Building inspections has many benefits and here is a list of some of them that you need to know –
It reveals the tentative maintenance cost of the property
As per the opinion of an expert associated with a company that offers Sydney building inspections, owning a home is a financial liability as maintaining one will cost you money. Hence, with a building inspection, you will be able to understand whether or not you will be able to bear the maintenance cost of the property.
It helps you to understand whether the property is worth buying
Homes do not come cheap and with a building inspection, you will get a clear idea that whether or not the home you are interested in is worth the price and the risks associated with it.
It helps you to get accustomed to the ins and outs of the property
Building inspections not only focuses on the overall structure of the property but it will also look for issues with all of its systems such as –
- Whether or not the electrical wiring is compliant with the current Australian standards.
- Whether or not the property has asbestos in it.
- Whether or not the plumbing has lead piping and the likes.
All of these issues can adversely affect you and your loved ones in the future and with a building inspection, you can steer clear from properties that come with these issues.
It helps you to look beneath the facade
It is easy for one to fall in love with a traditional Australian home but at what cost?
What if the home may look okay from the outside but on the inside, it suffers from mould infestations, shaky foundation and even issues with its structural integrity? All of these not only render a property dangerous to live in but will also cost you more money in the future if you plan on fixing it up.
Building inspections reveal all the nuances that come with a property and give you the chance to look beneath the façade – it is as simple as that.
It is a great way to uncover illegal modifications in a property
Illegal modifications can range anywhere between a backyard patio to a swimming pool with inbuilt Jacuzzi. One can even go further and have bedrooms in attics or garages. These modifications can land one on the wrong side of the law and you need to make sure that the property you are buying has no illegal sections inside or around it.
It is a great way to protect your loved ones
You must be aware of the real condition of the property before you shake hands with the seller. Building inspectors look for structural defects and issues with the foundation of the property. These are essential if you want to guarantee the safety of your loved ones.
It can help you to negotiate with the seller
In case the property you are about to buy has some minor fixable issues, post-building inspection, you can negotiate with the seller and compel him or her to bring down the asking price to a level that would be suitable for you.
If you are investing in real estate then be sure to hire a professional building inspector before closing the deal with the seller of the property. This is the only way you can reap the aforementioned benefits and steer clear from questionable pieces of real estate properties.