You’ve found it. This is it. This is the place you want! The right area to live, a beautiful home with the space you need, the place where your future belongs. You just feel it. You’ve been to the open house, had a look around, it’s perfect… isn’t it?
If you’re lucky you’ve had maybe a half hour at the open house, squeezing past other hopeful buyers all asking the same questions as you. Just how much can you check in half an hour? Do you even know what you are checking for? Let’s face it, you’re not going to see much at an open house that hasn’t been specifically tailored by the vendor and the selling agent to make you think “BUY ME!”. You won’t get much of a chance to check with so many people, so many distractions around you. It’s fair to assume you can miss things, and it’s unfortunately also fair to assume that many possible problems have been hidden, after all, the vendor does want to sell.
A pre-building inspection report from a qualified, experienced, and insured assessor can save you many problems down the track and can even help ensure that you are paying the right price for your home. Check out some of the reasons why a small investment in a Building Inspection Report can help you.
Finance Approval
If you’re applying for a mortgage, it’s not uncommon for lenders to ask for an independent Building Inspection Report. Sometimes a motivated vendor will undertake their own reports or use previous reports but given that ultimately a vendor wants the best possible report to get the best possible price for their property, it can pay to be wary. Using your own professional building inspector can help assure your lender that you are planning to purchase a quality property at the correct valuation that is unlikely to present significant extra financial challenge to you. Getting a loan approved can take time, but a Building Inspection Report can help expedite the process.
Market Value
Even with the prospect of rising interest rates, the housing market is as competitive as it has ever been for homebuyers and investors. A comprehensive Building Inspection report can uncover hidden damage, shoddy previous repairs as well as possible future issues. What might look like a home that is ready to move into, might be a “renovator’s delight” with a fresh coat of paint. You want to be sure you’re buying a home, not a few years of fine dining for termites. Any issues detected can be crucial in price negotiations and ensuring the value of your investment.
What does a Building Inspection look for?
According to the Australian Standard, a Building Inspection Report should provide detailed condition of the following areas:
- Interior of the building
- Exterior of the building
- Sub-Floor space
- Roof space
- Roof exterior
- The property within 30 metres of the building
From these points, it is possible to detect many critical issues, such as the structural integrity of your home, compliance with the Building Code Of Australia and local planning regulations, damage from pest infestation, water damage or ingress, mould, ventilation and drainage issues and the like. The report can recommend what action is required to remediate any issues detected, giving you a better idea of any future financial outlay, and giving you better foundation for negotiating a fair price.
Are all Building Inspections the same?
No, not all Building Inspection providers are the same. Some firms provide a very generic service that allows them to maximise the number of inspections they can carry out in a day. The reports are all formatted the same way and it’s fair to assume that speed does not necessarily equate with accuracy. Exceptional Building Inspections know that to provide the most accurate report with extra focus on the specific aspects of your property should take between 1 to 2 hours. Given that 35% of all properties are found to have some sort of defect, a building inspection report from Exceptional Building Inspections can give you the peace of mind and protection you need to commit to the home of your dreams. Your inspector has the qualifications, experience, and the insurance to give you the utmost confidence in his assessment.
Contact Exceptional Building Inspections Today
For Pre-Purchase Building Inspections and Reports, Timber Pest Inspections and Reports and many other types and classes of inspections, get in touch with Exceptional Building Inspections today. Servicing Newcastle, The Central Coast, Upper and Lower Hunter, Port Stephens and Lake Macquarie areas and offering a guaranteed 24-hour turnaround from inspection-to-report, their experience and expertise is here to help you. Call them on 02 4950 4197 or 0412 188 199, email at robert@ebi.net.au or simply use the contact form here.