What’s in the cost? How a quote for a property inspection report is calculated
So you’ve found your ideal home. Everything looks perfect, the real estate agent is happy, and you’re keen to move into your new place. Not sure if the cost of a property inspection report is going to be worth waiting a little longer to sign on the dotted line?
I get it… buying a house is already a pretty big investment, and spending any more money on a home inspection might feel like the last thing you want to do. But, it’s important to enter into any agreements 100% prepared, which is why an inspection is so important. Here, I’ve outlined why a property inspection report costs what it does – and why the results outweigh any cost!
Time, time, time!
When you think of how long a property inspection might take, you might just consider the time spent on site doing the inspection and making notes. Any property inspector however can tell you that’s just the beginning! Writing up a report and ensuring that everything is correct is a hefty task, and one that requires a lot of attention to detail.
The level of risk can also affect the cost of an inspection. If your property inspector is experienced, they’ll know immediately which houses are high risk and will take more time, and which are low risk. High risk properties will always cost a little more, just because there’s a lot more that needs checking.
It’s all in the details
With property inspections, there’s certainly not a one-size report that fits all. The cost of a building inspection can vary considerably depending on the age or size of the property, as well as the cladding and complexity of the home. There’s a lot of small details that can also make a big difference to the time it’ll take to finish a house inspection – a 2 bedroom bungalow can be no different cost wise to a 4 bedroom bungalow, but could be significantly different compared to a small 2 bedroom unit.
The quality of report
With most things, you get what you pay for. A property inspection report is no different. If you’re wanting a quality, in-depth and comprehensive report from a qualified inspector, you can’t be expecting it for a couple hundred dollars.
A property inspection report might seem costly, but just consider the cost of going without one. It might save a bit of money now, but it certainly won’t save you anything in the long run if your new home has an expensive problem you don’t discover until after moving in!
Having the peace of mind that your new home is safe with no hidden problems is a priceless feeling amongst the hustle and bustle of moving. I wouldn’t even question it – the cost of a home inspection is always worth it compared to the cost of big repairs.
Have any more questions about a quote for your potential property? Get in touch with us for some honest advice.
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