Is a building and pest inspection that important? Is it necessary to have a property inspected by a professional when buying and how much does it cost?
For most people, buying a home or an investment property is the biggest investment they will ever make. Yet many enter into a contract to purchase giving little thought to checking out the property. When people buy a second hand car they usually have a mechanic check it out for any body or mechanical faults or defects. Doesn’t it make good sense to have a much more valuable acquisition such as a home also checked out by an expert before buying?
A building and pest inspection report will usually cost somewhere between $500-$700. This is a small price to pay to be fully informed and confident that the property you are buying is sound and free of any major structural defects or termites. This would go a long way in eliminating any unpleasant surprises later.