Building Inspections and our homes!
For most of us, our home is possibly the most valuable asset we will ever own. It’s essential to take precautions to ensure you’re buying a property in top condition, free from any costly surprises that could derail your dream. At FirstPoint Mortgage Brokers, we understand how vital it is to make informed decisions during home-buying, including arranging a pre-purchase pest and building inspection.
Even the most attractive homes can hide unwanted surprises, and it’s not always easy to spot a problem property. A professional inspection can reveal structural defects or pest infestations, helping you avoid unplanned repair bills and protecting your dream home from becoming a costly nightmare.
What Does a Pest and Building Inspection Involve?
A pre-purchase building inspection involves a qualified expert, such as a licensed builder, physically inspecting the property to identify severe defects, such as faulty footings or rising dampness.
For a small extra fee, you can also add a pest inspection. This service can uncover signs of destructive pests like termites or borers.
According to industry experts, common issues flagged in reports include:
- Active termite infestations
- Construction faults
- Plumbing and electrical wiring need replacement for safety reasons.Â
- Pest and Mold
These are precisely the types of costly problems that we encourage our clients to look out for before committing to a property.
How Much Does a Pest and Building Inspection Cost?
We know that buying a home comes with many upfront costs, but a pest and building inspection is one expense worth prioritising.
On average:
- A building inspection costs between $200-$500, depending on the property size.
- Adding a pest inspection typically costs an additional $100-$150.Â
At FirstPoint Mortgage Brokers, we help our clients budget for these essential expenses, ensuring they’re prepared and equipped to make smart property decisions.
What If the Inspection Report Is Negative?
A poor pest or building inspection report doesn’t always mean you need to walk away from a property.
Here’s what you can do:
- Negotiate a Lower Price: Use the report to justify a reduced offer that reflects the cost of necessary repairs.
- Gather Quotes: Before making an offer, obtain quotes for the repairs and factor these costs into your decision.
- Reassess Your Options: Starting with a new search may be wise if the risks outweigh the rewards.
At FirstPoint Mortgage Brokers, we can guide you through these discussions and help you determine the right course of action based on your budget and goals.
Talk to Us for Tailored Guidance
Making informed decisions is crucial when purchasing a home. A pre-purchase pest and building inspection can help ensure your investment is sound. At FirstPoint Mortgage Brokers, we’re here to provide tailored advice every step of the way.
From securing the right financing to navigating pre-purchase checks, our expert team is ready to help you buy a quality property, not a bricks-and-mortar lemon.
Contact us today to discuss your home-buying plans and ensure you’re fully prepared for every step of the journey.
Frequently Asked Questions
Why should home investors conduct building inspections?
Home investors should schedule building inspections to avoid costly repairs, ensure structural integrity, and negotiate better purchase terms based on the property’s condition.
How do you make choices based on the inspection report findings?
Upon receiving a property inspection report, discerning homeowners and business proprietors methodically evaluate the findings. Prioritise urgent repairs, budget for fixes, and negotiate potential price adjustments or repairs with sellers or contractors.
