Pre-purchase building reports
Did you know that when you purchase a pre-purchase building report, your report should be compliant with Complies with Australian Standard AS 4349.1 – 2007 Inspection of Buildings Part 1: Pre-Purchase Inspections - Residential Buildings - Appendic "C".
As a member of the HIA, we provide you with a report that meets the standards you need to make your next purchase decision.
Here are 5 reasons why you should order your building report:
1. Ensuring the building is structurally sound
A structurally sound building is a must when you’re making a purchase because of safety issues and cost concerns.
Structural faults can cause collapses that may injure or kill loved ones, but there’s also the possibility that the structural faults or defects will be an expensive process to repair.
How much? Whatever the expense may be, just think of the inconvenience and time taken to rectify something you were not prepared for. Just take a look at the Building Codes and Standards of Australia website. The mind boggles at just how stringent and strict our building standards are in Australia. The more standards, the more expense. If there’s something not right before you purchase, it will be your responsibility after purchase to rectify.
2. Budgeting for repairs
It might be a good deal if you purchase a building that needs some repairs because it looks like a good price, but how do you know for sure? There’s no harm in asking for a second opinion.
Purchasing a building report will help you to work out what needs to be done to bring the building up to where you’d like it to be.
Once you have that, you can look at hire a professional, experienced builder to give estimates on the repairs that need to be done for your property.
3. Electrical wiring and smoke alarms
Did you know that when a bank appointed valuer attends your property, they can make a determination that your property is not fit for occupancy because there’s no smoke alarms? Smoke alarms are available at any hardware store for a cheap price, but in the excitement of your new purchase, how were you to notice the lack of smoke alarms? If you didn’t notice them, the valuer will. Because you don’t see the report before it gets to the bank, how would you feel knowing that a simple smoke alarm for a few bucks would change the outcome of your valuation, and your loan application?
4. Identifying unsafe areas of a home
Your home is your castle, and your family should feel safe there. Even from the
home itself. A pre-purchase building inspection will tell you if any parts of the home are unsafe, unsecure or dangerous. This can include asbestos, unsafe or unstable staircases, or even building material that’s not functioning as it should.
These hazards are best identified before someone gets hurt or sick.
5. Analysing ancillary structures on site
The building itself is not the only part of a property that may need the keen eye of a building inspector. This includes, sheds, verandahs, extensions, even pools, fences and retaining walls.
Councils authorise where and how these structures can be built. Purchasing a building that does not conform to the regulations can mean tearing down a building which may have been one of the reasons you decided to purchase the property in the first place. Imagine buying somewhere without knowing that council has issued a demolition order for an illegally built structure!
Real Scout can help you save yourself from the BIGGEST