Buyers trying to save a buck may be tempted to skip a building inspection, but is it worth the risk? You don’t want to make the sale at the expense of losing a client down the road. Proper selling tips and guidance are essential in helping buyers make an informed decision.
Building inspection basics
Building inspections give buyers a written account of a property’s condition, including major faults and overall condition given its age and type. Inspected areas must be accessible and typically include:
- Roof/roof space
- Under-floor space
- Non-structural retaining walls
- Surface drainage/storm runoff
How could it work in your buyer’s favor?
The goal of a building inspection is to identify and avoid problems which could lead to costly repairs. Knowing in advance the nature of problems and possible fallout can allow the buyer to use information gleaned to negotiate a better price to handle paying for repairs later, or have the issues attended to at the expense of the seller before purchase.
What about a DIY inspection?
Though a basic building inspection won’t catch everything, a suitably insured, qualified individual with a well-trained eye is essential in catching hidden issues, such as cosmetics camouflaging major faults, moisture and drainage issues, movement in walls, visible termite damage, faulty roofing, and safety hazards, to name a few.
Could issues be overlooked?
Yes. The intent of a standard inspection is to attempt to identify major defects visible at the time of inspection. Specific areas not addressed in the standard inspection should be handled by the appropriate authority: structural engineer, surveyor, pest inspector, electrical or water supply authority, etc.
Items typically not included in the inspection include:
- Hazards (lead, asbestos)
- Deliberately covered problems
Don’t rely on selling tips that fall short upon closer inspection. Trust in Properties Online.