One of the most efficient ways to buy a property is through auctions. It’s an excellent way to avoid the traditional, lengthy, and potentially very stressful buying processes. But if buying a property through an auction is your plan, it is advisable to perform a building inspection before placing your bid.
You would not want to buy a house at an unjustifiable price. That is why a pre-auction building inspection would help you understand the highest bid the property deserves. Although you are not obligated to carry out the review, its benefits would be in your favour.
Home inspection service providers in Adelaide inspect the building from the foundation to the interiors and exteriors of the building. They will be evaluating the floors and ceilings, walls, under-floor spaces, pools, outbuildings, and even fences. They will also assess the carpets, alarm systems, paint coatings, and appliances if you specify them in the agreement.
One of the benefits you will get from a pre-auction building inspection is identifying the property’s defects (minor and major) that you will get from the inspection results. The information will be helpful to determine the limit of the bid you can place, an amount which the house truly deserves. Continue reading for the importance of a pre-auction building inspection.
The Importance of Pre-Auction Building Inspection
1. Gives You Peace Of Mind
A pre-auction building inspection is the best solution for buyers concerned with the building having defects that they do not know about, which would result in expensive repairs and renovations in the future. A building inspector in Brighton would give every detail of all the property’s defects, giving you peace of mind before purchase. It would play an essential role in making your final decision whether to place a bid for the property or not.
2. Offers Credible Information
Choosing an expert to perform the inspection would be best since they will provide you with credible information by answering your queries upfront. The expert would also give you specific recommendations for other professionals needed based on the inspection results. Particular suggestions include help from experts in pest infestation, structural analysis, and water drainage.
3. Results in Useful Findings for Insurance Claims
Insurers often do not give compensation over a claim that there was a defect in the property before the purchase. The report from a pre-auction inspection can be strong evidence that the property has pre-existing damages. The information includes a list of the minor and major defects and photos that can serve as proof.
4. Recommends Needed Repairs and Renovations
You would not have any surprises after purchasing the property through the pre-auction building inspection, as you already have all the information listed in the report. If you plan to make the property available for rent, you will know how much time the property will be in the queue for tenants while renovating.
Final Thoughts
Many people choose not to get a pre-auction building inspection as they believe that doing so would only lead them to additional expenses. But this process will help you obtain crucial information about the property, including its minor and major defects that would lead to higher costs for repairs and renovations in the future.
If you are looking for a pre-auction building inspection in Brighton, Adelaide, and other key locations in Australia, feel free to book an appointment at Home Inspect SA. Our team of licensed building inspectors will deliver a comprehensive inspection with same day reports so you can plan the next steps right away.
