If you are purchasing a home, it is important that you start looking into Brisbane pest and building inspections. In fact, it is highly important that you do not ‘close the deal’ unless you a have a professional building inspector overlook the property. On this page, we will look at a few of the reasons as to why.
Know if there are any issues with the property
The main reason you will be looking for Brisbane building inspections is because you need to know whether there are any major issues with the property that may stand in the way of your purchase. For example; structural damage that could hamper the stability of the property, or whether there are likely to be major repairs that need to be carried out in the future. These are problems that you wouldn’t be able to spot if you were not ‘trained’.
Gain the upper hand in negotiations
If the Brisbane building inspections do discover that there are issues with the property, then you can renegotiate the price with the seller. You can consider how much it may cost to do require repairs and reduce the price accordingly. They won’t always ‘play ball’ with you, but there is a good chance that you will be able to shave a few thousand dollars off of the price.
Your Mortgage May Require It
Finally, the vast majority of mortgage lenders will require that a property undergoes Brisbane building inspections before they are willing to lend money. This is to help protect them should they be required to repossess the property. The same goes for insurance companies. They may be unwilling to provide you with a policy if the building has not undergone a complete inspection. This is something else which may have an impact on whether you are able to obtain a mortgage or not.