The Cost Of Skipping A Building Inspection
An inspection is worth every penny when you’re making one of the biggest purchases of your life.
You’ve found it, your dream home. A spacious sunny kitchen, a big shed for all your projects and a backyard big enough for the kids to play and dogs to run around. After the long house hunt, the finish line is in sight and you’re ready to put an offer in and make this property your home.
But before you put an offer in, you need a building inspection.
A house is probably the most expensive thing you’re ever going to buy, so you should know exactly what you’re buying. You wouldn’t buy a second-hand car without getting it checked by a mechanic, so why would you do the same with a house?
But with additional costs sneaking in, like lawyer fees and closing costs, that you’re not prepared for, it can be tempting to forego some ‘extra costs’ like a building inspection. Here’s two (of the many) reasons on why getting a building inspection is worth the cost.
See what’s behind closed doors
While everything might appear perfect to the naked eye, it’s sometimes the invisible things that can create the biggest headaches. Have renovations complied with permits and codes, is the plumbing up to scratch, is there moisture lurking in the walls? Building inspectors will also test for health dangers like methamphetamine and mould to ensure everything complies with the NZ safety standards.
Negotiation and Deal Breakers
If things aren’t as they appear and the building inspection reveals that the condition of the house is poor or repair work is required, this can provide the opportunity to negotiation with the seller for the repair work to be done pre-purchase or a reduction on the asking price. It will also help you identify how much you’re prepared to spend to get the property to a condition you’re happy with or if you’re happy to go ahead with the purchase at all. As a qualified builder with over 30 years’ experience, Simon and the team at Asset Property Inspections can even give you a realistic idea of the cost of repairs.
At the end of the day, you want to know exactly what you are buying and it’s your responsibility to know all the details about the property. A building inspection will help reveal if things aren’t quite as they appear, helping you to understand the big picture and informing you of the peak and pitfalls of the place you might soon be calling home.
Trust us, the money you spend on a building inspection now could save you a lot in the long run.