If you are looking to purchase a new house or selling your property, you will probably require a pre-purchase or a pre-sale professional building inspection report. Both play an important part in negotiations around a property purchase. Pre-purchase inspections are important to find out as much as you can about the condition of a property, while pre-sale inspections help sellers build trust and ensure a smooth transaction.
In this article, we will look at why it is so important to get a comprehensive building inspection report before you purchase and move into a new home, or before you sell your house. Additionally, we will detail what should be included in a building inspection report, to help you ensure you are using the right inspector.
Advantages of a Pre-Purchase Building Inspection Report
A pre-purchase building inspection is a concisely put-together report, that is part of the procedure when the inspector or relevant authority undertakes a property, prior to someone purchasing it.
Buying a home is a huge investment, and unfortunately many buyers fail to do all their checks before making the purchase. If you want to make the most of your investment and you plan to live in the property for a while, it is important to make sure you invest in your building checks too. Always try to do this before you commit to buying a house. This website tells you everything you need to know about buying a house.
It may be a small up-front cost, but it will almost surely save you money in the long-term. You are better to invest in a professional and comprehensive report now that will help you identify any problems and deal with them as necessary.
There are many advantages of getting a detailed pre-purchase building inspection report. The main one is peace of mind. Often, there are defects in houses that cannot be seen. An inspection will cover everything from paint issues, through to major plumbing problems, flooring problems and structural concerns. The inspector will advise you about any areas of concern, and what you can do to fix them.
The main reasons why you should get a building inspection report done before you purchase a property are:
- You can diagnose and understand any issues that may impact your house
- You can use this information to negotiate a lower price for the house if there are issues that need addressing
- You can get advice on any major problems, and either fix them or at least understand how they will affect the house long-term
Especially if you are a first-time buyer, it is important to get reassurance from a professional that the property is in good condition
Advantages of a Pre-Sale Building Inspection Report
A pre-sale building inspection, similar to the pre-purchase report, is undertaken prior to a property being put on the market. More top tips on putting your property on the market can be found here: https://www.moneysavingexpert.com/mortgages/how-to-sell-a-house/
As a seller, it is equally important to get a comprehensive building inspection report. Firstly, having an inspection shows a buyer that you are being transparent and honest. If you identify any defects and clearly state these, it will show a potential buyer that you are not hiding anything. You will be more aware of the ins and outs of your property and therefore more able to answer any questions your potential buyers have.
Secondly, if you need to get anything fixed, you can get this done on your terms. It will make it a smoother transaction if these are addressed before the property even goes on the market.
Getting a comprehensive building inspection report will help prevent any disruptions, especially if you get your property inspected well in advance.
The main benefits are:
- Sellers can find out the condition of their property before anything kills a potential sale
- It will help you price your property accurately
- It will help the sale process go more smoothly, there is less likelihood for lots of negotiations if there are no major issues
When you get a building inspection, make sure you get an experienced professional. Conduct an online search for local services and read plenty of reviews. Remember, people do not have to write reviews so take what they say carefully. This will help you find the best service for a fair price.
What is Included in a Building Inspection Report?
For both pre-purchase and pre-sale inspections, there are several things the inspector looks for that are detailed in a report. These guidelines are common for every inspector.
Whether it is pre-purchase or pre-sale, the report should always cover:
The interior of the building – including water damage or damp, cracks and/or structural damage, evidence of pests, rust, or uneven floors, as well as the exterior of the building – including roofing, brickwork, or external rust. They will also look out for any general health and safety hazards.
The report is then put into a written account which you can keep to refer back to. If you are selling your property you might also like to provide a copy to potential buyers to show you are being transparent and honest.
The inspector should also be able to explain the issues verbally in a more detailed way. The format of the report, as well as the level of detail will vary greatly depending on the type of property and the process of the inspector or company.
At the end of the day, if you are putting your house on the market or looking to buy a property, it is a good idea to get a building inspection report. This will help you ensure the property in question is in the best condition, and ultimately ensure a smoother transaction. Look for experienced building surveying teams, such as castlebridge surveys for instance. Establishments such as these often offer a comprehensive inspection service to the public.
Investing money in a thorough inspection will help you save money in the long-term, preventing issues building up or going unseen. We hope the above information gives you some insight into when the need arises for hiring a professional building inspection in Auckland.