Building and pest inspections are crucial for home owners as well as home buyers. This guide lists 5 major benefits of a building and pest inspection.
Are you buying or selling a home?
In real estate, information is key. Unless you know exactly what you are buying or selling you won’t get a fair price. But unless you get a building and pest inspection you are going in blind.
But don’t just take our word for it. Read on for the five major benefits of a building and pest inspection.
If you’re planning to buy or sell a house, home inspections are vital. A house could look perfect inside and out. Without an inspection report though, to the untrained eye, you never know what’s going on. It also protects against litigation on undisclosed defects. When it comes to inspections, leave it to the professionals. They’re well trained for it and have specific tools that they need to carry out these inspections. Without these tools, and inspection isn’t possible. So, whenever you need your home inspected, always call in a professional inspector. Be sure to hire the best building and pest inspector in your area for a thorough inspection.
1. A True Value Assessment
A huge benefit of having a pest and building inspection is that you’ll get a true valuation of the property. Overpricing is common, especially in areas of high demand. It’s essential that you consider the whole picture which includes any post-purchase costs. Whether you are buying or selling, if issues come up in the inspection, you’ll be able to factor the costs of this in relation to the sale price. A pre-purchase inspection details what materials have gone into the construction. This helps you make a decision based on safety and long-term maintenance. It’ll also detail any preventative care you’ll need to take so you can factor this into the decision too. If the property has a pest problem or defects, you can negotiate with the seller to reduce the price to reflect it. It will either cover the costs you need to fix the issues or at least offset them. Or it puts the option on the table for them to rectify the issues before the property changes hands. Regardless of the way you choose to handle it, you have an informed platform. This helps your negotiations remain fair and reasonable. This is never guaranteed though if you don’t have a certified inspector do a report.
2. More Awareness
In a lot of cases, buyers don’t look at the fine print and this can cause issues for both parties. Looking around a space won’t be enough to see a chronic infestation or serious damage. From the buyers’ point of view, they could end up with a house full of problems. For the seller, it could end up tying you up in legal litigation. You can’t cover up damage, whether it’s a lick of paint or a rug or not disclosing information you know. To protect both parties and ensure honesty, a qualified inspector sets the record straight. They can tell if a crack or stain is innocent or a sign of serious structural issues. Any issues will either get put to be or confirmed.
3. No Hidden Issues
If issues arise, it’s not always something the sellers know about or are trying to hide. Sometimes hidden issues occur that aren’t visible to either party at first glance. A pest and pre-purchase inspection will shed light on any of these. There are areas of a house that are out of sight or aren’t used often. A licensed professional will get into all the nooks and crannies you might not have thought of looking in. With all known issues on the table, sellers can decide if it’s worth fixing before selling. For buyers, they can decide if the investment is worth the work and extra cost involved in fixing them.
4. A Quicker Sale
For buyers, they want assurance from a third party expert about the property they want to buy. Having a pest and building inspect allows sellers a quicker, more hassle-free sale. This is because it immediately shows buyers you’re upfront and honest about the deal. From start to finish, everything is on the table. Having that information at their fingertips lets buyers make a well-informed quick decision. The building report will give them everything they need to know. It also gives the seller time to make any home improvements they want to before going on the market, increasing the chance of a prompt sale. This will let both parties be realistic about negotiations. If the seller doesn’t want to make the repairs, then the buyer can put in an offer that reflects the work needed. Or for the seller, having proof that your home is in top condition leaves no room for buyers to try and haggle for a lower price. It ensures that no one’s time is being wasted and expectations are being met from the start.
5. Avoid Future Regret
Most of us can’t imagine spending hundreds of thousands on a home only to for it to have structural damage or pests. But for some, this is a reality. Both situations put your family at risk as well as the structural integrity of your property. On top of that, it could be tens of thousands on top of the house price to get these issues rectified. A pre-purchase pest and building inspection will prevent this scenario from happening. Buyers don’t need to worry about their investments going down the drain. And sellers don’t need to worry about spending their asking price on legal fees.
The Benefits of a Building and Pest Inspection
As you can see, there are plenty of benefits to having a building and pest inspection carried out. Whether you are buying or selling an inspection ensures that you know the exact state of the property, so you can buy or sell without any nasty surprises.
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