When you are planning to buy a property, you may be wondering what a pre-purchase building inspection will cover. A building inspection will cover areas of the property that you might not see otherwise. It is also important to ask your inspector about any hidden problems with the property. Some inspectors will also do a pest inspection as a separate inspection. However, these inspections may not be comprehensive and may not reveal all of the issues you need to know before purchasing a property.
Cost of a pre-purchase building inspection
The cost of a pre-purchase building inspection depends on many factors. These factors include the size of the property and the type of building you’re buying. For example, a large office building, shopping center, or manufacturing facility will require an expert inspection team and a large fee. You may decide to pay a percentage of the total purchase price or a flat fee based on the size of the property.
The pre-purchase building inspection report will include written and photographic evidence of defects in the property. It will also identify which tradesman should be contacted in order to rectify any defects. The report will be produced in a user-friendly format so that you can easily understand it.
Areas of the property covered by the inspection
A pre-purchase building inspection will identify major defects in a property. However, the report will not detail the estimated costs to repair these issues. If the inspection uncovers problems that require extensive repairs, it may be wise to have a second report prepared by a specialist.
The pre-purchase building inspection is an excellent way to uncover any safety hazards and potential areas for devaluation. The inspector will check the exterior of the property, as well as the structure of the building, for deterioration and unsoundness. They will also look at the materials used in construction and assess the condition of the damp-proofing. If they find any warning signs, they will alert you to them, so you can make an informed decision when purchasing the property.
Cost of a termite and pest inspection
The cost of a pest and termite inspection is often included with a pre-purchase building inspection. However, the cost can vary depending on the type of inspection you need and how many rooms and areas the property has. A pest inspection is also necessary if you are applying for an FHA loan, which requires you to purchase a home that is free from wood-destroying insects. If you have a problem with termites, you must have the property professionally inspected and exterminated before you can apply for an FHA loan. The cost of a pest inspection may vary from $250 to $400. Usually, the seller will cover the cost, but some companies will offer a discount if they are hired to treat the home as well.
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