Purchasing a house is an exciting moment in your client’s life, but it also comes with a flood of information, some of which can be overwhelming. Some people are aware that a building inspection is a crucial element of the decision-making process in a real estate purchase. But they are unsure what a building inspection report will tell them. Understanding the scope of a Property inspection is vital since the building inspection report might contain critical information regarding the structural integrity of the building you are thinking about buying or your client is buying.
What exactly is a pre-purchase inspection report?
Before purchasing a property, you may do a variety of research on it.
A pest inspection looks for signs of an infestation, most commonly termites or termite damage.
A Property inspection will assess the state of the home you are contemplating purchasing and inspect the roof, flooring, walls, plumbing, and electrical wiring for damage, wear, cracks, or rising moisture.
A Strata inspection will analyze the finances and records of the Owners Corporation that oversees the property to alert you to problems in the building or the potential for future difficulties when acquiring a strata condo or townhouse. Additional examinations, including an asbestos check, may be necessary depending on the age and kind of property.
What does a building inspector look?
The diversity of complicated regions, faults, degradation, or injuries might vary substantially depending on the property’s age. Building inspectors will look for the following:
Problems with structure
A structure having structural flaws in its roof, walls, floors, or foundation carries the risk of disintegrating and hurting everyone in the vicinity of the building.
It will involve identifying asbestos, mold, free balustrades, gasoline leaks, water damage, or other hazardous elements.
Concerns with wiring and electricity
Wiring and electrical issues are critical since faulty wiring is one of the leading causes of building fires. Another thing inspectors look for is whether or not a building has an adequate number of working smoke alarms to detect smoke inside the event of a fire.
Typical wear and tear
These flaws are more common in older or poorly constructed homes. And are usually revealed in a pre-purchase inspection while potential buyers how much they may have to invest money into improvements.
Here’s What a Building Inspection Report Won’t Tell You
It’s no secret that a building inspection may save your clients money on costly repairs and structural changes. While a building inspection report covers the fundamentals of electrical, plumbing, and structural integrity, there are some things that a standard pre-sale inspection does not.
Your building inspection report does not recommend that you buy the property. It offers all the information you need to make an informed choice, but there is no pass or fail grade in the building control reports.
Termites may cause thousands of dollars in damage to structures in a short amount of time. A termite check is necessary, although it is not with most basic building inspections. If your customer is concerned about the harm termites may have caused the structure, they will want a termite examination.