Are you thinking of purchasing a property? Before you sign any contracts, you should obtain a pre purchase building report in order to ensure that you have all of the information about the property, including any defects and the cost to fix these. Read on for more information.

What is a Pre Purchase Building Report?

A pre purchase building report, as the name states, is a report that you get before deciding whether to go through with purchasing a property. The report identifies any problems or defects in the property and provides an estimate of how much it will cost to fix the issues. The building consultant or inspector will access both interior and exterior areas of the home in order to find problems such as rising damp, cracks, the condition of the roof, ventilation and drainage in the sub floor, decaying timber or termite damage and so forth. If you are looking to buy a commercial property, a commercial building inspection is crucial.

Obtaining a Pre Purchase Building Report

You will need to engage the services of a qualified building consultant or inspector in order to gain a pre purchase building report. Ensure that they are correctly licensed and insured.

Make sure that the report that you obtain is written in clear language and is easy for you to understand. This will make it easier for you to identify defects. However, the report should also be detailed and include all of the relevant information. The report should meet the relevant Australian Standards.