Reasons why you Need a Pre Purchase Property Inspection
Buying a house is always costly. That's why you might be tempted to save a few dollars and not get a pre purchase property inspection. However, there are many reasons why you need a pre purchase property inspection. In fact, for as low as $450 you could save not thousands of dollars in unplanned repairs. More importantly, you will also be making sure that you and your family are safe in your new home.
So what are the main reasons for getting a Pre Purchase Property Inspection?
Safety is the Number 1 priority for you and your family. That's why you need to make sure there is no bad electrical wiring. Not only can it be costly to fix bad electrical wiring, it is extremely dangerous. This is especially true if you are not aware that there is a problem.
In addition, in recent years there has been an increase in concern about combustible cladding used for both houses and apartments. There is a lot of work being done by the Victorian Building Authority to determine if apartment complexes 3 storeys or more are safe. However, not all buildings are being checked. For example if you are thinking of buying a two storey townhouse then the Victoria Building Authority will not check it. This means it is up to you to make sure any cladding is safe before you consider buying. The best way to do this is to have a pre purchase property inspection.
Is the House Structurally Sound?
The home you hope to purchase may look great but do you know if it is structurally sound? A house that is not structurally sound is at risk of collapse. It is both extremely difficult and expensive to repair structural issues. That's why you have to make sure the house meets Building Codes and Standards of Australia. A pre-purchase building inspection will ensure that the house is structurally sound.
Garages, Pergolas, Carports etc
It is easy to forget that it no only the main house you have to worry about when you are thinking of buying. If a garage, patio or any outdoor structure needs to be repaired or replaced then it can get costly. It is also important to remember that Council Regulations may mean that an outdoor building might need to be torn down if it does not comply. This means when you get a pre purchase property inspection you need to make sure it covers all buildings on the property.
When you are getting a pre purchase building report it is always recommended that you get a pest inspection at the same time. You only need 2mm for common timber pests (especially termites) to gain access to a property and cause damage. Worse still, it is unlikely your home insurance will cover the cost of repairing your home if you discover after purchase that you are infested with termites.
So it pays to get a pre purchase pest inspection that reports on all types of pests including termites, borers and fungal decay.
Other Safety Issues
To make sure your family will be safe when you move into your new home you need to be aware of any potentially dangerous issues. A pre purchase property inspection will let you know if there are any such issues. For example, it will let you know if there are issues with asbestos, mould, mildew, loose decking, missing balustrades.
From a low $450, a pre-purchase building inspection is a small price to pay for peace of mind when making such an important decision.