What’s the Value of a Pre-Purchase Building Inspection?

Buying a home for the first time is one of the most exciting things you will do in life. It also happens to be the priciest investment you will make. With that in mind, it is crucial that you make all the right decisions when purchasing a house since there is no room for mistakes.

 

One of those mistakes most first-time homebuyers make is making too rash of a decision. They get too excited about the prospect of moving in, especially after finding what seemingly appears to be the home of their dreams. But you cannot just go ahead and sign the dotted line, even if the initial price offer is too good to pass up. The thing is, if it sounds too good to be true, then it probably is; if you want to guarantee your investment in a home won’t go to waste, you must invest in a pre-purchase building inspection first.

 

 

There is an excellent value in a pre-purchase building inspection since it is by far the most practical way of figuring out the real condition of the property. Perhaps you already have seen the house via home staging, but that’s not enough. The idea of the inspection is to come up with a report that details all the things you should know as a potential buyer, particularly issues about its structure, components, appliances, electrical, and plumbing systems. A building inspection Melbourne will help you with the following:

 

1 – Identify issues and problems that you won’t be able to see with untrained eyes.

 

You never can deny the fact that in buying a house, you quickly get overwhelmed by the excitement it brings. As a result, you tend to close your eyes to the issues and problems. Getting carried away means you do not even think about the potential problems if you see the property as attractive and you feel comfortable in it. However, opting to pay for a professional building inspection Melbourne means you have another set of eyes who will inspect the property without any vested interest. If there is something wrong with it, it’ll show up in the inspection report.

 

2 – A building inspection is critical since it’ll prepare you for possible repairs once you move in.

 

It is true that not all homes have something to hide, but are you willing to take the risk and trust the seller? Be reminded that you are the one who will invest a lot of money to buy the home, which means the burden will be on you should you end up with a property that requires thousands of dollars for repairs. Through a pre-purchase building inspection, you can measure and figure out if the repairs needed are reasonable enough for you to cover them. If you feel like it is too much, then you can walk away.

 

 

3 – The report furnished after the inspection gives you negotiating power.

 

Finally, the building inspection is the one tool you will need to be able to re-negotiate the initial price offer for the house. For example, if the report reveals the need for repairs, you can talk to the seller about it and propose that you cover the costs if he or she is willing to lower the price.