A guide to buying a home or an investment propery'

Conduct Building Inspection

Whilst the contracts are being prepared, you may want to have several property inspectors check the property you intend to buy to provide you with a detailed report of the property. Your solicitor or real estate agent will be able to refer you to professionals who can do these property inspections.

They will likely cost you from $350 to $600. Don’t skip the inspections because you’re worried about the cost. In the long run, the inspections may save you a lot of money. Ensure that the companies you choose are fully licensed and insured. 

If you discover problems with the property (e.g. rising damp, white ants, sinking foundations) and you are still interested in buying the property you can ask for a reduced price, or ask that the problems be rectified. Alternatively, you may decide not to purchase the property because of the extra cost of fixing the problems.

Building inspection

A qualified building inspector will check the interior and exterior of the building, including the roof, sub-floor (if accessible), fences and garages. Some of the things he/she will be looking for are:

•               Cracks in interior and exterior walls

•               Structural defects

•               Presence of asbestos

•               Electrical or plumbing faults

•               Ventilation, damp

•               Drainage problems

•               Conditions of windows, carpets, walls, fittings etc.

But remember that a building inspector, no matter how good they are, won’t find all the potential faults with a property – especially if they cannot access certain areas.

Email by clicking here to confirm your building inspection

or call Sepp on M:0424480686 . W: 08 97552909