What next? The questions you should be asking after receiving your Building Inspection Report
Building Inspections should be at the top of your priority list during the early stages of your home-buying journey in Perth. While you may have various questions in mind, such as the cost, duration, and scope of the inspection, it’s crucial to focus on the most important questions that arise after the Building Inspection is completed. What if your Perth Building Inspector uncovers a problem that could complicate the purchase? Are you prepared to let go of the home you’ve set your heart on?
The Building Inspection may reveal hidden issues that you were not anticipating. However, it’s important to remember that most problems can be addressed and resolved. In fact, the inspection findings could even provide an opportunity to negotiate a more favorable settlement price.
By asking the right questions, you can gain a deeper understanding of the property you intend to purchase, enabling you to make an informed decision based on the details presented in the Building Inspection report.
These are some of the main questions you need to be asking your Perth Building Inspector.
Can you go into further detail?
Unless you have a background in construction, there may be certain issues mentioned in the report that you don’t fully understand. Take the time to carefully review the comprehensive report and make note of any aspects that require clarification. Schedule a discussion with the Inspector to address any queries or seek additional explanations regarding the information provided in the report.
How serious is this issue?
The primary goal of the Building Inspection is to uncover any unknown issues with the property. The inspection report will typically include photographs and detailed notes about the identified issues, categorizing them based on severity. While the report may seem overwhelming, it’s important not to panic and assume the property is falling apart.
In most cases, the majority of issues discovered during inspections are minor in nature, with only a few being considered significant. It’s crucial to address the significant issues promptly to ensure a smooth settlement process for both parties.
Engage in a conversation with your Building Inspector to gain an understanding of the seriousness of any identified issues. This information is vital in determining the necessary course of action, such as requesting repairs, renegotiating the settlement price, or, as a last resort, reconsidering the purchase altogether.
Can I fix this myself or will I need a professional?
While saving money is always a consideration, it’s important to understand which problems detected during the inspection can be resolved with minor repairs and which ones may require professional expertise. Seek advice from your Building Inspector on whether specific issues can be tackled independently or if it’s advisable to engage certified professionals, such as electricians or plumbers, for certain repairs.
What should I fix first and what can wait?
No home is entirely flawless or issue-free. Inquire about the areas that should be prioritized for repairs before you move into the property. Additionally, ask if there are any issues that can be addressed at a later stage, as this can help you manage your budget effectively. Understand whether any of the identified issues could potentially lead to further complications if not rectified promptly. This insight will allow you to have a clear perspective and focus on addressing the most significant concerns first.
How much will it cost to fix?
The inspection report will include a list of recommended repairs or replacements to ensure the property is in good condition. While the list may initially seem daunting, it’s essential to remember that virtually everything is fixable. If the seller is unwilling to address the issues, it doesn’t necessarily mean you should abandon the deal immediately. Consult with your Building Inspector to determine the urgency of the repairs and obtain a rough estimate of the associated costs. This information can help you reassess the property’s value and negotiate a more favorable agreement.
A Building Inspection is a critical step in any real estate transaction, providing both sellers and buyers with an understanding of the property’s true condition. Once you’ve signed the contract, there is no turning back. Therefore, it’s vital to ask all the right questions and engage the services of a professional Building Inspector who can provide you with accurate answers and guidance throughout the process.