Real estate agents and resellers should always consider a pre-sale building inspection. Here’s why.
Before selling a building, one of the most crucial actions you can do is a pre-sale building inspection. People should be more careful when selling properties as you are putting money as an investment. You want the building to be in its best condition and get the most out of the sale.
As a seller, you don’t want anyone to scratch the value of your property. If you’re looking at properties to sell, engaging a professional for a pre-sale inspection is worth it. In this article, find out why a pre-sale building inspection is vital. That way, you can protect your transactions as well as your reputation as a real property seller.
What is a Pre-Sale Building Inspection?
Before anything, we need to understand what is a pre-sale building inspection. When selling a property, you need to have a professional look at any issues with your building. The goal of building inspections is to find major issues, potential defects and maintenance problems. You also would want to find structural problems and even safety hazards.
Once you get a professional inspection report, your inspector will inform you about areas that need improvement on the property. From here, you can rectify the problems if you believe it’s worth the increase in valuation.
Pre-sale property inspections happen for many types of things. The most prominent reason why you need it is to have a written account of the building’s current condition. Any significant building problem is one more reason to get prices pushed down or deter buyers altogether. Building issues can cost you thousands of dollars down the line, so inspectors will note if it’s worth it.
When you start pre-sale building inspections, professionals will report on potential problems. Pest inspections are among the most common, together with asbestos inspections. There are also many other specifics aimed at finding the biggest problem areas for your building.
Why you shouldn’t forego building inspections
The most important reason why you need building inspections is investment protection. Most buildings that undergo inspection will likely have defects along the way. Older buildings are hard to maintain, and unless you are steadfast in its maintenance, the property will have problems.
Most property defects can cost upwards of hundreds of thousands of dollars to rectify if left unchecked. It can come to the point where the repair is not worth what value you will get from the sale.
Without a building inspection report, you’re risking value. Selling a building only to discover that it has extensive termite damage during negotiations is a net negative. It can be an issue on the habitability and commercial value of the property itself, removing leverage from your side.
Getting a professional to inspect your building is a must. It can help smoothen the entire process of vetting and see which areas need work. It also enables you to decide if the building has the right value for what you’re getting out of it.
Why hire pre-sale building inspection professionals
A pre-sale building inspection is crucial because it provides you with a smoother transaction. It can be easier to work with the seller on the right valuation for the property. Professional inspection reports can help you negotiate on a better deal.
For example, one crucial part of pre-sale checks is performing mould and mildew inspections and remediations. Most mould and mildew stains scare buyers because it has the potential to destroy an entire property. Mould, when left around without supervision, can be damaging on the structural integrity of a property.
If you have a professional report that outlines the building as a mould hazard, there are a few ways to deal with it. You can also leverage a good professional inspection to speed up negotiations and have buyers stay within the value you want for the building.
Hiring a pre-sale building inspection professional should happen long before any property negotiations. When you’re at the negotiations table, you want to have the report ready by your side. The last thing you want is to waste time starting inspections at the last minute.
Building inspections save you money
As a person selling a property, transparency helps you get the price that you want for your building. With a building inspection, you are communicating that you know what you’re doing. You’re showing a level of transparency by hiring professional building inspectors.
You have nothing to hide.
By doing a pre-sale building inspection, you can also save money by finding problems early. For example, a timber floor inspection can find out if there are any cracks, loose floorboards, termite damage, and even moisture. Done early enough, you can prevent these issues from worsening, saving you a good chunk of change.
With better savings, you can focus on other potential repairs that you need to do. A pre-sale inspection will find out everything you need to know about your home. If your floors are cupping, peaking, tenting, buckling, or crowning, you are due for corrective repairs.
Prevention is better than cure, and this comes back to your building too. By doing a building inspector hire, you save yourself money from working on extension damages in the long run. If you notice issues in your building, an inspection will give you the detailed report you need.
Talk to a building inspector now
Pre-sale building inspections are vital because of the level of information they provide. It gives you a chance to repair and resolve any underlying issues with the property. It helps push up the valuation of the property, as well as keep buyers attracted.
Talk to a professional building inspection team that can give you the right reports you need, when you need it. Prepare the property before you start selling so you can keep as much of the value you want.
Call a pre-sale building inspector now. You need a qualified building inspection team to give you the right insights and make sound decisions accordingly. A proper report can mean the difference between a good sale, and wasted time for both parties.