Are Building Inspectors Worth It?
Before buying a home, you might be thinking about whether to hire a building inspector to check the property for defects and unseen damage. Whilst it isn’t compulsory to have a property inspected, it can provide you with further clarity about the longevity and maintenance of your future home and provide you with the reassurance you need to put down that initial deposit.
- For buyers who may not know what questions to ask or what to look for when buying a property (especially first-time buyers), a building inspector can assist by identifying any current and possible defects in advance.
- Being aware of existing problems as a buyer can lead to negotiations with the seller to cover the cost of upkeep and repair.
- Receive expert guidance on how major problems can affect the property over time. With reference to the Building Act 1993 and current regulations, the building inspector will provide you with a report, outlining the property’s overall condition and identifying any structural damages. Some reports may even list possible solutions on how to tackle issues.
- Both the interior and exterior of a property will be assessed, providing an in-depth checklist on those details you may have forgotten to check (e.g., potential asbestos and pest control).
The major con of hiring a building inspector comes down to cost, especially if you don’t end up purchasing the home. It’s also important to be cautious of inspectors offering cheaper rates as they may not have the appropriate qualifications, equipment, or knowledge to provide you with a thorough report.
However, the small amount you’d pay for an inspection certainly wouldn’t compare to the price of buying the house and can provide you with the reassurance you need.
Tips to find the right building inspector:
- Ask about their experience and qualifications to ensure they are knowledgeable of the Australian Standards and building codes.
- Ask about insurance. It is integral to ask whether the building inspector is insured, otherwise if something goes wrong on the day of inspection, you may be responsible for costs.
- Ask what will feature in the final inspection report.
Categories: Buy, Uncategorized