*this article was previously published in the November Midland Express
Buying a home or investment property is likely to be one of the biggest investments most of us will ever make.
We all want to know as much as we can about the condition of the property before we buy, right? We want to avoid problems and extra costs down the track, ensuring that the home or investment is fit for purpose and of sound value.
So why is it that many people agree to purchase without getting a pre-purchase property inspection report?
Building and pest inspections can help safeguard property buyers against investing in fault-ridden properties, as the reports reveal any hidden problems a property may have.
A pre-purchase property inspection building report is a written account of the condition of a property. It will tell you about any significant building defects or problems such as rising damp, movement in the walls (cracking), safety hazards or a faulty roof to name a few. It is usually carried out before you exchange sale contracts so you can identify any problems.
While a building inspection report should identify any visual damage that may have been caused by termites, it usually won’t include the existence of termites or other timber destroying pests. It is advisable to get a separate pest inspection report to ensure you are not buying something riddled with pests.
Here are a two key reasons to get a Build and Pest report before you buy:
- so you will know in advance what the problems are
- so you can get specialist advice about any major problems and how they will affect the property over time.
Of course, the building inspection report will be one of many things you will need to consider before buying a property. It is a small cost for a lot of peace of mind.