Property Inspection Reports and Real Estate Agents
The Importance of Property Inspection Reports
If you are buying a new property, it’s essential that you get a property inspection report, which outlines the property’s condition. The report is a written account detailing any defects, safety hazards or structural damage the property might have which you’ll need to get fixed.
It also provides general information such as the property features and give you a sense of the local area. This information is crucial in helping you decide whether you should purchase the property and may save you thousands in repair costs.
What’s in a Property Inspection Report?
A property inspection report should contain detailed information about the building and property site, ranging from features to problem as well as other important information, such as whether planning or building permits were obtained for extensions and renovations or whether the property is in a bushfire prone area.
It should be structured like so:
- Client and site information – This outlines who the report was prepared for and the specific location where the inspection took place. It also includes details such as the specific date, time and weather conditions when the inspection was made.A description of the property is also included, outlining the type and style of property and detailing features like walls, flooring, roof structure and roof covering.
- Description of the site – This category details information about property features that are not attached to the property itself, such as fences, driveways, gates, letterbox, steps, paths, clothesline, pools, spa, entertainment areas, garages, carports, sheds, retaining walls, ponds, flag poles and the garden.
- Description of the exterior – This details information about features attached to the exterior of the property, such as patios, stairs, balustrade, balconies, brickwork, blockwork, lintels, cladding, windows, doors, chimneys, laundry, storage rooms, sunrooms and garages. Any defects and safety hazards are described and photographed along with recommendations on what to do.
- Description of the interior – This includes information about features in the interior of the property like walls, ceilings, floors, stairs, benchtops, cupboards, sinks, taps, tiles, showers, basin, mirrors, ventilation, damp problems, skylights etc. Once again, any issues are recorded along with recommendations on how to deal with them.
- Description of subfloor – Where a building has a subfloor that is accessible, the inspector will look at the subfloor area, checking for any visible defects or safety hazards associated with moisture damage, rot, drainage, ventilation and structural damage.
At the end of the property inspection report, there is usually a summary and conclusion section that outlines the key issues with the property that need to be addressed as well as the overall condition of the building compared with similarly constructed buildings of approximately the same age that have been well maintained.
Common Structural Problems
The following issues generally indicate that there are structural issues with the property that need to be fixed:
- Cracked walls may mean that the house is sinking, requiring the replacement of stumps.
- Mouldy walls, peeling paint, lifting tiles or pools of water in wet areas can indicate excessive moisture
- Fretting (where the mortar between the brickwork falls out), sometimes indicating major structural problems
- Loping or bouncy floors may mean stumps need replacing
- Damp brick walls can indicate rising damp or salt damp
- Blisters or bubbles on paintwork can indicate termite activity
- A sagging roof or cracked or broken roof tiles may involve costly roof repairs or replacement.
Keep in mind that if any illegal alterations have been made, they may become your responsibility once you sign the contract of sale during the conveyancing process.
Need Conveyancing Services in Victoria?
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