Before you commit to buying a property, there are several reports that should be completed. The cost of a professional property inspection is minimal compared to the cost of buying a property that requires extensive and unforeseen repairs.
A building inspection will provide an expert opinion on the property's condition. The report should outline significant building defects or problems.
Pest Inspection Reports
A pest inspection will identify any termite activity or other pests.
Strata and Company Title Searches
A strata or company title report, and a copy of the most recent body corporate minutes, is important when buying an apartment, townhouse, villa or any property managed by a company or body corporate. This search will show the property's history, identify problems, and list past and proposed repairs to other units and common areas.