Inspections can often be pivotal.
For many people, buying property will be the biggest purchase they will make in their entire lives. Strange to think that some people will spend tens of thousands, even hundreds of thousands of dollar on a home and don’t make sure they know exactly what condition it’s in.
That knowledge is essential.
Not the least because it’s a standard clause in contracts to state that the seller (or vendor) is only responsible for making sure you get the property in the same condition as when you signed the contract.
The Importance of Building Inspections
Here are some of the things pre-purchase building inspections can help you avoid.
Weak Structural Integrity
This is often the first thing people think of when it comes to getting their homes and other buildings inspected and with good reason. The knowledge that the building is structurally sound is huge.
Few people would want to spend time in a place where it felt like the floors could give out on them or the ceiling would cave in.
Unfortunately, places don’t always look like rotting shacks before part of the roof caves in. Big problems usually come from small problems compounding together over time.
On the bright side, an inspection report will let you know whether or not that crack in the wall is actually harmless. It will tell you the story behind the water spot in the ceiling. It will let you know whether or not the construction was done to proper standard.
Also, the best time to be aware of a termite infestation is before you buy.
Faulty Electrical or HVAC Systems
During a pre-purchase inspection, it is vital that the inspector examine your electrical system and your heating, ventilation and air conditioning systems.
Do you recall the clause in most contracts that states that whatever form the building was in when you made the purchase is how the seller has to get it to you?
If the central heating system wasn’t working or there was something faulty with the electrical system in the home when you signed that contract, the problem becomes 100% yours to deal with.
An inspector will ensure both that the systems are working properly and that they are affixed with the proper safety switches where applicable.
Bad Plumbing and Fire Proofing
This could fairly be read as ‘waterproofing’ and fireproofing. Water and fire are two of the most damaging elements that can inflict harm on a home.
The lifespan of a building can often be determined by how well built and maintained its water systems are. Water is another one of those things that typically becomes a huge problem, rapidly, due to a number of small problems left unattended over time.
The inspector can spend time examining both an overhead tank and a simple faucet to keep an eye out for rust, corrosion, and cracks. They will also alert you to any dangerous molds and other hazardous situations.
For the ‘fireproofing’ the situation is more about ensuring that everything is in accordance with the standards of your local civic authority. As dangerous as fire is, making sure things are up to code goes a long way in keeping damage to a minimum.
When people think of getting an inspection, what most often comes to mind is examining the building itself. However, the surroundings of the building should be examined just as closely.
Patios and such are important, yes. However, a good inspector will make sure to inspect any fencing for soundness, termites and damp areas.
They will inspect driveways and pathways for damage. They will check garages and sheds to ensure they’re in the proper condition.
They should even look for issues with water drainage. Flooding or underground water retention can cause rising damp on the walls.
Going Over Budget
One of the most important aspects pre-purchase building inspections can help you with is staying on your target budget.
If you buy a house with a particular budget and find that there were repairs you weren’t expecting to make just a few months later, that suddenly makes the home more expensive than you had originally intended. Expense creep of this kind makes it easy to go over budget.
In addition, with your inspection report in hand, you’re aware of all of the issues with the building that you (or perhaps your agent) weren’t before. That makes you fully justified in asking for a lower price, or in finding another location altogether.
To ensure that you make a secure purchase on your properties, be sure to consider pre-purchase inspections in your plans. For more information on building inspectors in Victoria please click here. For information relating to other states please search online for information from the relevant Government authority.