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Buying A House Subject To A Building Inspection

Building Inspection Done Before Buying a House

Buying A House Subject To A Building Inspection

by | Oct 24, 2021

What Is A Building Inspection?

The goal of a building inspection is to provide the buyer with an objective, independent, and unbiased assessment of the state of the systems and components of a home which is up for sale. An inspection is also needed for new constructions to ensure that the building is being built to a good standard in compliance with the agreed plans.

Building inspections have become a must for some mortgage companies before lending money to home buyers. Building inspectors ensure that your building is safe and also worth the asking price. Here are the reasons why it’s important to hire a building inspector to help you with the inspection process.

Identifying and Rectifying Structural Issues

Some buildings have structural defects that you can’t see, but which would cause a building to be unsafe in the long run. It’s important for a home buyer to conduct a building inspection before or after the offer to determine if the building is safe.

By having the inspection done, you will be able to save yourself from incurring repair costs in the future. Ensure you perform a building inspection before any purchase is made to avoid a bad deal.

Effectively Budget for Repairs

A building inspection will give you an estimate of what it will cost to repair the identified defects. This will help you decide whether it is worth purchasing the property when the costs of repairing defects may be high.

At times, you may come across cheap and discounted buildings when negotiating for the purchase. However, if you ignore building inspection of the property, the cost of the repair could substantially eclipse the cost of building a new one. A home inspection would prevent you as a buyer from making a costly mistake.

Timely and Quick Repairs

It’s also important to conduct a building inspection as it helps you quickly identify trouble spots and carry out repairs before they become costly damages. Timely and quick repairs will save you from problems such as leaking gas tubes, missing attic insulation, among others.

The damage to a building’s key elements might seem minor on the onset but in future, the damage might worsen. You can quickly fix little problems before they deteriorate, but you can only do that if you undertake a proper inspection beforehand.

Knowing the True Value of a Home

Once you have identified your dream home and are ready to buy, it is important to ascertain its true value. Renegotiating the price after a building inspection could save you thousands! Otherwise, the seller might overvalue the home, and you may later realize that you paid a lot more than the market value for the property.

Identification of Best Maintenance Practices

A Building Inspection is essential because you will be provided with best maintenance practices to fix any existing defects. As a home buyer, you will be given a comprehensive management plan and recommendations on the treatment of all invading pests.

For instance, a home situated close to a forest must have safety features that safeguard the house against straying animals or fire outbreaks. As a home buyer, you need to have a building inspection done to know the best way to maintain a house before purchase.

If you purchase a home and notice there is information missing in the inspection report, consider resolving the problem with the building inspection company. If your issue is not resolved, consider seeking legal advice about your predicament.

 

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Buying a home?

Before you purchase, you need to be aware of what financial liabilities may be incurred. Our trained, experience and insured Adelaide building inspectors will be sure to assist you in this regard. Don’t leave your investments to chance

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