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The Importance of Building Inspections

Purchasing a new piece of land is a big decision for many people. Most people dream about owning their own property all their life and yet many fail to ever do so. However, if you have the money to make a jump into the real estate market, it’s an excellent idea to purchase property in a big city like Perth. Real estate prices are only going to increase in the future, and if you own a piece of land in a major metropolis like Perth, you could reap the rewards for years to come. For most people, this is likely the biggest investment that they will make in their life. Naturally, because it is such a huge undertaking, you have to carry out proper due diligence before you invest in any building.

Thankfully, there are a number of private agencies and companies that offer building inspections in Perth. Before you purchase any building, hiring an inspection company to carefully check the building is a great idea. It might cost a bit of money, but it could save you a lot of trouble, especially if the owner is trying to sell off a building with a lot of defects. Here are some of the reasons why building inspections are so important.

Legal Title

Before moving to inspect the physical aspects of the property, the company will first confirm the legal title of the building and make sure that the owner actually has the rights of ownership of the building. If the seller does not have the legal title to the building, there’s no way that they can sell it, and if you end up buying it without checking the title, it might become a part of litigation later on. Why take the risk? The company will inspect the legal title of the building first before moving on to other inspections.

Physical Defects

The company will then inspect the building from top to bottom and compile their findings in a comprehensive report. This basically provides information about the maintenance work that has been done on the building, as well as the current condition that it is in. For instance, if the roof is leaking or if the foundation of the building is damaged or needs repairs, it can have a major impact on the final price of the building. The building inspection report can be reviewed by both parties so that the seller can revise the sale price of the property.

A building inspection will lay bare each and every thing that you should know before you invest your money in the property. While it may cost you a little bit, the benefits of getting a building inspection far outweigh the price that you will pay for it!

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