Added: Jan 31, 2012
From: accessloans
Duration: 5:42
http://www.accessloans.com.au Top Tips For Home Buyers - Part 3 - Pre-Purchase Building Inspections - PrePurchase Pest InspectionsPowerful tips to help you make an informed property purchaseFREE Home Buyer Guide http://www.accessloans.com.au/homebuyer Hi my name is Darryl Simms from Access Loans & welcome back for Part 3 of ourAccess Loans "Top Tips For Home Buyers" series. Today i will be sharing some great tips for New Home Buyers and First Home Buyers on Pre Purchase Inspections, that is, Building Inspections and Pest Inspections on your proposed new homeIn addition we will provide you with an opportunity to secure your free copy of our Home Buyers Guide eBook, which is a "MUST READ" for all Home Buyers. Finding your dream home is an exciting time and buying a new home may be the largest financial commitment of your lifetime, therefore it is important to ensure you are purchasing a quality property with no hidden surprises.Many homes sold in Australia have significant hidden faults leading to unplanned repair costs for unwary buyers.If you buy a property with serious faults it could cost you thousands to fix, plus the added time and stress involved in organising repairs. These unexpected costs are typically added to your mortgage, which may dramatically increase your repayments. Spare yourself heartache and hidden costs by having your new home inspected by a professional building inspector before you buy.A written Pre-purchase Property Inspection Report will give you peace of mind, reduce risk and could save you thousands!With a professionally prepared Property Inspection Report you will know immediately if there are any serious building faults.This report is extremely valuable when you are negotiating your property price, making a property bid or applying for finance.Most importantly, it will give you confidence to proceed with the purchase of your new home.Your property inspection report should cover of the entire property, including all buildings, fixtures, fittings and finishes plus roof spaces, the roof exterior, under-floor space, small retaining walls and surface water drainageYou may also request extra items be inspected, such as: signs of asbestos problems a functional electrical safety switch and smoke alarms Make sure you specify any particular items or areas on the site that you want inspected. A professional inspection company will provide you with an easy to follow report containing the findings of the building inspection, identifying major defects, minor defects and maintenance items.It should also include an analysis of the probable cause and advice on how best to fix these issues and in some cases might give you an indication of expected costs to rectify the faults. All this information is invaluable in calculating how much you should pay for your proposed new home.A pest inspection is not always included in a Property Building Inspection Report and is an assessment of any active or de-activated Pest activity in and around the property.Issues like termites in your property could incur high costs to repair and to de-activate the termites, which is not covered by any insurance company.Note: some companies offer a combo package that gives you both the Property Building Inspection report and the Pest Inspection Report combined in one service.If you are purchasing at Auction you will need to have your Property Building Inspection report completed a few days prior to the auction.For private sale purchases it is ok to organise your Pre-purchase Property Inspection Report after your offer has been accepted provided you complete your Property Inspection Report during the 3 day cooling off period. Organising your Report during the 3 day cooling off period allows you to easily back out of the purchase. It is much harder to back out of your purchase after the 3 day cooling off period as the Vendors may undertake their own Report and contest your Property Inspection Report.Fees for Property Building Inspection Reports range from $300 to $800 with most coming in under $600. Pricing is dependant on how large the property is and whether you require a Pest Inspection Report included with your Building Inspection Report.Surprisingly anyone can do a home inspection without qualifications, experience, insurance or building fault knowledge Australia Wide, except for Queensland.To ensure you end up with a Professional Inspector contact our office and we will introduce you to one that has been tried and tested by many of our clients.That's it for this video.....wishing you all the best with your house hunting and make sure you check out the other videos in our Access Loans series of "Top Tips For Home Buyers" Remember to subscribe to our channel above and head on over to http://www.accessloans.com.au/homebuyer for your free 21 page home buyers guide eBook. Thanks for watching & I look forward to seeing you inside our next video
Channel: Education
Tags: tags home home buyers purchase home pre-purchase inspection pest inspection building inspection
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