Home Inspection Mistakes – Facts and Fiction
For homebuyers and sellers, the home inspection is most important. Here are some useful facts to avoid making a mistake in getting a home inspection. http://inspecteast.com.au/blog/2016/08/29/home-inspection-mistakes-facts-and-fiction/
For homebuyers and sellers, the home inspection is most important. Here are some useful facts to avoid making a mistake in getting a home inspection. http://inspecteast.com.au/blog/2016/08/29/home-inspection-mistakes-facts-and-fiction/
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<strong>Home</strong> <strong>Inspection</strong> <strong>Mistakes</strong> <strong>–</strong> <strong>Facts</strong> <strong>and</strong> <strong>Fiction</strong><br />
With the busy spring selling season nearly upon us, plenty of would-be buyers are preparing to<br />
hit the real estate websites to see what new stock is about. Potential buyers may engage a<br />
building inspector because they have done so in the past or have had a great recommendation<br />
from family or friends. Others are only motivated to do an inspection if they think they can use<br />
the report to negotiate a better price. But what are some of the biggest mistakes they make<br />
when it comes to a home inspection?<br />
FICTION <strong>–</strong> Not every purchase needs an inspection<br />
FACT <strong>–</strong> A home inspection is one of the most important steps you can take to make sure your<br />
new home is a sound investment <strong>and</strong> a safe place to live. It is vital to do your homework before<br />
making the biggest purchase of your life. Most people would never dream of buying a car<br />
without getting a mechanic or a RACV check. Having a building inspection done by an<br />
experienced building inspector, even on a new-build home, should be one of the highest<br />
priorities for a buyer because it will assist in making an informed purchase decision.<br />
To the untrained eye a building might appear to be in good order, but it is a far safer option to<br />
draw on the experience of a reputable building inspector who can look for problems lurking<br />
below the surface. We find newly renovated constructions which usually look fantastic but are<br />
often not built according to Australian St<strong>and</strong>ards can be a disaster waiting to happen.<br />
FICTION <strong>–</strong> I have a builder friend who can look over the building <strong>and</strong> he will<br />
do a similar job to a building inspector<br />
FACT <strong>–</strong> I have seen the ”family builder friend” at many inspections. They rarely inspect the roof<br />
or get down to inspect under floor. They do not have to equipment to determine moisture or<br />
wood decay. You are also not covered by appropriate insurances.<br />
FICTION <strong>–</strong> A bad report kills a purchase<br />
FACT <strong>–</strong> A report that flags one or several issues doesn’t necessarily signal the end of a potential<br />
sale. Instead, it offers the buyer a clear underst<strong>and</strong>ing about what may need urgent attention<br />
<strong>and</strong> what longer term maintenance should be considered. Not only does it offer a negotiation<br />
aspect, it also provides opportunity to source estimates on the cost of any repairs before the<br />
cooling off period expires or before signing a contract.
FICTION <strong>–</strong> A DIY inspection is just as good<br />
FACT <strong>–</strong> An inspection done by an experienced building inspector can potentially save a wouldbe<br />
buyer thous<strong>and</strong>s of dollars. You wouldn’t trust your own health to a dodgy doctor, <strong>and</strong> a<br />
home should be no different. In choosing a building inspect, remember that you are selecting a<br />
professional who will give one of your biggest investments a complete physical check-up.<br />
Do your homework <strong>and</strong> choose an inspector who is competent, experienced, thorough <strong>and</strong><br />
trustworthy, rather than just going with the cheapest option or one suggested by the real<br />
estate agent.<br />
FICTION <strong>–</strong> the real estate agent or vendor must disclose any major defects in<br />
the property I wish to purchase.<br />
FACT <strong>–</strong> Having an inspection prior to a home purchase in Victoria is vital as laws governing<br />
house sales in Victoria stipulate that it is “Buyers Beware”. It is up to the purchaser to conduct<br />
relevant checks to establish the condition of the property. Potential areas that may push your<br />
budget over the edge or make you so uncomfortable that you may not wish to go ahead are the<br />
presence of asbestos, structural issues, mold <strong>and</strong> termite damage. Many times the vendor is<br />
not even aware that the shower is leaking causing major structural damage or that previous<br />
termites have caused the deterioration of the structure of the dwelling.<br />
FICTION <strong>–</strong> A home being built doesn’t need to be inspected<br />
FACT <strong>–</strong> Even experienced homebuyers can believe that a home under construction doesn’t<br />
need an independent review of work being done. It can be a rookie mistake that can result in<br />
major faults that are not being picked up until well down the track <strong>–</strong> often years later, or when<br />
it comes to sale time. Don’t assume a builder or contractor is doing everything to the highest<br />
st<strong>and</strong>ard, <strong>and</strong> remember that an inspection might be a last line of defense against major<br />
defects.<br />
FICTION <strong>–</strong> A would-be buyer can’t go to the inspection<br />
FACT <strong>–</strong> A growing number of buyers are opting to go to an inspection so that any matters raised<br />
can be discussed with the building consultant <strong>and</strong> considered in greater context. This avoids a
novice buyer placing an over-emphasis on a minor problem, or even worse, not realizing the<br />
seriousness of a defect. The inspector must inform the real estate agent that the potential<br />
buyer will be present so make sure you inform the inspector at the time of booking.<br />
FICTION <strong>–</strong> Recommendations made by an inspector can be delayed<br />
FACT <strong>–</strong> There are times when a pre-purchase inspection flags an issue that might need greater<br />
examination, <strong>and</strong> a Building Inspector may recommend that the buyer refers it to a specialist<br />
expert before the sale concludes. Ignoring that advice runs the risk of an issue turning out to be<br />
a far more expensive to rectify or a much bigger deal than originally anticipated.<br />
FICTION <strong>–</strong> A buyer needs to sign the contract before they arrange an<br />
inspection<br />
FACT <strong>–</strong> Anyone seriously thinking of buying a home can exercise the right to have a property<br />
inspection done at any stage during the sales process, <strong>and</strong> they do not have to wait until a<br />
contract has been signed or a cooling off period has started. Don’t forget that an offer on a<br />
property can also be made subject to the outcome of a building inspection report. However<br />
many contracts stipulate that the defects need to be major before you can get out of the<br />
contract. Be aware of any agent who won’t give the inspector access until after the cooling off<br />
period. In every case this has happened to me there was something big the vendor was hiding.<br />
FICTION <strong>–</strong> A real estate agent is there for all parties<br />
FACT <strong>–</strong> An agent is primarily acting in the best interests of the seller. In comparison, a building<br />
consultant is engaged to give a would-be buyer an honest, straight opinion about the current<br />
condition of the house <strong>and</strong> flag any potential issues to be considered during the sales process.<br />
Do your own research <strong>and</strong> engage an inspector you feel comfortable with.<br />
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