If you are planning to buy a building or any similar property it is better to get it inspected because unlike machinery which has the backing of manufacturer’s warranty, there is no post-purchase protection for buyers of property.
For protecting their interests, buyers prefer to conduct an exercise in due diligence of the property by a licensed building and pest inspector. The inspector charges a small fee which is worth paying considering the worth of transaction.
The inspection reveals so much about the building health and other parameters that define quality that buyers get complete peace of mind when deciding whether to invest. The benefits of inspection are so many that no buyer would mind engaging an inspector by paying a paltry sum of money.
Building Inspection Before Buying
Keep reading to know what the building inspection reveals and how it makes decision making easy when buying property.
Building Health Assessment
Sellers are at an advantage when selling a built-up property because it is easy for them to give a makeover and conceal the defects of the property to fool buyers. This is where the expertise of building inspectors come into play and buyers can use it to their advantage.
Inspectors are trained to remove the veil of concealment and assess the actual health of the property as they can look through the gloss and shine to determine the real worth of the property. They have trained eyes and know special assessment techniques for assessing the actual condition of the building which is like the health report of humans. Inspectors examine the building thoroughly, from the design to the structural integrity and the quality of construction.
They check closely every aspect that contributes to the health of the building. The inspector’s report is a defining document that helps to ascertain the real price of the property.
Work Out the Total Cost
The price of the property is just one of the many expenses that buyers must bear and this you must keep in mind. Any transaction of property involves many commercial and legal processes that cost some good sum of money in addition to the inspection charges.
There might be other expenses added to it which can arise if there are some defects or damages identified during the inspection that need repair before or after buying the property. The nature of work determines the cost involved. Buyers must include all such expenses in addition to the property price to create a budget.
Ongoing Constructions Included
Although people usually link building inspection with ready to walk in buildings, old or new, the scope of inspection can also cover property that is under construction. This is especially applicable for construction of your own house that the licensed building and pest inspector can help with by assessing the quality of materials and workmanship at every stage of construction. It helps to monitor the work progress while keeping a check on the quality of construction that assures better ROI.
Most importantly, building inspection ensures that the property or building complies with the building rules and safe for buying.