Some do not know that pre-purchase inspection is essential before buying a building in Melbourne. They think that it is just an extra expense, hence would rather buy a building immediately without assessing the building’s current condition. Regretting is what you need to avoid when buying a property since the money you invested to buy one is hard-earned and of high value.
To make your building investment-worthy, Gallo offers pre-purchase property inspections in Melbourne. If you are not convinced yet about it, read below:
Check for the building’s structural integrity and issues
One of the major reasons why you need their service is that they can stop you from buying a building that has many structural issues. The weakness of a building may cause a collapse that can injure or even kill a person. And these issues may lead to major construction that will cost you not only financial difficulties but heartbreaks.
Assessment of possible repairs and renovation
Do not get deceived by discounts, as most of the time, if not all the time, repairs are required to put the building back to its good shape. Hidden issues may not be declared by the seller, intentionally or unintentionally, and these issues you can discover if you hire a pre-purchase building inspector in Melbourne.
They can provide you with an estimate of the amount you need to save up to bring the structure where you want it to be. And with this, you would know how much you need to budget for the repairs and renovation.
Identifying the building’s unsafe areas
You would not want to live or stay in a hazardous building. The inspector can identify any unsafe areas of the building, like loose balustrades, cracks in floors and walls, and the existence of asbestos. Uncovering the hazardous areas of the building can help you decide whether you want to purchase that building or you would rather find something else.
This is important, especially if the building you are buying is for your family. Make sure that all areas are safe for your kids to play and run around. Know how much do you need to add to make the building 100% safe for your kids and assess whether the amount you need to spend is worthy of buying the building or not anymore.
Smoke alarms and electrical wiring
Faulty electrical wirings are not visible to the naked eye. And you should know how dangerous it is to have these faulty wirings around the structure. Faulty wiring may cause fire and electrocution.
Also, the availability of smoke alarms is required to ensure that in the event of a fire, fewer injuries, death, or negative implications will occur. You can ask this directly from the building owner but needless to say, an inspector can assess whether it is still functioning right or not anymore.
If these issues were discovered, you would be allowed to negotiate with the building owner. By hiring a professional inspector, you can negotiate for a lower amount to make sure you will get what you have paid for and have enough money for repairs. They can also advise you whether the building is still good to purchase or you have to consider other options.