When buying a home, it’s important that you understand what it takes to do your due diligence and protect your investment.
By learning the key differences between a building defect report and a pre-purchase building inspection report, you can prepare for property-buying success. You’ll know how to evaluate your property in the best, most cost-effective way.
Should you pursue a pre-purchase building inspection report or a building defect report? Here’s what you need to know.
Your choice of building reports
Building defect reports and pre-purchase building inspection reports are not one and the same. Here are the key differences you should keep in mind.
Building defect reports
A building defect report usually goes beyond the requirements of the home-buying process, instead often occurring as part of legal proceedings.
When you obtain a building defect report, you’ll typically receive a full report on every defect affecting your property, as well as the estimated cost to repair any problems. This data is frequently used to calculate damages in a legal situation.
Often relating to strata properties where a builder is responsible for property defects, building defect reports can cost as much as $20,000.
Pre-purchase building inspection reports
A pre-purchase building inspection report is far more common as an important step in buying a home.
By obtaining a pre-purchase building inspection report, you can identify any possible faults or defects that affect your property before you go through with a purchase. This means that you can avoid getting yourself into a costly investment.
Pre-purchase building inspection report benefits
There are many benefits associated with obtaining a quality pre-purchase building inspection report before you commit to buying a home. These inspection reports are detailed and thorough, giving you an excellent overview of any problems your property may have.
In addition to being cheaper than a building defect report, a pre-purchase building inspection report can help you avoid needing a full defect report in the future. You’ll be able to spot issues in advance and make informed buying decisions so that you don’t have to pursue legal action against a builder or property vendor.
How to purchase property with confidence
Buying a home is a major decision, so it’s critical that you have access to the information you need to purchase with confidence.
Don’t leave your property purchase up to chance. Get help from the best pre-purchase building inspector Brisbane has to offer. Contact Action Property Inspections today.