Buying a new property is a thrilling experience. And just as purchasing property Insurance is a mandatory task, a Per-Purchased Building Inspection is equally essential.
Every year a surprising number of people do not conduct a Per-Purchased Building Inspection before buying a house, either because it adds to their expenses or they just deem it unnecessary. But it is one of the essential things you need to consider before moving into a new house.
Agreed! It’s one of the most tedious parts of buying a house, and it may cost you a couple of hundred bucks but trust me, it is totally worth it!
What is a Pre-Purchase Building Inspection?
A Pre-Purchase Building Inspection is an assessment of the property conducted by a certified inspector. This inspection is mainly carried out before purchasing a particular property. The main aim of the examination is to detect faults in the property (if any). And notify the client about their existence.
The inspector also quotes the estimated cost to repair all the faults. And whether the property is worthy of the price put forth by the seller.
Why do I need a Pre-Purchase Building Inspection?
In Pre-Purchase Building Inspection, the inspector mainly focuses on the property’s structural defects, which would need the immediate attention of the new owner.
- Are you buying a structurally sound Property?
While investing in a new property, it is essential to check how well built it is. You do not want any part of the construction to collapse in the middle of the night.
The inspector can determine the actual condition of the property and the likelihood of any future damage.
It’s necessary to understand the problem beforehand as the cost of reconstructing and related civil work is high.
- Determining Essential Repairs and Estimated Cost.
A second-hand property may appear to be in its prime condition at first glance. But there may be many minor repairs hiding beneath the prime surface.
Many-a-times, a cheap and straightforward-looking repair leads to a chain of repairs that may cost a small fortune.
An inspector will determine the extent of necessary repairs and the cost of it. They are saving you from unexpected expenses.
- Know if the property is truly safe.
You need your property to be safe for use. The inspector shows you how secure the building is before you move in.
You need to check whether the property is free of substances such as asbestos, mold, mildew, cracks in the walls, etc. The inspector will also determine other danger points which you may miss.
Knowing in detail about the safety issues could map out the work you need to put in; it may also shape your decision to purchase the property.
- Is the Building Fire Proof?
No construction is 100% fireproof, but certain factors make the structure easily susceptible.
Faulty electrical wiring, malfunctioning smoke detectors, etc., are the reasons for house fires.
The inspector will tell you whether your property needs any extra protection to prevent accidental fires.
- Inspectors Insights.
There is nothing more valuable than a professional’s views on a property. Along with the building, the sundry structures like the patio, sheds, etc., need inspection too.
The inspector will tell you about the condition of these extra structures and if they follow the local norms.
A Building Handover Inspection by Site Inspection will benefit you in the long run.
Remember, do not bypass a Pre-Purchase Building Inspection. You will risk your most significant investment!