At Northside Realty, we’re here to help you with our home buyer’s guide to pre-purchase building and pest inspections North Brisbane.
You’ve found a home that you love, and you plan to buy it, but there’s a few steps you need to take before you purchase it.
We’ll cover what you need to know about a pre-purchase inspection and why they are so important.
For more information on our buyer’s guide, see our blog below. If you have any questions or are seeking further advice please get in touch with the experienced Northside Realty team on (07) 3264 4033 or enquire online.
What to Look for In A Building and Pest Inspection
A building and pest inspection offers invaluable insight into the condition of a property –think of it as the property’s overall health check.
Reports may uncover minor or major problems with:
- Roof damage and structural damage
- General plumbing and electrical set up – the reports may recommend further investigation of these areas by engaging a specialist.
Things to look for internally are:
- Cracks in walls, cornices and ceilings
- Rust, leaks, mould and dampness, any noticeable smell or potential issues with plumbing or electrical set up
- Windows and doors are functional
- A pest infestation, internal termite damage or previous termite damage requiring repairs to the walls, door/window frames etc.
External inspections cover:
- Roof and external walls
- Termite damage to the house and surrounding fencing, large trees, retaining walls, deck structures etc.
- The buyer needs to check if there is council approval on any house extensions
TIP: Ask your real estate agent if the seller had the pest and building inspection done before listing this property and if so, ask if you can get a copy of the report. It is advisable you still conduct your own investigation, but this might give you some idea about the condition of this property before you spend $600 yourself.
Why Building and Pest Inspections Are Essential
It is likely that your building and pest inspection will uncover some problems.
Questions you may want to ask:
- How significant are these issues?
- Are any major issues costly and time-consuming to fix?
- Do I get the minor issues fixed by the seller before the settlement day?
- Do I negotiate the price further and ask for a reduction based on the major issues and cost involved to fix them?
- Should I terminate the contract based on any major issues found?
Questions to Ask the Agent About the Property
Ask the agent about the history of the property. They have established a relationship with the seller and will have some idea about the condition of the property.
- When was the home built?
- Are there any problems/concerns I should know about?
- Is there a current termite barrier in place?
- What kind of renovations/extensions/fixes did the seller do while living in this home?
- Why are the owners selling? Are they in a hurry to sell?
- How long has the property been on the market?
- How much are council rates?
- Are there any easements on the property or any special restrictions?
- Is the property NBN ready?
- If there is solar installed, can the seller provide any relevant information regarding the installation and running of the system?
- Are all the appliances working? When was the last service conducted on air conditioning, etc.?
- Is the property on town water/sewerage?
- Is the agent aware of any potential zoning changes in the future? Are there any significant developments planned in the area?
Negotiating Final Selling Price
- Don’t be afraid to ask what is and isn’t included in the sale of the property – fittings and fixtures. Is there something you want? Negotiate how you can add it to the sale.
- Don’t be afraid to ask for a reduction on purchase price should there be any minor or major issues with the building and pest report. But be reasonable.
- If you require more time to find out the cost of repair before you negotiate the price, ask for an extension on your building and pest period.
- Buy with your head, not your heart. Remember one day you may have to sell that home!
How to Find the Right Building and Pest Inspector for You
- Ask for recommendations from friends and family. Word of mouth is gold!
- You can ask your real estate agent to recommend a local professional – do they have an example of their report so you can see what information you will receive?
- How quickly does the inspector supply you with their report? As a buyer, you will have 7, 10 or 14-day conditions in your contract to complete building and pest. Make sure your inspector can deliver within your contract timeframe.
- Ask if you can meet the inspector onsite to go over all findings. This way you are well informed instead of reading it in the report only.
- Check their Google reviews
A Home Buyer’s Guide To Pre-Purchase Building And Pest Inspections North Brisbane
Looking to buy, sell or rent property? With a professionally driven team and proven track record, Northside Realty are determined to get you the highest price. Contact Northside Realty today.