When you are purchasing a home, there are many things to consider.
One of the main points to consider is a Building Inspection report. This is vital. Think of it as an investment.

What is a Building report?
It’s a report issued by a qualified building inspector, surveyor or architect. It lists any visible faults, and if they need urgent repairs, and in some cases an estimate of the costs. Use this as a bargaining tool to lower the price of sale.

Vendors Disclosure
Vendors are not required to disclose and defects in a property. There is a principle “Caveat Emptor” – which basically means, “Buyer Beware”.As a buyer, you must take steps to uncover any defects. Any effects discovered after you have signed the contract are for the responsibility of the Buyer.

Benefits of a Building Report
It provides a professional assessment of any defects visible such as cracked walls, water damage, rotting window sills, illegal additions and non-compliant renovations.

What a Building report will not Cover
Invasive pests and termites, asbestos, electrical and plumbing issues.

As a guide, a thorough Building Report costs between $500 to $800.

Contact Paul on 0417 567 747 for any assistance with your purchase as he can provide various Associates who will assist you.

 

Tags: