Why a building inspection is a critical must
If you have found a home in Sydney that you feel is ideal for you and your family, you are probably eager to make an offer however; before you do, you should invest in a building inspection. While it may appear to be a tedious part of the home buying process, a building inspection is actually an asset.
Additionally, many financial institutions and most conveyancers and solicitors require you to have a building inspection performed on the property you are interested in buying.
Reasons why you should never skip a building inspection when buying a house in Sydney
1. Structural problems
Whenever you purchase a new property, it is important that the building is structurally sound for both safety reasons and costs. Severe structural problems can cause building collapses that could injure somebody, and there is always a possibility that a problem will need major construction to repair.
Additionally, every building in Australia, whether it be residential or commercial has to conform to the building Codes and Standards of Australia. If your property that does not, you are responsible for improving the building until it does, which could be very expensive.
Obtaining a pre-purchase building inspection from a good, local building inspector can help you sidestep buying a home with major problems and save you a lot of money and emotional stress.
2. Repair costs
You may find that your ideal home is on the market at a lower than average price because it needs some repairs. However, even if you know you will have to do some repairs, you should still hire a trusted building inspector to ensure there are no hidden problems. A building inspector will be able to tell you exactly what repairs are necessary in order to bring the building up to regulations, and to the condition you would like it to be in. Once you know this, you can talk to professional tradies for estimates and complete a budget for repairs.
3. Wiring and smoke alarms
Defective wiring can be a huge issue that could cause a fire or electrocution. Additionally, not having the right amount of smoke alarms fitted increases the risk of injury or death if a fire does occur. Your building inspector will check both the wiring and smoke alarms which helps to avoid injury or death related to bad wiring.
4. Ensuring the home is safe
When you buy a home for yourself and your family, you want to make sure it is safe and set for you to move in. A pre-purchase building inspection will disclose any unsafe areas in the home, including the presence of dangerous materials such as asbestos, loose or missing balustrades, and cracks in the walls. Knowing about these safety issues gives you the opportunity to decide whether you still want to purchase the home or not.
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