If you think your new apartment doesn’t need a pre-purchase inspection, think again! Getting a building inspection is a good safety net to make sure you’re making the right choice. You should always be prepared with the right information to make any high value, high cost decision before signing any legal paperwork.
Any investment in property shouldn’t be taken lightly because you never know if there are any hidden issues that might come back to bite you later.
Here’s five reasons why you should consider a qualified and reputable building inspector to conduct your apartment inspection:
1. You’ll Save Money in the Long Run
If serious problems are discovered during your inspection, you may be able to renegotiate the price, or back out of the contract all together.
Inspections are a great way to eliminate the risk of hidden problems by pointing them out before they have a chance to become surprises that could cost you tens of thousands of dollars.
For example, a building inspector will check for moisture and properly functioning ventilation, which can help you avoid common mould issues. If for some reason moud does become a problem, the inspector will be able to tell you where it is and what type of mould it is. This can determine whether or not professional removal is required, which may save you thousands in repair costs.
Although you’re paying a fee for this, it’s still cheaper than paying the price of a brand new apartment and then having to do an expensive renovation or repair process.
2. Get a Thorough Look at All Systems and Components
The best building inspectors are experts at identifying any and all problems that need to be addressed. The inspection will often cover things like the roof, exterior, walls, windows, draining system, electrical wiring and plumbing.
Your VBA registered building inspector will write up a report with any maintenance issues or faults that need to be fixed. You’ll know exactly what work needs to be done and can budget accordingly. If you find that it’s not worth it on your end to complete the work, there’s still time in your cooling-off period to make your decision. Just make sure your building inspector sends you the report as quickly as possible!
3. You’ll Get an Honest Assessment of Your Investment
When you’re having a look around the apartment, you never know what you might miss with your untrained eye. If you’re unsure about the agent’s or seller’s information, do yourself a favour and get a professional building inspector to give an unbiased opinion on the structural condition and any cosmetic defects.
Equipped yourself with as much relevant information that will help towards making an informed decision. If you’re planning on buying a unit or apartment in a multi-unit complex you can review any relevant information about the Owners’ Corporation such as the strata inspection report..This report may outline any current property issues, maintenance plans, proposed works, fee increases or any potential or existing legal claims affecting the property.
4. You’ll Get Peace of Mind
When you’ve made the big decision about an apartment, it’s natural that you want to know everything about your building before signing on the dotted line. An inspection gives you all of this information and more – often within a single visit.
An inspection can give you peace of mind that there are no issues or unforeseen circumstances that will catch you off guard down the road. The more knowledge you have, the better prepared you’ll be to address any questions and problems before they become serious.
5. It’s a Minimised Risk for Your Investment
The more information you have about a building or home before you purchase it, the better off you’ll be. Unlike some investments, an inspection can give you all the information you need in a single visit. If there’s any repairs and maintenance works down the road you might have to cop the costs even if you’re thinking of selling down the track.
Getting an apartment inspection is a great way for potential apartment buyers to prepare themselves for their purchase. The fee you’ll pay for the apartment inspection is a small one compared to the amount of unforeseen repairs you might have to make. Whether you’re confident in your property or not, getting insurance on your decisions (also make sure your inspector has insurance) is also a worthwhile investment.
For apartment inspections, we’ll conduct a consultation with you to find out what you’ll require based on your needs. We’ll book at an appropriate time and date to complete your inspection. We know that you’ll want the report as soon as possible to make your decision so we can send the pre-purchase building inspection report within 24 hours. If you have any questions, we’ll have a follow up consultation to discuss any issues of concern you may have.
Get in touch with Inspect East to book a pre-purchase inspection today.