The Truth About Building Inspections – What They Reveal, What They Don’t and How to Ask the Right Questions (Ep. 291)

Show notes – Building Inspections

Cate, Dave, and Mike explore the crucial topic of building inspections and building and pest inspections.

They walk listeners through their purpose, costs, timing, and the key differences between the two, offering invaluable advice for anyone navigating the property market. With practical tips and personal stories, this episode is a comprehensive guide to protecting your investment.

1. Why Building Inspections Matter

• Cate explains that they provide buyers with essential insights into a property’s condition, helping them make informed decisions about value and necessary repairs.
• The team busts the myth that a building and pest inspection is simply a ticket to renegotiate price—it’s about understanding the property’s true state.

2. What to Expect from a Building and Pest Inspection

• Mike and Cate outline the dual focus: identification of structural issues, while pest inspections focus on threats like termites.
• Moisture readings, tapping techniques, and external garden checks are just some tools inspectors use to uncover hidden risks.

3. Timing and Cost

• Building and pest inspections typically cost $500–$800, depending on the property and inspector.
• Cate emphasizes the importance of acting quickly and having trusted inspectors ready to meet tight deadlines.

4. Limitations of Building Inspections

• Inspectors cannot perform invasive work or assess electrical and plumbing systems.
• Reports often include disclaimers, so follow-up conversations with the inspector are crucial to fully understand risks and remedies.

5. When You Might Skip an Inspection

• Rarely is it advisable to skip a building and pest inspection. However, properties like high-rise apartments with active owners’ corporations may pose lower risks.

Gold Nuggets

• Mike: “Don’t rely solely on a real estate agent’s recommended inspector. Use a trusted professional who will provide an honest, thorough assessment.”
• Cate: “Even minor cracks in older homes can look intimidating but may not be serious. A qualified inspector can help you differentiate between cosmetic and structural issues.”