What is a Building Inspection?
A building inspection, also known as a property or house inspection is designed to give you independent and objective advice about the physical state of a building. This advice enables you to make an informed decision, usually about whether to purchase a property or not.
Inspection reports are a snapshot in time. Therefore, you should always ensure you refer to a current inspection.
Building inspections are also carried out for the purpose of risk management, new construction management, dispute resolution, insurance claims, compliance with legislation and regulations and to inform renovation and extension decisions.
Who needs a Building Inspection?
Inspections are generally ordered in the process of buying or selling a home. An inspection may also be required if you discover that your home has developed a building defect over time or as a consequence to an incident.
Commercial building inspections and building inspections for builders who are concerned about the impact of construction works on neighbouring properties are also common.
As such Master property Inspections has a broad client group including:
- Home buyers and sellers
- Residential property investors
- Commercial property owners and investors
- Property managers including body corporates and strata title managers
- Owners of property including government and private agencies and businesses
- Building and construction contractors
Why have a Building Inspection?
An inspection acts as a snapshot in time which identifies safety hazards and any major or minor defects. Therefore, inspection reports have a number of purposes and benefits.
The primary reason to have an inspection is to ensure that the home you are buying or occupying is safe and doesn’t pose a health risk to occupants.
The major reasons to have a building inspection are outlined below:
- Without expert knowledge of construction methods and materials, many defects are concealed and difficult to detect.
- Most people won’t get onto the roof, into the roof and under the floor of a home during their own inspections of a property which may mean potentially significant and costly defects would be missed.
- Many individuals don’t have the expertise or time to assess the potential cost and works implications of the defects that are easily identified or obvious
- Interstate investors may buy property ‘online’ and a building inspection allows them to get independent advice and information about a property rather than relying on the advice of agents who have a vested interest in the sale proceeding
- You can rely on the findings of a building inspection as they are backed by Professional Indemnity insurance provisions, the advice of a ‘mate’ or ‘friend’ in the building trade doesn’t have the same assurances
- Prevent financial loss which may occur if you find major defects and safety hazards
- Assist you to plan for repairs and renovation and their likely cost
- Determine the rate of return on potential investments given the likely maintenance requirements
- Aid in negotiations for the sale or purchase of a property
- Document the condition of an adjoining property prior to major works which may create unintended damage
Building inspections are particularly critical when considering that a home or building may have Asbestos or other potential contaminants present including mould or lead products which are known health hazards.
When purchasing a building many people will plan to spend up to their maximum financial capacity to acquire the property. Without a building inspection these investors and home owners may then find themselves unable to meet the costs of repair works required to address defects.
What Building Inspection options do I have?
It is important to understand what is generally included and excluded in a building inspection service. Master Property Inspections work hard to understand what type of property you are purchasing. Factors that influence which building inspections we would recommend include:
- The location of the property
- It’s age
- General condition (well or poorly maintained)
- Your plans (in terms of renovation or rebuilding)
- The type and condition of essential utilties like electrical, plumbing and gas
- Additional features such as pools
- Any particular concerns you have from your preliminary inspection
Your inspection options then include building inspection services like:
- General Building Inspection
- Building and Pest Inspections
- Asbestos Inspections
- Electrical Inspections
- Plumbing and Gas Inspections
- Depreciation Schedules
- Digital Floor levelling
Master Property Inspections offers packages of building inspections that will help ensure you have all the information you need to make a decision. The Packages go from 1 star packages to 5 star packages.
It is important that you are aware of the Ins and Outs of standard building inspections.
Cost of Building Inspections
The cost of a building inspection varies considerably, it depends on the age of the home, for example if you are purchasing a 10-year-old home on a concrete slab the price would be cheaper than if you’re buying an old 50-year-old home on a sub floor with stumps, as there are more inspection processes required with a house with stumps.
As Master Property Inspections offer so many inspection services from one star inspection reports to five-star inspection reports as listed in our pre-purchase services.
We can suggest which star rating report system would be best suited for your needs.
Prices start from $395 plus GST for a 1 star inspection report package all the way up to $1295 + GST for a 5 star inspections report package.
Master Property Inspections is very fairly priced in the market place, and as we do most of our report onsite due to our advanced technology reporting system we can offer a higher star rating inspection and report than our competitors for a better price.
What if we use you for more than one inspection?
Absolutely, if a client is willing to trust us to inspect and report on more than one property, we are happy to provide a reduction in price.
Generally a minimum of $50, but up to $100 will be deducted off the second inspection and following inspections.
When should we get an Inspection done?
There is no right or wrong answer as to when you should get an inspection done.
Should you get it done before you make an offer on the property, should you get it done subject to a building inspection once you have made an offer, should you get it done before the auction.
These are all great questions and it really depends on the situation.
Master property inspections are not only a building inspection company, we are also a building consultant company and we can advise and guide on all the twists and turns that are related in dealing with real estate agents and we are more than happy to discuss all matters related to your situation as it is part of our service.