At first glance, the property you are looking at purchasing may appear in excellent condition. The truth of the matter is, there could be a number of underlying issues which you cannot see, which could impact your buying decision. When searching for a new home to buy, it’s vital to have a pre-purchase building inspection completed in order to examine the building beyond its aesthetic appearance. Having a pre-purchase building inspection conducted can save you a significant amount of money and future headaches. Here’s how.
HOMES CAN BE DECEIVING
On your initial inspection of the home or property you’re looking at purchasing, it may appear fault free. Sometimes a fresh coat of paint, or a beautifully decorated home can conceal a multitude of flaws. There may be structural defects that you cannot see which could cause significant long-term damage and cause thousands of dollars to fix. By seeking out the assistance of a building inspector, you can obtain an educated opinion and a verified report to see the true condition of the home.
ABILITY TO NEGOTIATE PRICE
Once you have had a pre-purchase building inspection conducted on the home you are considering buying, you are then able to negotiate a better price with the vendor. Your inspection report will identify things such as any potential electrical faults, cracks, structural damage or if the home poses the risk of termites. This means you can evaluate how much all the faults will cost to fix and put it forward to the vendor for a reduced price.
AVOID SAFETY ISSUES
Without obtaining a pre-purchase inspection report prior to buying a home, you are unable to determine if the home poses the risk of potential safety hazards. In the unfortunate event that you or a family member were to fall ill as a result of a safety concern within the home, you could be faced with numerous costly medical bills. The report will provide you with peace of mind and you know you’ll be guaranteeing the safety of your family. Save yourself from not only significant financial debt, but from future health burdens.
IDENTIFY ISSUES BEFORE SIGNING CONTRACT
It’s so crucial to identify any issues the home may have before signing any contracts. Without having a pre-purchase building inspection conducted beforehand, you have a limited understanding of the true condition of the home and could find yourself locked into the contract with unwanted surprises lurking around the corner. Don’t fall into the trap of purchasing a property which could severely impact your financial situation later down the track.
HAVE AN UNDERSTANDING OF WHAT YOUR INSURANCE WILL COVER
The findings presented to you from a pre-purchase building inspection will help you to evaluate what your insurance company will cover and whether or not you need to alter your policy. Not all insurance companies will provide you with adequate cover for the issues found within your report, so the having your inspection conducted prior will truly save you from future headaches.
As exciting as it can be searching for a new home, it’s important to make well informed decisions and obtain the right advice from experts. Having a pre-purchase building inspection conducted on the home you are wanting to purchase should be a top priority and will save you from future headaches. Eliminate unnecessary costs and have a greater understanding of the true value of the property. For a pre-purchase building inspection Adelaide, speak to the expert team at House Inspect Australia today on 1800 442 878.