A building and pest inspection can protect a buyer from investing in a property with many structural faults and unknown issues to the untrained eye.
Many of the problems that are flagged are due to the age of a property, and the usual wear and tear. In most cases, you're not purchasing a new home, so unless some major renovations have been made, you're going to expect a few blemishes for instance, chipped tiles, paint chipping, slight movement in cornices, and cracked concrete pathways are not uncommon.
It is the bigger problems that you want to be protected against when buying a property, for instance rotten out floor boards under bathrooms, termite infestation, termite damage that hasn't been fixed, structurally unsound walls. Things that may cost you tens of thousands of dollars.
There are things in older houses that are things to be made aware of, but are not major issues. For instance, a house that was built in the 1960s was built to a different construction code to a house that was built in 2009. A common one we see is where balustrades and hand rails were legally lower in 1960.
Many inspections will flag things but tell you to get your own contractor to review. Older homes with renovations or restructures in the 1970s will often have recommendations for structural engineers to check things out. On the other side of that, I've had rusty chain wire fences flagged, “please consult fencing contractor”. These rusty fences would probably keep just about any rabbit out of the yard, but if the inspector was to say they are fine, and the fence post was to snap off for whatever reason, then the inspector might be liable. So there's a bit of legal coverage there.
Why do the inspectors need the legal coverage?
Inspectors will not be able to see everything. They can not see inside concrete, or inside walls. They will look for telltale signs of things to look for, but they can't predict something 12 or more months down the road.
Ultimately there is always a risk in any purchase – boats, cars, holidays, new shoes, sunglasses, televisions, etc. We continue make these purchases with the acceptance of some form of risk.
What should you do if the inspector finds a major fault?
Discuss the options for rectifying the major issue, will the seller rectify the issue to a standard that you will be satisfied with, or alternatively is there a monetary agreement that you could come to and fix the major issue yourself.
When should you abort?
When should you be worried by a report. Most houses will have minor faults. It's a matter of determining the difference between these faults and a property that is riddled with problems.
The building inspector is not there to give advice on whether to proceed with the purchase or not, they are there to make you aware of what the problem is.
What I like to see from an inspector is when they provide you with a possible solution to the problem, not always a price, but an idea as to how easy or hard it could be to rectify.
This has to be the best opportunity to buy a property and create instant value. This is your chance to purchase a solid home in an excellent position with great growth potential. Situated on a 607 sqm block in a quiet elevated pocket on the Geebung – Wavell Heights border here's a chance to capitalise on some great views.
Your options are limited only by your imagination or your budget, the home itself has a solid structure and lends itself to a full renovation. Currently 3 bedrooms, 1 bathroom and a sleep out that could easily be transformed into whatever your heart desires.
- 3 sizeable bedrooms
- Open plan kitchen/dining
- Gas Cooktop
- High ceilings (2.7m)
- Ornate art-deco cornices
- RC Air Conditioning in dining room
- Elevated position
- Side access
- Separate toilet
- Solid storage under the house (wine cellar anyone?)
- Eastern front aspect
- 100m to St Kevin's Catholic Primary
- 250m to Bowden park and playground
- 1.2km walk to Sunshine Train Station
- 1.1km walk to Geebung Cafes and Train Station
- 2.2km to Westfield Chermside
- 7.5km to Brisbane Domestic Airport
- 10.5km to Brisbane CBD