Hello! Welcome to my blog. My name is Col. I live in Perth and I have a passion for construction. I am pretty useless when it comes to construction work so I tend to leave it to the experts. However, I find that there is nothing more pleasing than seeing a team of construction workers complete a job. Over the years, I have hired many different types of construction worker and they have all taken the time to chat with me. During these conversations, I have learnt so pretty interesting things which I will be exploring on this blog. Enjoy!
The process of acquiring property is not just time-intensive, but it can also quite financially involving too. Thus, most potential homeowners will try their best to minimise their costs in an attempt to stay within their allocated budget. Nonetheless, a significant mistake that some individuals make is skimping over some critical steps under the assumption that they will not have a long-term effect on the property they are purchasing. But one step that should never be overlooked is a building inspection. Rather than looking at this procedure as an unnecessary expense, you should view it as an investment in the asset you are looking to buy. This article identifies three of the main reasons why you should never skip a building surveying inspection before a property purchase.
A building inspection prevents undue surprises
A major incentive to invest in a building inspection is to avoid coming across surprise problems with your property once you have closed the deal. What you may be surprised to find out that they do not exclusively cover structural faults. A thorough inspector will also examine your property for other risk factors such as pest infestations, radon contamination, carbon monoxide pollution and even mould infestations. Once the integrity of the building has been verified, you can be assured that you will be buying a viable property that is not wracked with hidden issues.
A building inspection facilitates price negotiation
Although most people will want their property to pass a building inspection, the likelihood is there will be a couple of issues that will be identified by your inspector. Nonetheless, this does not mean that the entire structure is a dud. If the structural problems can be addressed at a reasonable cost, you may want to use your inspection as leverage when negotiating the purchase price with the owner. In some cases, you may find that the seller is willing to engage in the house repairs before you close your deal, which would save you on costs. Alternatively, if the property owner is intent on a quick sale, you may find that you can have the asking price reduced and save yourself some money.
A building inspection outlines a timeframe for home improvements
When you decide to embark on house repairs on your own, your inspector can help you determine the timeframe for these projects. This insight gives you a better idea on when you will be able to occupy the space. Moreover, your inspector can also give you an estimate of the costs, which will help you financially prepare for the improvements.