You want to ensure that the property you are buying is worth the investment and won’t give you any nasty surprises down the line.
One way to minimise these risks is by conducting a building inspection.
In this article, we will discuss what is involved in the building inspection process, why it’s important to get one, and the costs involved.
What Is Involved In A Building Inspection?
A building inspection is a thorough examination of a property’s condition, including its structure and any defects, by a qualified building inspector.
The building inspector goes through the property and checks for any major or minor issues, including cracking walls, leaking roofs, faulty wiring, and other potential problems.
The inspection report provides an overview of the property’s overall condition, and any issues that need addressing.
This should be part of your due diligence process when purchasing a property.
Why Get A Building Inspection?
Getting a building inspection is essential for anyone looking to purchase a property.
It can help you avoid any costly surprises down the line and ensure you’re making an informed decision about the property.
An inspection can identify any issues with a property before you buy it, allowing you to make an informed decision about whether it’s worth the investment.
What Building Inspectors Look For
During a building inspection, the inspector will look at various areas of the property, including the roof, foundation, walls, floors, and electrical systems.
They will also check for any signs of dampness or water damage, insect infestations, and other potential hazards.
Who Should Conduct A Building Inspection?
Building inspections should be conducted by qualified professionals with experience in building inspections.
It’s important to choose a reputable inspector who is licensed and insured. A professional building and pest inspection company can provide you with peace of mind that the inspection is being conducted by a qualified individual.
How Much Does A Building Inspection Cost in 2023?
The cost of a property inspection can vary depending on the location, size of the property, and the type of inspection required.
On average, a building inspection can cost anywhere from $500 to $800. However, this price can increase if you require additional inspections, such as a pest inspection.
What A Building Inspection Covers
A building inspection report typically covers a wide range of areas or a property, including:
The inspector will check for any signs of damage or leaks.
The inspector will check for any cracks or signs of settlement.
The inspector will examine the walls for any signs of cracking, dampness, or damage.
The inspector will check for any unevenness, cracks, or damage.
The inspector will check for any faults or outdated wiring.
What A Building Inspection Does Not Cover
It’s important to note that a building inspection report will not cover everything. For example, it will not cover any hidden defects or issues that are not visible during the inspection.
The report will also not cover any issues that arise after the inspection, such as if a pipe bursts or if there is an electrical fault.
Common Problems Found During Building Inspection
During a building inspection, there are several common issues that inspectors come across. These include:
These can include cracks in the walls or foundation, which could indicate structural damage.
This can include dampness or mold, which can lead to health problems and costly repairs.
This can include outdated wiring or electrical faults, which can be dangerous.
This can include termites or other pests, which can cause significant damage to the property.
When Should You Arrange A Building Inspection?
It’s essential to arrange an inspection before purchasing a property, ideally before signing a contract of sale.
This allows you to identify any issues with the property and decide whether you want to proceed with the purchase.
Is A Building Inspection Enough Before Purchasing The Property?
Whilst engaging a building inspector is an essential step when purchasing a property, it’s not always enough.
It’s also important to conduct a pest inspection, particularly if you live in an area prone to pests.
A professional building inspector who can carry out a building and pest inspection can provide a comprehensive overview of the property’s condition.
How To Arrange A Building Inspection And Who To Contact
To arrange a professional building inspection report, you can contact a professional building and pest inspection company. Make sure to choose a reputable company with qualified inspectors.
You can also ask for recommendations from friends or family who have recently purchased a property.
In conclusion, an inspection report is an essential step when purchasing a property. It can help you avoid any costly surprises down the line and ensure you’re making an informed decision about the property.
By understanding what is involved in the inspection process, you can make the most of your investment and enjoy your new home with peace of mind, knowing that you have carried out due diligence by engaging inspection services.
Tori is a finance blogger and researcher at OurTop10.com.au, where she enjoys helping people navigate the world of finance and money. Through her insightful articles and comprehensive research, she empowers readers with valuable knowledge on budgeting, saving, investing, and retirement planning.
Tori’s approachable and empathetic style makes complex financial concepts relatable and easier to understand, She aims to foster a sense of community and leave a lasting, positive impact on her audience’s financial well-being.