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5 reasons a pre-purchase
building inspection is essential
It may seem one of the more tedious aspects of buying a home, but building
inspections are a godsend. It’s surprising how many people don’t think about
getting a pre-purchase building inspection or even contemplate forgoing
one for the sake of saving a few hundred dollars. Others believe skimping on
a building report will speed up the buying process, but as you’ll see below,
an inspection is essential for a number of key reasons.
1. Checking for structural issues
A structurally sound building is a must when you’re making a purchase because of safety issues
and cost concerns. Structural weaknesses can cause collapses that may injure a person, but
there’s also the possibility that the structural issue will be nearly impossible to repair without major
construction. Buildings must also conform to the Building Codes and Standards of Australia. If
you purchase a home or commercial building that does not conform to these standards, you will
be responsible for the cost of bringing the building up to code. Getting a pre-purchase building
inspection done can help you avoid purchasing a building with major structural issues – saving
you major financial and emotional heartache down the track.
2. Budgeting for repairs
You may feel it’s worthwhile to purchase a building that needs some repairs because it is
available for a discounted price, but going into the sale without an inspection could mean big
costs for hidden repair issues. If you opt for a pre-purchase building inspection, you know exactly
what needs to be done to bring the building up to where you’d like it to be. Inspections are a
cost saver and a life saver. Then you can look at hiring a professional to give estimates on the
repairs that need to be done to complete an accurate budget for repair costs. For renovations,
inspections are a cost saver and a life saver.