The purpose of getting building and pest inspections for a property before buying is to identify structural, safety, and health hazards. This report should also cover pest infestations that may not be immediately visible. This allows potential buyers to make an informed decision about the purchase and to negotiate a fair price.
While building and pest inspections are expected to point out most of a property’s issues, reports that completely overlook major concerns are certainly not unheard of. But what do you do if the inspection report you’ve received isn’t shaping up the way you’d like it to be?
Here are three things you can do if there are issues with the initial building and pest inspection you received.
1. Bring in a More Qualified Building Inspection Service
When researching potential contractors, you must ensure that they are licensed, insured, and experienced in the type of project you are planning. Ask for references and check the contractor’s past work to ensure you get the best possible service. Additionally, make sure to get a detailed estimate of the work that will be done, including any materials and labour costs.
While contractors offering this service are a dime a dozen, bringing in someone from a company you have had previous experience with is ideal. If it’s your first time, go with a reputable building & pest inspection in Balmoral, such as Trimax Building Inspections. They can provide you with a detailed report on the property’s condition, including any potential issues that may need to be addressed. This can help determine whether the repairs are within your budget or too costly.
2. Do Your Own Due Diligence
Having a good contractor is a good step. But as a property buyer, you should also do your own due diligence. Research the property itself. Make sure to check out the area, the history of the property, and any potential issues that may arise during the purchase. Look into any zoning laws that may affect the property, and research any local ordinances or regulations that may be applicable.
You should also review the inspection report and see the property yourself. Look for anything your contractor may have missed to ensure you get the whole picture possible.
3. Calculate the Cost of Repairs
Once an inspection is complete, it’s essential to create a hypothetical plan of action to address any problems found. Start by listing the issues that need to be addressed, and then prioritize which ones need to be fixed first.
Next, you’ll need to create a budget for the repairs and maintenance that need to be done. This will help you estimate how much money will be needed to allocate for each repair and how much time you’ll need to complete the work. Accounting for these factors in your price negotiation will also help you get a fairer deal.
Conclusion
A building and pest inspection of a property before buying is used to identify any potential structural, safety, health or pest issues, allowing the buyer to make an informed decision and negotiate a fair price. If the building and pest inspection report you’ve received doesn’t cover all the property concerns, you should contact the inspector and ask for a more in-depth report. If the inspector refuses, you can contact the relevant local government authority to lodge a complaint.
A thorough building inspection is a vital and necessary step in purchasing a property for investment. Trimax Building Inspections provides the most comprehensive building inspection in Balmoral. Contact us today to get started.