It means the world to you to invest in a new house. It is undeniably the most expensive investment you will ever make in your entire life. In short, you have no room to make any mistakes like choosing a deteriorated or dilapidated property. Thus, be sure to hire a qualified professional to perform a pre-purchase building inspection before you make any offer in the purchase of a new house.
Providing a standard property report is the expertise of building inspectors. Apart from following specific guidelines, they also precisely know what to look for and how it can impact your future property. Plus, they may be able to give you an indication of the property could sustain a second storey in the future if you are interested in adding one.
Additionally, to ensure that no hidden nasties are under those polished floorboards, you can also seek for a separate pest inspection report. Smart and savvy home buyers opt to pay for a building inspection, and here are the prominent reasons why.
It is only natural to get carried away when you first look at a prospect property. You may immediately think which room you will use as a study room and whether if the kitchen cupboards already need some modern overhaul. Those little details that can easily lose the untrained eye are what a building inspector fully understands.
Roofing issues, plumbing leaks and structural problems are certain components that you will fail to see if you don’t have the qualifications. In a standard walk-through, these are all issues that can be overlooked. Since you are making one of the biggest financial investments of your life, it is only necessary to ensure that all those issues don’t exist.
Moreover, the report that a building inspection provides can highlight significant repairs or costs that may be necessary for the future. It may also impact your decision on whether to purchase the property or not if it requires plenty of repairs.
Also, if you insist on buying the property, you can plan for the costs of getting the house restumped in a couple of years, or that the energy rating that may triple your electricity bills. You can also consider those when working out on how much money you will need to borrow.
Its ability to potentially increase your negotiating power is one of the advantages of a building inspection report. If the house is passed in on your bid, you can pull it out as a bargaining chip although you can’t use this at auction.
Keep in mind that one that can help you decide if the property is worthy of purchase is the information you will obtain from the inspection report. You likewise will use that inspection report to negotiate a better price for the property.