As a protection for homebuyers in the Sydney area who hope to avoid unforeseen repairs and expenses down the road after a sale has finalized, a pre-purchase building and pest is warranted.
As the intended occupant it is your right to have full disclosure of the condition of the property. Sellers are not always completely forthright with pertinent information or might not be aware of the extent of faults associated with their home.
Aside from the standard personal inspection you will perform during your walk through with your realtor, you need to arrange for a reputable, reliable, and qualified property and pest inspection to help you make an informed decision. For the fundamentals of building and pest inspections go to https://www.yourinvestmentpropertymag.com.au/property-tips/buyer-beware-understanding-building-and-pest-inspections-79667.aspx .
Ultimately, this report will be beneficial to the seller as well, particularly if you cancel the sale. It will give them knowledge as to what improvements they need to make for a greater chance of a sale at perhaps a higher price point.
** What Should You Be Looking for With Your Personal Inspection?
When given the opportunity to walk through a house that you might want to place a bid on, you have a small-time frame to do your inspections, generally less than an hour. The idea is to make the most out of this limited period by checking the most important components in the home. Some of these include:
- Windows/doors: Ensure these open and close seamlessly without catching in their frames.
- Mold/Damp: Check walls, skirting boards, and ceilings for any signs of dampness or mold and take precaution for paint being used as a way to disguise mold.
- Sags/Buckles: If the walls are ‘buckling’ or the ceiling sags, this is an indication of a problem that needs to be investigated further.
- Carpeting: If there is carpeting throughout the home, take it up to see if there is moisture or floorboards that are rotting.
- Faucets: Look for drips/leaks and turn the tap on to determine the length of time before the water gets hot.
- Toilet: Always flush toilets to look for cistern running.
- Pipes: Check under the sinks for the plumbing giving it a tug to see how sturdy it is. You also want to take note of any damages or corrosion.
- Electricity: Test all the light switches and check the fuse box to assess the age of the circuitry. You need to look for a “Earth Leakage Safety Switch.”
- Exterior: Investigate foundation for defects, cracks, damages.
A few things people miss on personal inspections is listening to the sounds in the surrounding area to determine the noise level and noting any significant odors from any nearby businesses. These are things you’ll need to live with constantly, so you need to decide if that’s a possibility.
** What’s In A Pre-Purchase Building Inspection Report?
A building inspection will only provide you with information pertaining to faults ‘visible’ when the inspection takes place. The type of property and age will have an influence when determining the extent. A qualified expert will give valuable feedback but these reports typically don’t include:
- Areas of the home that were not accessible and could not be inspected.
- Elements that are deemed outside the inspector’s specialty.
- A quote relating to the cost for repairing reported flaws.
For “minor defects,” many consultants require a “special-purpose” property report if you would like notes on these findings. The reasons behind this is that most homes will fall into this category comprising various ‘blemishes’ like weathering, generalized deterioration, physical damages to finishes or materials, corrosion, uneven surfaces, cracking, etc.
The inspector’s result will include significant faults such as wall movement, rising damp, safety hazards, or a problem roof. A qualified reputable consultant will be able to spot any attempts to use cosmetics to cover defects when viewed under normal conditions would not be suspect.
** What Is A Pre-Purchase Pest Inspection Report?
Often these are do not cohesively with the building inspection but can also be done as a separate inspection. It is an assessment to determine whether the property is sound and free from timber pests (termites) or potentially at risk
These pests are prevalent and cause extensive structural damage to homes in walls, roof frames, and floorboards. Studies show that an average home can be destroyed by a nasty infestation in minimal time. Standard home insurance will not cover a home that has termite-damage leaving the entire cost to resolve the issue to the homeowner.
It’s vital to obtain a pest inspection before buying any property whether it be residential or commercial. Things the inspector will include in the findings include:
- Construction material implemented in building the structure.
- Visual termite activity.
- Spaces designated to be at-risk for infestation.
- The extent of current damages and where these areas are.
All building and pest inspections should be performed following the “Australian Standard.” As a rule, when a thorough inspection takes place, the consultant should be on the property for no less than two hours for a thorough assessment.
Someone who claims to finish an inspection in a significantly short period of time has not done an adequate job. Their services should be questioned, and a new inspection should take place.
Before you sign a final contract of sale, there are ample opportunities to educate on considerable defects associated with the home you have found in Sydney. Unfortunately, it is your responsibility to research inspectors to ensure you employ the services of a high-quality, reputable, and experienced representative.
Sadly, people have been exposed to subpar consultants with financially devastating results. Read about homebuyers who became victims with this link.
You can check the professionals’ websites to view testimonials and reviews from previous clients and ask friends, family, or coworkers for references from experts they have worked with when purchasing their homes. Another knowledgeable resource is your realtor. A real estate agent always has reputable resources in the industry to recommend.
Remember, one of the most reliable sources we have is instinct. When performing the personal inspection, it will strike as you go through the various components of the assessment. It’s wise to pay attention to that little voice. It is not often wrong.