When it comes to buying a property, every cent you can save matters. Purchasing a property is an expensive endeavour, with conveyancing costs, moving costs, not to mention any improvements you’d like to make once the property sale is finalised.
Would you buy a car without a roadworthy or mechanical check?
It’s the same premise when buying property. If you’re investing your hard-earned money you need to ensure you’re getting a good deal and there are no nasty surprises. You can do this by organising a pre-purchase building and pest inspection.
What is a pre-purchase building and pest inspection?
If you’re new to the property market you may not be familiar with pre-purchase building and pest inspections.
This inspection is normally performed once a seller accepts your offer and you have signed the contract. For auctions it’s a little different, you will need to organise the building and pest inspection before the auction is carried out.
During the inspection a professionally trained inspector will look over the property to identify any faults or defects. This could include any structural damage, timber pests on the property or safety hazards. An inspector may identify issues that aren’t visible to someone without building or pest inspection experience.
At Building and Pest Inspection Melbourne our detailed inspections include checks on the interior and exterior of the property, including:
- roof space/voids
- subfloor/underfloor spaces
- wet areas
- masonry walls
- roof exterior.
Included in the inspection is a full in-depth report on any issues related to the property. This includes checks for minor problems like leaking taps, to more serious issues like major structural damage or termite infestation.
How can a pre-purchase building and pest inspection save you money?
A pre-purchase building and pest inspection can help you avoid expenses related to treating pest infestation or fixing major structural problems. An inspection will give you peace of mind and may also give you the power to negotiate a lower purchase price.
If you complete an inspection before the contract is finalised and are made aware of the issues prior to settlement, you have the opportunity to either pull-out of the contract or negotiate a reduced price. This is especially important when major issues such as termite infestation or serious structural issues are identified.
Common problems identified in pre-purchase building and pest inspections
By organising a pre-purchase building and pest inspection you can save money in the long run by identifying issues which may cost you hundreds if not thousands of dollars.
Your inspector has an experienced eye to identify any essential repairs needed on the property they are inspecting. If you need to stick to a budget, it can be useful to know how much you will need to spend in order for these issues to be fixed.
This is one of the most important reasons to book a pre-purchase building and pest inspection. The inspector will report on any structural issues with the property, including sundries like patios, decks, sheds and pools.
While some structural damage is easy to repair, other damage may cause a huge problem and cost a fortune to fix. It’s good to have this knowledge prior to purchase so you can either reconsider the transaction or negotiate a reduced price.
Many buyers are caught out by electrical problems as they are often hidden from sight and hard to identify unless you’re a trained professional. Faulty wiring can be extremely expensive to repair, so checking for any electrical issues can save you a huge amount of money in the long run.
Identifying hazards isn’t just important to ensure the safety of anyone inhabiting the property, hazards such as asbestos can be expensive to remove and cost you thousands of dollars to remove.
Save thousands for a small inspection fee
If you weigh up the cost of a pre-purchase building and pest inspection against potential costs which may occur without an inspection, the answer is clear. It pays to safeguard yourself and book a pre-purchase inspection.
We perform building and pest inspections in Melbourne within 3 days, with a same-day report.
- $450* + gst for pre-auction building and pest inspection
- $500* + gst for pre-purchase building and pest inspection
*For up to 5 bedrooms. $90 + gst travel charge applies to suburbs more than 50km from the CBD.
Buying a property? Most contracts have a 3-day cooling off period, so it’s important to book your inspection once your offer has been accepted.