Why Inspections Matter

When the time rolls around to buy a new home, doing things right is essential. A great deal of cash is going to come into play, after all, and most of us just can’t afford any major missteps. One of the easiest ways to ensure that the home you buy is not only perfect for you, but unlikely to cost you a ton of money in the long haul, is by having proper inspections performed. The time to do those inspections is during the conveyancing process in Brisbane.

 

Conveyancing And Inspections

Although conveyancing in Gold Coast involves the intricacies of the home buying process, the most important thing for the average homeowner to be aware of is the contract. The contracts that are involved in the conveyancing process are legally binding documents, and you do not want to sign one until you are absolutely sure that the house in question is right for you. Your conveyancing solicitor should emphasize the inclusion of language within those contracts that explicitly references inspections. That way, your contract is null and void unless a proper inspection is done.

 

Do Not Skip Inspections

As long winded as the conveyancing process may seem, it’s imperative not to speed things along by skipping inspections. Home inspections should be included in the language of your contract to ensure that they are not overlooked. It’s amazing what a professional building inspection can reveal about a home. Even if the house you’ve been looking at looks perfect, major structural problems could lie just beneath its surface. To the untrained eye, those problems can go entirely without notice; to a professional inspector, though, they will stand out like a sore thumb.

 

Ask For A Report

Although the building inspector will give a general stamp of approval upon completing his inspection, he won’t necessarily go into great detail about what he found unless it is serious. However, a professional company will offer you the option of buying a detailed report. Never pass this opportunity up, since you can use that report to map out future renovations and other home improvement projects. Although it may cost you a little bit of extra money, it will be well worth it to have a detailed bill of health from the inspector.

 

Above all else, never take the seller’s word for it that a house is in great shape. Looks can be deceiving, and as much as you love a house it could very well harbour unpleasant problems. The last thing you need is to have to fork over a lot more money soon after moving in, for things that should have been disclosed. Make sure your contract includes information about building inspections, then – and make sure that they occur.

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Andrew Francey

B.Bus, GCAF, GAICD

Chief Operating Officer

Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the Ownit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

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