A building inspection is recommended to rule out any deficiencies the property might have that could change your mind about purchasing. These might include termites, water damage, or structural issues. You will buy the property ‘as is’ on the day of sale. That means that if the air conditioning doesn’t work, the plumbing has problems, or it is infested with termites, the vendor won’t fix those issues before settlement. Having a fresh pair of eyes who knows exactly what to look for is a valuable asset that can save you a lot of stress further down the line.
For new buildings, even if your property has a current builder’s warranty insurance policy, you should be aware that non- structural defects (which comprise more than 90% of the issues that we see) are only typically covered for the first 2 years. Trying to get a builder to rectify works once a development is finished is not always easy, so obtaining a building inspection for new properties is just as important as older properties.