45 | Why Should You Conduct a Pre-Purchase Building Inspection and What Could Go Wrong? - Chat with Paul Baker
Episode description
Welcome to The Property Couch’s first episode in 2016! Joining us on the podcast today is Paul Baker from Inside Out Property Inspections.
As mentioned in Episode 22 and Bryce’s video on “When to conduct a building and pest inspection“, pre-purchase building inspections are non-negotiable for us. We cannot emphasise enough the consequences of buying a property only to discover later on that a lot more money has to be put in to ensure its livability. Not only will this impact the investor’s cash flow but it will also affect any property plans that have been put in place.
Leveraging Paul’s background as a building inspector and builder, Bryce and Ben will chat about:
- Why a pre-purchase building inspection is so important
- The obvious tell-tale signs of water damage, footing and stumping issues
- How much a buyer should expect to spend on an inspection
- When an inspection should be conducted
- Best way to decipher a building report
- A few horror stories from IPI’s Book of Horror!
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