Pest and Building Inspections

Viewing 8 posts - 1 through 8 (of 8 total)

Tired_of_waking_up_tired
Member
@tired_of_waking_up_tired
Join Date: 2004
Post Count: 3
November 6, 2004 - 5:11 am
Hi all. Do you guys have a rule regarding what type of circumstances would give rise to you getting a pest and/or building inspection prior to purchase? Also, how much could I expect to pay for each of these inspections?
Thanks in advance for your assistance.
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
November 6, 2004 - 5:42 am
I get one regardless.
I pay $250 for Building and about $150 for Pest.
Expect to pay about that or a bit more.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Todays Hot Rate
***3 year fixed – 6.49%***
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Tired_of_waking_up_tired
Member
@tired_of_waking_up_tired
Join Date: 2004
Post Count: 3
November 6, 2004 - 5:51 am
Thanks Simon. So you’d get one even on a property which was 10 or less years old??
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
November 6, 2004 - 7:26 am
Yes.
Shoddy building work can be revealed before it is too late.
You can walk away or use it to negotiate a discount.
Just had a client negotiate another $2500 off due to some minor issues. This was well worth the $250 spent.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Todays Hot Rate
***3 year fixed – 6.49%***
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Tired_of_waking_up_tired
Member
@tired_of_waking_up_tired
Join Date: 2004
Post Count: 3
November 6, 2004 - 10:32 am
Thanks. I had only envisaged it to be a defensive strategy but clearly it could result in direct short term savings also.
westan
Member
@westan
Join Date: 2002
Post Count: 1,950
November 6, 2004 - 11:25 am
Hi guys
i’m with Simon on this one. In NZ we have bought over 100 homes for myself and clients, sadly some homes look great from the ground but an inspection by a builder has occasionally shown up faults and sometimes costly ones like roofs.
these report you get give you some options
1. walk from the deal
2. proceed with the deal
3. renegotiate the deal (sometime saving you thousands.
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Cremin
Participant
@cremin
Join Date: 2003
Post Count: 105
November 14, 2004 - 3:42 pm
For the average person with no experience in building a house, yes pay the money. Just keep your fingers crossed that they actually do their job properly. Personally i’ll never have another one! I am a tradesman and for a start i picked up on more problems with the house we bought than their inspector did. Only to then find out that the t@sser didn’t even stick his head up into the roof cavity! Nor did he check the stumps properly as the house was too low for him to fit his fat arse under! Yet they were quite happy to give us a report saying everthing was honky dory. Nevermind the tree riddled with termites less than 1.5 mtrs from the house![withstupid]
Good luck!
Work smarter, not harder!.
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
November 15, 2004 - 1:25 am
Cremin,
I agree that this can be the case, which is why you need to find a good inspector and stick with him.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Todays Hot Rate
***3 year fixed – 6.49%***
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.