Purchasing a property is never easy! There are many procedures that you need to manage. And other than the stamp duty, you also have various costs to incur and consider. One of the most pertinent aspects to consider is your expenses for build and pest inspection. Sometimes people don’t give it the deserved importance that they should. But overlooking your building inspection is not a smart call.
Understanding building and pest inspections
Simply put, a property or business inspection will generally look into all the conditional, functional, design and structural defects. It also checks into other issues that are present in the property exterior and interior. You might not get to see it at first glance. It is here that the role of a building and pest inspector is of utmost importance.
A few of the concerns and problems include the following:
- Defected roofs that need correction
- Increasing dampness
- Structural cracks
Also, when you opt-in for a pest inspection you get to uncover aspects about a house like a termite damage. Knowing whether termites exist in a new property or not is essential! After an investigation, a building inspector will prepare a detailed “property inspection report.” And it needs to adhere to the region-specific standards to be considered authentic.
Should you pay fees for building and pest inspection?
Recognizing and solving property issues before your final purchase will save future maintenance expenses that could have come very early without your expectation. Once you have the inspection report suggesting property issues, you can negotiate about the property price. Since you will have to pay for the repairs, it’s a smart call to negotiate on the overall property expense. Hence it is essential that you check with your property dealer about this with complete logic and reasoning. It will help you to add to your savings as well.
Things that a building and pest inspection doesn’t cover
You should know the factors that an investigation doesn’t include! Usually, it won’t add a cost estimate of any repair references or data on the property part that didn’t get examined. Also, sometimes a building and pest inspector will skip checking on appliances, drainage, electrical wiring, paint condition, and plumbing issues.
The building and pest inspection cost
Get prepared to shell out a hundred dollars as your entire inspection expenses. Some service providers offer one price for both building and pest inspection. Whereas other companies charge you separately. That aside, there can be discounts and special seasonal price that you can expect from chosen service providers. The cost will differ based on which company you join hands with. It is essential to check the expense and select the one that caters to your requirements and budget capacity. The total duration of the inspection process lasts between two and three days.
Usually, a building and pest inspection need to get conducted much before the contract exchange. The cooling off time is the apt period to get this done. And just in case the inspection report suggests that you shouldn’t say yes to a deal when you exchanged the contracts already, it’s essential to know the cooling off rights. You also need to exercise the same to get your property deal in your favor.