On settlement day, your solicitor or conveyancer may request that you have a pre-settlement inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it and that all the inclusions are as per the contract you signed.
Buying a home is the biggest investment most of us will ever make. I recommend to all my clients, to obtain a pre-purchase building report.
A home/building inspection is a professional, unbiased visual examination of the condition of a home at the time of the inspection. Home buyer's now entering the market place, view inspections as a way to gain valuable information about the biggest purchase of their lifetime. It helps them to determine whether there are any major defects in the visible portions of the home before the sale is completed.
What a professional, competent home inspector should inspect are the major components of the home: heating, cooling, plumbing, and electrical systems. Also built in appliances, exterior walls, gutters and downspouts, roofs, foundations, crawl spaces, and basements.
Home inspections are not intended to point out every small problem or any non-visible defects in a home. Most minor or cosmetic flaws, for example, should be apparent without the aid of a professional and are not normally commented on.
Home inspections also highlight the positive aspects of a home. In fact, many of the home inspector's observations or recommendations help to dispel home buyer anxieties, and provide useful repair and maintenance suggestions.
For peace of mind, insist on obtaining a building inspection report. The cost is small, usually about $280, when you consider the large outlay for purchasing the property. The home inspections should not be confused with an appraisal, a municipal inspection, or a guarantee of any kind.
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