Frequently, a first-time prospective buyer of real estate would not see the importance of the “inspection” process prior to the actual buying. For them it may just be an additional expense on top of the asking price.
A professional real estate agent must inform its client that inspection is a compulsory step to undergo for anyone planning to invest in Australian real estate, and that it is not advisable to leave this task to some guy next door.
The Australian Standard AS4349.1-2007 states the criteria for any inspection procedure. It would be best to hire a person who is experienced on this field of work.
As a regular citizen wishing to buy a property, you are not expected to be an expert on everything. This is basically why you need to hire a licensed building inspector, someone who is doing the inspection for a living.
The building inspection consultant must bear license to perform his profession. As most of the properties for sale look good on the outside, it is important to see its real condition from a professional perspective. The consultant checks the stability and other matters with regard to the property.
The building inspector is expected to enlighten the client regarding the details of the Building Inspection Report. The service contract may include examining little details from electrical wiring up to pest infestation. But of course, the licensed inspector does not mean that he’s also licensed for everything else. For example, he may find something wrong with the electrical wiring in one part of the building. He just has to take note of it on the report and endorse the problem to the right professional.
The pre-purchase building inspection report can be an ally when it comes to the negotiation process. If the reports show that there is much to be repaired on the property, you can request for a lower asking price from the seller.
Training and experience are what the licensed building inspectors have which make them right for the job. They can see more than we do when it comes to building details. Aside from that, they don’t have ulterior motives or underlying commissions which can make them deviate from our best interest.
The importance of pre-purchase inspection can never be stressed enough. It’ s a valuable step to take as it can save you thousands of bucks in the long run.
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