Lawyers today for conveyancing services you can trust. We can help you see which checks and inspections are necessary to help you purchase property with greater peace of mind. Contact us today on (07) 3088 6161 or get in touch online and we will call you back.