A building inspection report is a modest cost compared to the cost of potential litigation or major repairs.
We are recommending to all our investor clients to consider obtaining a building inspection report on their investment property, if not already obtained, as an extension of our regular routine inspections.
Our routine inspections are inspections to report on the tenant’s care and maintenance of your property and to detail any suggested preventative maintenance noted by the eye.
As we are not qualified building inspectors, a building inspection report will detail preventative maintenance required from a builder’s perspective together with an estimate of cost.
A building inspector will also advise if your property meets the constantly changing building compliance standards, particularly decking, stairs and hand rails which are fast becoming peak areas of litigation against property owners.
Our recommendation to undertake such a report is to minimise the potential of legal action being taken against you as a landlord in the event of an accident, but it also helps to predetermine future costs and may also save you money by highlighting areas of preventative maintenance that, if done in the short term, can save a major expense in the future.
If you would like discuss how to go about this please give your property manager a call to discuss.