It takes seconds for a dream to turn into a nightmare.
You buy a property one day, the next day it can be not structurally sound and you end up with a huge bill.
There are other costs over and above the cost of the property.
If that is not what you want, here is what you can do.
Start by getting a building inspector, who can help you with the issues of the building inspected first. They can definitely help you sort any issues out and help you come to the right decision of whether to purchase a property or not.
What are the Areas Requiring Attention?
- Checking for Structural Issues
Any structurally sound building is a must if you are planning to make a purchase because of cost concerns and safety issues.
There are risks of collapses with structural damages that might injure a person, but there is definitely no possibility that this structural issue can never be repaired without some major construction. The buildings must also conform to the proper standards and codes of Australia.
Having a pre-purchase building inspection done will help you avoid purchase a building with any major structural issues – saving you major emotional and financial stress.
- Repairs
You may find it worthwhile to purchase a building which needs repairs, at a discounted price thinking you have scored a great deal. But is that really so? And how exactly do you analyze what will be the price of the repairs? Repair issues might bring in numerous other costs. Can pre-purchase building inspections help you determine this extra costs before you lay your hands on a building?
Professional building inspections do give a fair idea of the expenses. For renovations, inspections will be a life saver and cost saver.
- Wiring and Alarms
“Congratulations on your new house!”
(A few days later)
“Oh God! Is that smoke behind you?”
That is the cost you have to pay for faulty electrical wiring leading to electrocution or fire. Not having enough smoke alarms installed will increase the likelihood of death or injury in the event of a fire. To avoid such hazards, it is always best to invest in a building inspection.
- Identifying All Unsafe Hazards
When buying a home for your family, you will want to be sure that the home is completely safe for you to live in. The pre-purchase building inspection points out all such issues in the house. Objects deemed unsafe, the presence of asbestos, other unsafe materials, missing or loose balustrades and cracks in walls all fall in the list of unsafe hazards.
Once such hazards are uncovered can you be sure that you are willing to put in the efforts to get the house redone or making the home safe.
- Evaluating Sundry Structures
Even if you find the building to be structurally sound, there still are other parts of the property where you’ll need the keen eye of a building inspector. Sundry structures, including those of patios and shades, might also show signs of faultiness. In fact, these also must meet all local council regulations.
There is no point risking your biggest investment. The last thing you want to do with a new property is spend more money to get it fixed and eventually end up in a loss. When making a purchase, it is best to be sure rather than unsure of what you are getting into.