Building Pest Inspections are an important part of the pre puchase building inspection process as the process will identify if the property has any defects with termite infestations as well as any building defects.
There is the cost of removing the termites, and there is also the future cost, Homes can lose value if termites are found.
BUILDING PEST INSPECTIONS
When you do sell your home, it could cost you at least $50,000 in the resale value. Potentially, people may lose all interest in buying your home, which means you’re stuck with a home that you can’t sell that will end up costing you money.
This said, with property prices the way they are in Melbourne, the impact may be mitigated when you conduct a building and pest inspection report
When you’re purchasing a home in Melbourne, or anywhere else for that matter, it’s important that you do your due diligence before signing any agreement.
Buying a property is a lengthy process and can take several months, if not years because of the magnitude of the decision that you will be making. The first step is to obtain your finance and work out your budget.
Then you’ll need to start searching for a property, and once you find properties you like, attend the open for inspections/open homes.
There are other steps in the property purchase process that you will need to take as well. One of these is getting a house inspection.
An older home can come with issues that have arisen from aging, dilapidation and degradation
. Building Pest Inspections in Melbourne is essential as there are in fact a large amount of older homes regularly on the market.
A building inspection will let you know the faults prior to signing any documentation. This protects you should there be something wrong with it.
If you bought a home without getting a building and pest inspection done, you could find yourself losing a lot of money if you were to later find out there were defects.
If this was the case, then you, not the vendor would be liable because you wouldn’t have conducted the relevant checks.
That could cost you thousands of dollars, and that would assume the issue was minor.
Let’s say the issue major and you wanted to back out of the sale, but had made an unconditional offer, you would have no legal recourse if you hadn’t had a home inspection done.
So, if you found that you didn’t want to proceed with the sale you could lose the deposit plus any legal fees or finance approval fees.
Building and Pest Inspection may be a cost that you don’t want to fork out for, but considering you’re spending hundreds of thousands of dollars, if not millions of dollars, it’s much better to spend a couple of thousand dollars getting the property checked over by an independent builder, so you know exactly what you’re getting.