When should I book a building inspection? is a common question and this varies depending on if you are a cash buyer or obtaining finance, applying for Keystart finance, buying at auction, if the property is being sold as a mortgagee sale, or you may be renting and looking at putting an offer in on that property and for a host of other circumstances, such as building a new home. We offer free no obligation advice, so call seven days a week and we will assist you over the phone or via email.
Most buyers obtain new finance for the purchase of an established home , and if the home is over a certain age the lending institution may even made it a condition of approval that a pre-purchase building and /or timber pest inspection is required or you simply want inspections performed for your piece of mind.
In almost all cases there is wording added to and written into the offer to purchase (often in the way of an Annexure to the contract) outlining timing for these inspections to take place and what the Seller responsibilities are, so it is important you read the sales contract to fully understand the conditions and timing deadlines, if you are unsure your settlement agent can assist or contact us and will be able to help you.
Generally the building and/ or timber pest inspections are carried out after initial finance approval and need to be completed with 5-10 days thereafter. While not as common some sales contracts specify 5-10 days after the contract is accepted (regardless of finance) It is suggested that you understand the timing deadlines so you do no miss out on your rights and wishes being carried out.
Inspection of new homes will be determined by the builders completion of major construction stages, these can coincide with the progress claims that the builder makes for payment under the building contract, or for most new homes we recommend an inspection at plate height (completion of brickwork), the roof frame and then at the end of construction which is referred to as practical completion (PCI).
Each new home is different, and there no need for you to spend more on inspections that necessary, if you email us your building plans we will assess these at no cost taking into consideration the complexity of the design, soil conditions and then suggested which inspections may be most appropriate for your new homes built.