How Much Do Building Inspections Costs In Australia?
There is no fixed rate for building inspections in Australia, it varies depending on the size and location of your property. The fee for inspecting a small property may cost somewhere in the range of $200 to $300. A family sized home in the suburbs may cost up to $500 for an inspection. The most expensive properties to inspect are located in urban areas, and can cost up to $1000.
You would be advised to hold off paying for a full building inspection, until you find the home of your dreams, as it can be very expensive to complete one for every property that you view. Carrying out a full inspection, before you sign a contract, puts you at an advantage – as you can negotiate a lower price, if faults are discovered, equally, you can walk away if the house is not up to standard.
How Does A Full Building Inspection Help Home Buyers?
It’s crucial that you use an inspector or certifier, who has a membership with a building association, like Master Builders Australia; this will give you peace of mind, knowing that your property is in the hands of a qualified expert. It’s ideal to have an inspector who is familiar with the area in which you are buying your property – as they will have an understanding of environmental and flood issues pertaining to that location.
An inspection can provide a buyer with detailed insights into there property, such as:
- Discover potentially expensive and dangerous defects with the property
- Assess the properties ability to withstand local environmental issues
- Make you aware if there is any title or guarantee with legal or financial debt that needs to be taken care of
- Let you know the condition of several key areas like – the walls, plumbing, roof, ceiling, doors, windows, wiring and driveways, etc
- It can give you peace of mind knowing that the property is a solid investment
It’s good to invest in a home with eyes wide open, knowing what to budget for ensuing costs and also to be prepared for any future possible defects with the property.