CRANBOURNE BUILDING INSPECTIONS
No matter if you are buying, selling, or renting a home, getting a building inspection is one of the best investments you can make. A Cranbourne building inspections report reveals whether there are any issues with the house such as dampness, termites, or anything else that needs fixing.
While a building inspection may seem like a somewhat expensive initial outlay, it can prove to be very beneficial, as it gives an insight into the condition of the property. People often make the mistake of not paying for a building inspection, which then becomes very expensive in future due to unforeseen issues and repairs.
Before signing any legal real estate contracts, it’s critical to have a building inspection undertaken on the property. If there is an issue discovered, there is an opportunity not to proceed with the purchase if costly repairs are required.
While unlikely, there is a possibility that the building has had illegal modifications, in much the same way a car has. If so, then you could end up being liable. This often occurs with heritage listed buildings, with some City Councils or State Governments having the authority to request the building be reverted to its original condition – at your own expense.
Another scenario is that building works weren’t done in compliance with safety regulations and building codes and standards, which could lead to a death trap or accident waiting to happen. Carrying out building inspector melbourne inspections will help alleviate these concerns and allow you to make an informed decision in regards to the condition of the property in advance, and to also negotiate a property price reduction to factor in the cost of the repairs. You may also request that the terms of the sales agreement cover the repairs in the final price.
Without a cranbourne building inspections report, there is also the risk of making an unconditional offer on a property, only to find out that you are unable to take out insurance. The majority of banks require insurance as a condition of a loan agreement, and if an insurance company declines to offer insurance, then you run the risk of being out of pocket a significant amount for the deposit already paid. In the long run, a building inspection is one of the wisest investments you can make