In simple terms, it is the building inspection that is made before buying the property.
Buying a property is a major investment and the more information you have about your potential property, the better off you’ll be.
During this inspection, a qualified inspector assesses the condition of the property. It typically involves checking everything ranging from damp basements to cracked walls and falling off shingles.
A report will be prepared which typically includes information about these faults, whether these can be repaired and the potential cost of those repairs. In many cases, buyers require inspectors to specifically check for any pest damage in addition to other things. This may come at an extra cost but is generally advisable as termites and other pests can cause extensive damage.
Typically, an inspection takes anywhere from 1 to 2 hours. Once the assessment has been completed by the inspector, a written report will be prepared by them based on their findings.
In many cases, companies guarantee to give this report within 24 hours of inspection completion. There are also companies that take a few days to prepare and deliver the report.
If any particularly worrying issues are raised by the inspector in the report, it’s recommended to get a more detailed assessment from an expert such as an engineer, electrician, plumber or others before you take the final call.
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