Why a Pre-Purchase Building Inspection Is Worth It

Buying a home is likely one of the biggest investments you’ll make, so ensuring your property is in good condition before you commit is crucial. Hidden issues can turn your dream home into a financial nightmare.

Even the most attractive properties can conceal costly issues, but a pre-purchase pest and building inspection can identify potential problems like structural defects or pest infestations. Taking this step could save you from unexpected repair bills or help you make a more informed decision about whether to proceed with the purchase.

What Does a Pest and Building Inspection Cover?
A building inspection involves a qualified professional, such as a licensed builder, conducting a thorough review for serious defects like structural damage, faulty footings, or rising damp—issues that are often costly to repair.

For a small additional cost, you can combine this with a pest inspection. This can identify potential problems like termite or borer infestations that may cause significant damage to the property.

Common issues uncovered in pest and building inspections include:

• Active termite infestations
• Structural defects
• Outdated or unsafe plumbing and wiring

Identifying these risks early can save you significant time and money in the long run.

How Much Does It Cost?
While buying a home comes with many upfront costs, a pest and building inspection is one expense worth prioritising.

The cost depends on factors such as the property size, the service provider, and the location, but here’s a general guide:

• Building inspection: $200–$500
• Combined pest and building inspection: an additional $100–$150

This relatively small investment can help you avoid much larger expenses down the track.

What If the Inspection Reveals Issues?
A poor pest or building report doesn’t have to mean the end of the road. It can give you the opportunity to negotiate a lower price based on the cost of necessary repairs.
To prepare, gather quotes from builders or pest control experts to estimate repair expenses. If the problems seem too severe, you may choose to walk away and continue your home search.

Need Guidance?
We’re here to help! We can recommend trusted conveyancers who can provide a list of inspections to consider for your property. Most conveyancers can also connect you with reputable inspectors to ensure the process runs smoothly. Reach out to Kerry from KLM finance to learn how to make your home-buying journey a more informed and stress-free experience.