The real estate market is a lucrative one, involving quite a lot of money per transaction and accounting for a large percentage of investments being made annually. As such, it should not be surprising that there would be sellers taking advantage of the transactions to perform flaky and underhanded deals that would add more money than deserved into their coffers, at the expense of unwitting buyers. The Australian government counters this by establishing various standards homes on the market have to meet before being sold. Home buyers can inspect the house themselves, hire architects or engineers to do the inspection, or hire a professional building inspector to examine the house and make sure it is up to code.
Reasons for building inspection
When inspecting, there are parts of the house that should be prioritized. If the inspector (professional or otherwise) knows what he/she is doing, the analysis of the home itself would place priority on making sure a few systems are, depending on the value of the home, manageable. These places include; the roofing, the plumbing and electricity, the structural integrity, the ventilation system. After the inspection, a report would be drawn up and given to the buyer.
An inspection can be the difference between getting value for money paid, and wasting money on a property that is being held together by a thread. A lot of professionals have companies set up to handle building inspection Adelaide. Reasons to do an inspection before buying a house include
- It gives one an overall estimation of the state of the house and provides professional counsel on the next best course of action to take. If the house is in terrible condition, the inspection report would make sure to alert the buyer to the various derelictions and offer advice on either buying the house at a cheap price and focusing on repairs, or leaving the house alone altogether.
- It alerts the house buyer to potential structural defects that could later prove detrimental to the house and the people living inside. In some cases, termites would eat at the foundation or some other important, indispensable part of the house, and even the seller would not know the issues with it until it is checked by an inspector.
- Building inspectors can unearth and uncover deliberate attempts at hiding the defects of a house on the market by its seller. It is quite a common thing for seller to inflate the prices of their properties, way beyond the value that should be determined by the state of it. They then try to sell it off to unsuspecting buyers. An inspection can bring all hidden defects to light.
- Renovations might have been made on a house and a building inspection can identify these. It can also check if the renovations were done legally and according to regulations; also, if they have been properly documented and registered.
- Building inspections, in the case that it is done, plays a significant role in price negotiation. It gives both the buyer and the seller clear terms to build on and bounds within which prices should not be relaxed or exceeded.