During a housing boom, the price of houses increases significantly. A Melbourne home you wanted to buy some months ago could have doubled in value. Just like with any economic situation, there are things you’ll need to be wary of.
People take advantage of housing booms, and you could fall victim to that.
It would help if you had a building inspector during a housing boom so every choice you make is right. Without one, you’ll get cheated and ultimately purchase the wrong house. Building inspectors are so important because:
Regardless of the economic atmosphere, you never want to buy a defective house. However, you’ll still want to ensure you get your money’s worth.
Inspecting a house yourself is always bad because you’ll miss many things. You’ll miss many design flaws and defects because you don’t know what to look for.
When they enter the premises, a building inspector starts analysing the house. They’re very thorough and don’t miss anything.
So the only way to ensure your home is safe is if you have building inspections done. Once you know the problems of a Melbourne building, the rest gets easier.
Home prices fluctuate during a boom, so you want to decide quickly. Unfortunately, being slow to choose could affect you in multiple ways.
There’s always a rush for houses because nobody knows what the price could be tomorrow. So, somebody could buy a home you were considering because you weren’t fast enough.
You'll get your things done quickly when you know the strong homes from the weak ones. For example, closing a home could even take less than a week with building inspections.
You don’t have to settle for any price you’re given because the market is unstable. You can still negotiate and get sellers to reduce their prices. All you need is to be armed with a building report.
After building inspections, inspectors will present you with a report outlining the details of a house; it’s very detailed.
You can use the information in the reports to get a better price because you’ll show the seller all the defects in their home. This is very helpful if you’re on a tight budget and need a good deal.
If you settle for a home with many issues, you’re still in safe hands. Building inspectors have professionals on call that they can recommend to you.
Since building inspectors are construction experts, they only recommend fellow professionals.
If you decide to do repairs yourself, your building inspector will give you an estimate.
So automatically, you’ll know how much the repairs should cost you. So alongside the repairs, you’ll also be saving money.
You need all the help you can get before buying a home, so why not get the right type?
Premium pre-purchase building inspections ensure that every choice is the right one. Contact us to get started!