Last Updated Sep 14, 2018 · Written by Rob Schneider
You’ve found the house of your dreams. At least it looks like your dream home, but appearances can be deceiving. A building inspection can provide peace of mind and ensure your dream home doesn’t turn into a nightmare.
A pre-purchase building inspection is carried out before the contract is signed and you are committed to the property. A thorough inspection report will detail the condition of several elements, including:
Another pre-purchase inspection worth investing in is a pest inspection, which assesses the home for damage caused by pests such as termites, rodents and other critters.
There is no flat rate for building inspections, as the fee will depend on the size of your property. On the lower end of the scale, an inspection of a small property might only cost between $200 and $300. For an average sized house in a regional area, the cost is usually somewhere between $400 and $500. In metropolitan areas, a complete inspection can be closer to $800 or up to $1000.
Pest inspections are less extensive and so tend to cost less. Expect to shell out around $100-$150 for a pest inspection.
Getting a pre-purchase inspection of every house you look at can get expensive. Wait until you've seen the house you love, but don't let your desire for the house get in the way of paying for an inspection. If you discover faults, you can negotiate a lower price or if the dream house is harbouring nightmares beneath the surface, you can walk away and find your dream house elsewhere.
Building inspectors are independent experts whose only job is to objectively inspect properties. They are competitively priced, so getting quotes makes sense. Just be sure you are getting "apples for apples" quotes. An inexpensive cursory inspection won't uncover all the faults. Your quotes should include everything that needs inspecting.
Some building inspectors are more conscientious than others. To ensure you choose a good one, ask them for testimonials and if they guarantee their reports. This will ensure you receive a quality report and help you move into your dream home sooner.
*Cost and prices in this article are indicative and should only be used as a guide. They also vary locally and are subject to market forces.