Why should I obtain a Building Inspection Report on my investment property?

18-Dec-2014

We are recommending that all our landlords consider obtaining a Building Inspection Report on their investment property as an extension of our routine property inspections.

Our routine inspections are done to report on the tenant's care and maintenance of your property and to detail any suggested preventative maintenance measures. As we are not qualified building inspectors however, we are unable to highlight potential issues that only someone with the appropriate qualifications could identify.

A professional Building Inspection Report will detail preventative maintenance required from a builder's perspective together with an estimate of the cost to have the work done. A building inspector will also advise if your property meets the constantly changing building compliance standards, particularly in terms of decking, stairs and hand rails, which are fast becoming peak areas of litigation against property owners.

We are recommending the undertaking of such a report not only to minimise the potential of legal action being taken against you in the event of an accident, but also to help predetermine future costs. Highlighting areas of preventative maintenance could save you a fortune in the long run as it's always better and cheaper to address issues early before they become major problems that are expensive to repair. A building inspection report is a modest cost compared to the cost of potential litigation or major repairs.