
When investing in real estate in Victoria, it’s standard and advisable practice to secure a building and pest inspection report on the property you would like to purchase. This requires hiring a qualified inspector who will comprehensively examine the property to uncover any current or looming problems and safety hazards. Building and pest inspection report reports are immensely valuable, providing confidence about the safety of the prospective property or potentially preventing a regrettable purchase.
It’s crucial to verify that the inspector you choose is properly licensed. Holding a valid license is important as it confirms that the inspector has completed relevant training and possesses the necessary expertise to perform detailed evaluations.
Additionally, it ensures that the inspector adheres to established professional standards and codes of conduct, offering buyers reassurance of a meticulous assessment.
Although it is possible for buyers to arrange an inspection before signing a contract, it is more typical to agree to a purchase contingent on a satisfactory building and pest inspection by a designated date.
General Conditions 21 and 22 in the contract specify that the inspection report must come from a registered building practitioner or architect.
If a report is sourced from an unregistered inspector and significant structural issues or pest problems are identified later, your ability to cancel the contract might be compromised.
To prevent complications, it’s advisable to thoroughly vet your inspector before hiring. Ensure that they are registered with the Victorian Building Authority (VBA) by conducting a search or making direct inquiries about their certification status.