Property buyers – Investors beware “CAVEAT EMPTOR”

June 21, 2014 Comments Off
Property buyers – Investors beware “CAVEAT EMPTOR”

The PERFECT PROPERTY does not exist. Most properties contain defects or problems of some kind, not all of which are visible to the non-professional, untrained person. When purchasing a property it’s better to be informed beforehand than surprised afterwards.

Latent or patent defects of any nature, their implications and subsequent costs to repair can in some instances be quite expensive to fix. That’s why we strongly advise you seek to use our services when buying your next home. We have heard of all the horror stories associated with pre purchase reports. Don’t risk it.

Our Quality Building Inspectors are highly trained with many years of experience in the field of pre purchase inspections and annual inspections, we are here to help. Please find below some terms used in our reports.

Terms used in our Building Inspection Report

Terms used in the Conclusion of our Building Reports – Overall Condition of the Property

LOW: The frequency or magnitude of major/minor defects is considered to be less than expected for a well maintained building of similar type and age.

TYPICAL: The frequency or magnitude of major/minor defects is considered to be typical (as expected) for a well-maintained building of similar type and age.

HIGH: The frequency or magnitude of major/minor defects is considered to be higher than expected for a well maintained building of similar type and age.

Don’t be fooled by new developments, property styling or recent renovations.

A pre-purchase Building and Pest Inspection is vital to help you understand what problems a building may have before you buy it.

Heavy wood rot was evident on the timber retaining wall, which in conjunction with the heavy soil load putting pressure has caused the retaining wall to bow. This is a major defect and could be a major expense to rectify.

The bowed retaining wall has been secured with a strap which was not visible due to heavy foliage to try and prevent its collapse. In addition, this is a safety concern as the retaining wall was less than 2 meters to the property wall.

Would you pick up this defect during an Open House inspection time? This is the reason we strongly recommend to clients to have a Pre Purchase Building Inspection done to avoid any surprise after settlement.

Contact Quality Building Inspection today on 1800-656343 to book a thorough inspection in.

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