We are to inform people about the conditions of a property they want to sell or buy.
Regulations have changed a lot over the years – it is, therefore, to understand that some building will not pass new regulations, but the performance of building materials and the building materials should be investigated.
It is important to understand the client’s intention of spending on a building, the client’s perception of what they are buying and to actually describe what they are really buying.
If any defects are on a house that they were not aware of, it can be a life-changing experience for a client.
A little leak in the shower can cause wood rot to inner timbers of the walls, floorboards, joists, beams and piles. If a client buys a leaky shower, repairs can easily cost $10 to 20k. Not an expense that a first home buyer will have budgeted for.
Corrugated roofs had a life expectancy of 25 years. Roof cladding can be anything between $18000 and $35 000 to be replaced. Decramastic tiles can have asbestos particles in the glue, There for an additional expense to appoint an asbestos removalist to rove and discharge the Asbestos Containing Materials correctly as per specifying regulations.
Older electrical switchboards need upgrading if additions to the house are made. Replacing of Switch boards can be between $2k and $10k
Only a few examples of what can be easily missed by sellers and buyers.
It is worthwhile to have a building inspection before you buy – you can save yourself thousand and prevent yourself from walking into a financial crisis. We live in a period of buyer beware – buyers have the conditional period to do proper due diligence before the contract does go unconditional.