Do We Need To Do A Pre-Purchase Inspection?

Pre-Purchase Inspection Reports

What is a pre-purchase property inspection report?

A building inspection is just one check you can get done before buying a property.

Sometimes referred to as a ‘standard property report’, a pre–purchase property inspection report (subsequently referred to as a ‘building inspection report’) is a written account of the property’s condition. It will include any significant building defects or problems such as rising damp,

movement in the walls (cracking), safety hazards or a faulty roof. It is usually carried out before you exchange sale contracts so you can identify problems which, if left unchecked, could prove costly to repair.

 

Note: A building inspection report is different to a ‘pest inspection report’.

While a building inspection report should identify any visual damage that may have been caused by termites, it usually won’t include termites or other timber destroying pests. You may choose to get a separate pest inspection report done before you buy a property.

Benefits of getting a building inspection report done before buying a property are:

  • Knowing in advance what the problems are
  • Using the information to negotiate a lower price for the property ie. You may have to pay to repair some of the problems
  • Gaining specialist advice about any major problems and how they will affect the property over time.

Why do I need a building inspection report?

See this handy link for more information.

 

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