Hello, my name is Craig Stokes from Devine Real Estate, and I’m here to discuss Building and Pest Inspections when thinking about acquiring a new property.
When in the market to buy your next house or apartment, it really comes down to your decision about whether you wish to carry out Building and Pest reports. While the agent can offer suggestions and provide you with the information they have from the vendor, if you have any further concerns or reservations, the onus is on you as a potential purchaser to perform your own due diligence and seek professional advice from a reputable Building and Pest Inspector.
On occasion, there may be an arrangement where an Inspection Company approaches the agent and prepares a report for all potential buyers for a specific address, which the agent then offers to all interested parties to purchase. In this scenario, the agent can send you a link to access this report, however it is up to you whether you wish to purchase that report or seek your own. This rarely occurs with us at Devine, however we are aware that it does happen. Whichever way you do it, it’s important to know that the agent is not privy to the report and therefore, you must use your own discretion.
Most buyers often consider ordering a Building and Pest inspection on older properties or properties where there are obvious signs of water damage, cracking and other defects. A report offers professional information about potential issues and considerations, as well as can provide peace of mind.
When it comes to apartments and units, Building and Pest reports are less requested by buyers, unless the property is old and there are signs of damage. Most modern blocks would not need a report but again, it’s down to the individual. With Strata organisations, you usually find that a strata report is sufficient as they generally have a list of any known defects and the proposed action plan to rectify any such issues. This will provide you, as a potential buyer, with an good insight into the property and allow you to make an informed decision.
The most important thing to remember is that property is one of the biggest financial exchanges you will undertake, and so, you want to go into it knowing that you are buying a sound investment and aware of any conditions that could arise. At the end of the day, if you have any reservations about a property at all, then you should always seek professional advice, so you can be confident in your decision.
For more information, contact us at Devine Real Estate. We’d be happy to answer all of your questions in more detail, and assist you to achieve your Real Estate goals today. Thanks for watching.
0404 249 575