Buying a new house is a daunting prospect at the best of times, especially if it’s your very first property. Many young couples for example, tend to feel that the entire home buying process is stacked against them – which it is. Every professional involved in the process, from lawyers to conveyancers, buyers to vendors and real estate agents, are all interested in one thing and one thing alone – making a profit. If they are successful in convincing you to purchase a property then they stand to make a commission and at the end of the day, this is their primary objective.
Building inspectors on the other hand, have no such biases and are purely concerned with doing the right thing by the potential home buyers. They are obliged to be forthright with their findings and completely transparent with any reports, meaning you get the truth and not some over inflated sales pitch. A building inspector still gets paid the same regardless of whether the property is sold or not, which means they stand to gain nothing by misleading a home buyer.
Don’t let the agent talk you out of a property inspection
It’s an unfortunate reality that many real estate agents convince home buyers to forgo a property inspection in an effort to score a higher offer. It is in their best interest to get as much money as possible for any given property, but their ability to do so is jeopardised if a building inspection reveals any defects.
Keep in mind that almost all new houses have defects due to young or inexperienced builders who are still learning as they work on any given property. A professional building inspector is likely to identify 15-20 defects on a new house, whilst older houses may have as many as 20-30. These issues can include issues with asbestos, poor wiring, inferior light fittings that are a fire hazard, termites, and mould, just to name a few.
Once a home owner becomes aware of such defects, and they have a more comprehensive idea of how much it will cost them to get them repaired, they are automatically in a better position to negotiate a more favourable price. This is something that the real estate agent would prefer to avoid.
Why you’ll never find a reliable building inspector without grey hair
Many young building inspectors are too scared to be completely honest in their inspection reports regarding certain defects for fear of being sued. This is why it’s important to choose the older, veteran inspectors who have the confidence and the experience to offer a comprehensive and brutally honest evaluation.