What is a Pre-Purchase Building Inspection?
A pre-purchase building inspection is an assessment of a property’s condition that is conducted by a qualified inspector. It covers everything from faulty roofs to rising damp and cracked walls, and generally includes information on whether these faults can be repaired.
A lot of buyers ask their inspectors to check for pest damage during the inspection, too. This usually costs a little extra, but is generally advisable, given the extensive damage termites and other pests can cause to the structural integrity of the property.
How much does a building inspection cost?
The cost of a building and pest inspection will vary from state to state, and inspectors operating in metropolitan areas will generally charge more than those working in regional areas. However, they rarely cost more than $600.00
Given your home will cost well into the hundreds of thousands of dollars, it’s a small price to pay for peace of mind, and ultimately a lot less expensive than buying a home that needs extensive repairs.