Building Inspections 101: How to Avoid Costly Mistakes
How can you avoid future costly problems when buying your first property?
In this insightful episode, Nicola and her dad, John Keflianos, dive into the world of building inspections for prospective property buyers.
They discuss why every buyer, whether looking at new or old properties, should prioritise a professional inspection to uncover potential issues that could lead to costly repairs down the line.
John shares expert advice on what questions to ask inspectors, the common structural problems to watch for, and how to interpret the findings in a building report. He also highlights the importance of knowing when to walk away from a deal, especially for first-time buyers with limited budgets.
This discussion is packed with valuable tips and insights to help you navigate the property buying process confidently. Don't miss out on this essential guide to making informed decisions in real estate—click on this episode now!
CHAPTERS:
00:00 - Introduction
00:48 - Purpose of a Building Inspection
01:22 - Cost of Building Inspections
01:36 - Size and Cost Relationship
02:08 - Questions to Ask the Inspector
02:36 - Understanding Repair Costs
03:21 - Contents of the Builder's Report
04:32 - Major Issues and Inspector's Advice
06:04 - Timing for Building Inspections
06:39 - Arranging Inspections with Offers
07:10 - Cooling Off Periods
Chat with John about how much you can borrow:
johnk@financelab.com.au
Finance Lab:
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Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalised advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution.
