Buying a house in Melbourne is a significant investment, and ensuring the property is in good condition is crucial. One of the best ways to achieve this is by getting a building inspection before buying your house. This comprehensive examination can reveal hidden defects and potential issues that may affect your decision to purchase. Here’s a guide on when to get a building inspection in Melbourne and what areas to focus on.
Inspect Before Signing: Arrange a building inspection before committing to a contract to identify any issues early.
Pre-Auction Checks: For auction properties, ensure you have an inspection done beforehand, as you’ll be bound by the auction result.
Independent Assessment: Choose an independent inspection to guarantee an unbiased evaluation of key areas like the roof, structure, and pests.
The optimal time to organise a building inspection is before signing a contract. This pre-purchase inspection allows you to fully understand the property’s condition and make an informed decision. Knowing the extent of any defects and the potential repair costs can influence your offer and help you avoid costly surprises.
Melbourne’s property market can be highly competitive, making it challenging to conduct an inspection before signing a contract. If you find yourself in this situation, ensure that the inspection is a condition of the contract. It is crucial to have a solicitor or conveyancer assist with the wording of the clause to ensure it is in your favour. The clause should clearly state that the sale is contingent on the results of the building and pest inspection being satisfactory to you, the purchaser. This safeguard allows you to withdraw from the contract if significant issues are found.
For properties sold at auction, a pre-auction inspection is non-negotiable. Auctions are legally binding, and once the hammer falls, you are committed to the purchase. Conducting an inspection beforehand provides critical information about the property’s condition, allowing you to bid with confidence and set a realistic maximum price based on any necessary repairs.
A thorough building inspection should cover various areas of the property to ensure there are no hidden surprises. Here’s a list of key areas to focus on:
While some sellers or estate agents may provide building inspection reports, it is advisable to commission an independent inspection. This ensures that the assessment is unbiased and thorough. An independent inspector works solely for you and provides peace of mind that all potential issues are disclosed.
Building inspectors will highlight all defects, big and small. It’s essential to distinguish between material issues, which could significantly impact the property’s value or safety, and non-material issues, which are minor and easily fixable. For example, structural damage or termite infestations are material issues, while a leaking tap or a cracked tile is non-material. Understanding this distinction helps you prioritise repairs and negotiate better terms.
A building inspection is a vital step in the home-buying process in Melbourne. Ideally, arrange for the inspection before signing any contract, and always insist on an independent assessment. Focus on key areas such as the roof, structural integrity, pest presence, plumbing and electrical systems, damp and mould, and insulation and ventilation. By doing so, you can ensure that your new home is safe, sound, and free from unexpected issues.