Industry News & Tips

 

Latest property market and building inspections news

Selling Houses Australia

The City of Casey has launched a new online tool designed to support Casey residents during the process of building a new home ...

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A pre-purchase building inspection conducted by a qualified inspector can provide home buyers with a number of invaluable insights. For example ...

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When you find the house of your dreams, it's tempting to buy it on the spot. But fools rush in. Most property purchase contracts have a building and pest clause - and for good reason. It's not just 'fine print'; you need to really understand these clauses so you don't end up with a property infested with pests or ...

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Victoria has strict building requirements in place for design, construction and installation of spas, swimming pool and also their safety barriers. It is very important that home owners be aware of their legal obligations to maintain their pool/spa safety barriers at all times.

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Many of you must have heard of the Sydney homeowner who bought a house only to discover more than $100,000 worth of pest damage. The buyer purchased the two-bedroom in Sydney's inner west for about $1 million, and had done a building and pest report before making the purchase.
A report which didn't warn him on the huge underlying damage. However, it was mentioned that the building inspector was unable to access parts of the property, but apparently didn't get the buyer's attention.

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The fact that you have to decide whether you want to spend your lifetime saving on a property or not, with only 15 minutes of inspection, is scary. Here's some tips to get you ready to make the most of each inspection and look for what really matters in a property.
Don't listen to anyone who says the best homes were only built in a certain timeframe. There were good quality houses built in every era and well bad ones too.

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BUYERS: Always be on your guard. Look for warning signs of problems, but remember, some defects may be so minor the cost to rectify could be very little or, in fact, the problem may have already been addressed. If you spot an issue, ask the sellers/agents for their comments, see paperwork and always get a building and pest inspection. Even if the problem is a big fix, if you love the home then consider negotiating with the sellers to allow for the work cost to be covered. All defects can be surmountable, even the dreaded termite infestation. It is all down to cost how keen you are on the home or what deal you can get. Some of the best buys will be homes with issues others have walked away from. It depends on you.

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Landlords have a right to conduct a property inspection and this varies from state to state, within Australia: In Queensland, a landlord must provide at least seven days notice to enter for a routine inspection, using the required form, and entry can be either for a specific time or a two-hour window. The landlord may also only carry out a routine inspection once every three months unless otherwise agreed by the tenant in writing. In NSW, seven days notice ...

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What everyone should know about property inspections and why it's an important task to complete before committing to a purchase. Buying a property is one of the biggest financial decisions you'll make in your lifetime, especially given the inflated property prices in many of Australia's capital cities. Ensure you get a qualified building inspector to complete an inspection of the property. A building inspections cost from $280.00 and could save you thousands of dollars.

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Remember to look at the building itself as much as you look at things like the layout of the kitchen and whether or not there's an en-suite. If you're serious about buying the property it pays to be thorough and a few simple maintenance checks can sometimes make the difference between buying your dream house and stepping into a costly nightmare.

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