Why do we need Pre-Purchase Building and Pest Inspections?
Pre-Purchase Building and Pest Inspections are sometimes considered as unnecessary with some purchasers unable to justify the expense.
Costs involved with purchasing a property can be overwhelming. The initial purchase cost, stamp duty, legal fees, searches, valuations and the like quickly add up.
Average Pre-Purchase Building and Pest Inspections equate to around 0.15% of the initial purchase cost.
In many cases once a property sale settles, mortgage and associated expenses are finalised there will be limited money available to fund repairs of unforeseen damage and deterioration. Pre-Purchase Building and Pest Inspections are aimed at giving you the information you need to make an informed decision.
The expense involved with rectification work is, more often than not, many times the cost of new construction.
For owner/occupiers the trauma and inconvenience of living in a property while major rectification work is carried out can be significant.
For investment property purchasers the implications of having your investment property uninhabitable while repairs are undertaken can be extremely serious.
In some cases the only option is to leave the deterioration and damage unattended.
The long term effect of non-resolution of known issues can be emotionally and financially devastating.
No matter what type of property you are considering, old or new, undertaking a pre-purchase inspection will limit your exposure to the consequences of purchasing a property that has serious issues that are hidden to the untrained eye.
What type of inspection do I need?
Moreton Bay Building and Pest Inspections carry out a range of Pre-Purchase Building and Pest Inspections to the relevant Australian Standard that can be tailored to suit your requirements and budget.
- Building inspection
- Pest inspection
- Combined building and pest inspection
- Structural inspection
The most cost effective and informative inspection is the combined building and pest inspection. It is cost effective as only one inspector is required on site. This eliminates the travel time allowance for a second inspector if the building inspection is carried out separate from the pest inspection.
It is informative as the separate reports are generated on separate documents using the same simple, easy to read and understand format.
If you consider your property does not require both a building and pest inspection you can choose one or the other. A stand alone building inspection will take into account the building elements only and does not reference timber pests. Conversely a timber pest inspection will not take into account building elements and only considers attack from timber pests. This will reduce inspection costs by around 35 – 40%
You may choose to have only the structural elements of the property inspected. A structural inspection considers only the structural elements of the property and does not take into account timber pests or finishing elements of the structure. Once again this type of inspection will reduce costs significantly.
With 28 years of building and construction experience, the latest and most up to date training available, along with high quality instruments, equipment and data collection techniques you can be assured that an inspection carried out by Moreton Bay Building and Pest Inspections will provide you with the information you need in order to make sound decisions when purchasing your next property.