Pre-purchase inspections are a common, and necessary, part of the property settlement process.
They’re designed to check specific aspects of a home and show you exactly what you’re buying – very useful in uncovering nasty surprises like extensions that aren’t council approved!
Here’s 6 types of inspections buyers often choose to include on the Offer and Acceptance:
A structural inspection examines those elements of the home that might affect the structural integrity of the property. A structural report usually ignores maintenance items such as flaking paintwork and leaking gutters.
Maintenance inspections cover those items that require ongoing attention. They might include loose fittings, gutters that require replacement and paintwork that might soon require a touch-up.
These usually comment on the serviceability of the wiring, power points and light fittings. Because it’s hidden from view, faulty wiring is easy to overlook – so an electrical inspection is a wise investment.
As with electrical appliances, plumbing is often hidden and can produce some nasty surprises! Unlike wiring, though, plumbing is harder to test and detect any potential problems. That said, a qualified plumber will be able to tell you how old the plumbing is and how long you could expect it to last.
5. Comprehensive building
These reports contain observations about both structural and maintenance elements. In some cases the company providing the report will have access to qualified plumbers and electricians and therefore can include these aspects on their report. These reports are popular with homebuyers because they take less time to organise and arrange.
6. Timber pest
Each year termites cause millions of dollars worth of damage to homes across Australia. And they’re not alone in their quest to destroy! Other pests are also at work attempting to destroy foundations, roof timbers and bathroom cabinets. Most timber pest inspections today also include a visual check for termites, wood decay fungi, and wood borers.
Keep in mind that timber pest inspections can only be made on what is visible. For areas that are out of sight, such as sub-floor areas, trapdoors may need to be cut and this could be an issue with the seller.
In summary, decide which of these inspections are essential for you, and be sure to include them as special conditions on the Offer and Acceptance.
Once the Offer is accepted and settlement begins, you’ll need to have these inspections carried out by qualified professionals. When they’re done, and finance has been approved, settlement will commence in earnest!
Image by Wannaoreo via Flickr.