Selling a house in the ACT
If you’re selling a property in Canberra, you’ve no doubt had to put some thought and consideration into residential building reports.
In the ACT, house vendors are required by law to provide several building reports to potential buyers before sale—a scheme developed with the aim of protecting buyers by providing all the relevant information about the property before they commit to the purchase.
It can be largely beneficial for buyers as one previous reader commented ‘having the seller present it up front means that houses with serious issues can be dismissed right away…’. It also means that if you’re trying to sell a property which is in good condition, buyers will know this right from the get go and potentially be willing to pay more for your property.
What to look for in a building inspection report
To make sure you meet your mandatory requirements your inspector should provide the following reports:
- a Building Report which should look for any significant building defects
- a Pest Report which looks for the presence of and the damage to the structure of the home caused by pests, specifically termites
- a Compliance Report will identify the age and approval numbers of any structures on the property, and
- an Energy Efficiency Report which will provide an overall energy efficiency star rating for the home.
A lot of building inspection companies are very experienced in conducting vendor-building inspections and will offer seller bundle packages, where all four reports are combined into a single report.
What if you’re a buyer?
If you’re looking to purchase a property, while it may not be necessary, you may feel more comfortable conducting your own additional independent building inspection for added peace of mind, however in this previous post a buyer raised the issue that ‘…the competitive nature of home buying over the twelve months that we were looking meant that if you took the time to organise your own building inspection, you were likely to lose the property…’
While it does take a little time and some extra investment on behalf of the buyer, most building inspection companies now also offer fast tracked buyers’ inspection reports at a reasonable price, so it’s well worth giving it some consideration given your home is likely to be the largest purchase you ever make.
Another tactic suggested by a reader was that you can also make an offer “subject to satisfactory building report”, where they can request an independent inspection after making their offer.
Reputable building inspection companies
If you’re shopping around for a good building inspector to develop a report to accompany the sale of your home, here are a couple of good options to consider:
First Call Property Inspections (FCPI) offer a complete inspection service including property & building inspection reports, pest inspections, compliance reports and EER reports.
First Call Property Inspections offer you peace of mind as all of their inspectors are licenced building assessors with a minimum of 15 years in the building industry. FCPI inspectors have also completed a specific pre-purchase property inspection course with Housesafe Training and Education.
Completed reports will be issued within 1 to 5 days (depending on package chosen). FCPI offer a deferred payment option so you have no upfront cost, with the purchaser paying for the reports on settlement.
Canberra Building Inspections
For Canberra Building Inspections based in MacGregor, vendor inspections are their specialty and they only use highly qualified Registered Builders to conduct their inspections. They can inspect any type of property including houses, units, shops and offices and if they find any significant defects, they can recommend solutions to address the issue before sale.
The turnaround time of their reports is 4-5 days and costs $797 for the full package of all four inspection reports (or $1,077 if you opt for the deferred payment option). They’ll also charge an extra $100 if you have a large house.
Rapid Reports in Tuggeranong also offer a 4-in-1 report package for sellers with a $0 upfront option, a standard 4-5 day package for $990, a Rapid Fast Track 3 day option for $1190, or a Rapid Emergency 24 hour turnaround package for $1290. They also deal directly with your agent or solicitor. They’re a family owned and operated business and have experience in all facets of construction management and building trades.