Buying a Property During Storm Season

The recent spate of severe storms in Brisbane drives home the importance of keeping a home well sealed and dry. Moisture in the form of leaks and water ingress and more seriously, flooding will cause mould, decay and damage to a property. Coupled with warm temperatures and humidity, this may, in turn, encourage termites which can do further significant damage.

As a buyer, you need to be vigilant for signs of moisture, ask yourself the following:

5 Things to Look for When Purchasing or Buying New Property

Owning a property has always been the Australian dream but purсhаѕing a рrореrtу аlwауѕ ѕееmѕ like a major and laborious task to dо.

Finding the right property that fitѕ within your budgеt аnd suits уоur requirements iѕn't асtuаllу ѕо diffiсult if you know what to look for. Onе needs tо сhесk if thе сurrеnt mаrkеt iѕ in your favour аnd will fetch good rеturnѕ оn thе investment. Bеlоw is a few useful tips thаt will help уоu in buуing or purchasing a рrореrtу аnd mаkе the entire еxреriеnсе less ѕtrеѕѕful.  

Cracking Mentioned in Your Property Inspection Report? How Serious Is It?

The sight of cracking can put fear into a buyer's heart. Yet most properties will exhibit cracking at some point in their lives as materials age and settle to accommodate changes in the building's environment, especially if the builder has not allowed for this by installing expansion or control joints. Often cracking is inconsequential, affecting only the appearance of the building and if static, can be simply repaired. However, cracking can also be a serious distress signal that the building's serviceability or even stability may be under threat.

Why You Need a Building Inspection and Pest Inspection Combined

Most of us will purchase our home upon the condition of a satisfactory property inspection report. Engaging a qualified professional to inspect what will probably be the biggest purchase we will ever make in our lives is strongly advisable. However, while the focus tends to be on the building inspection component, often another key inspection tends to be downplayed or even overlooked.

Why a Building and Pest Inspection Tests for Signs of Water

Living in Queensland is beautiful one day, paradise the next. But there is a down side to all the high humidity and rainfall of tropical Queensland with its regular flooding and that's water damage to our homes. Water may look benign but apart from structural defects, water is one of the major concerns of a building inspector, especially if water issues continue unaddressed within the home. Water itself can lead to substantial structural problems.

Have Termites Created a New Super Hybrid?

The world's most destructive termite species, Formosan subterranean termites (Coptotermes formosanus) and Asian subterranean termites (Coptotermes gestroi), were previously thought by scientists to be prevented from interbreeding due to their distinct, separate swarming seasons. However, with climate change and human activity, they have recently been observed to swarm simultaneously in South Florida.

Home Inspections and Caveat Emptor. What's the Connection?

You've probably heard of the Latin term Caveat Emptor or "buyer beware"... but what exactly does it mean and how does it affect you?

According to Cornell University Law School, it’s “a doctrine that often places on buyers the burden to reasonably examine property before purchase and take responsibility for its condition, especially applicable to items that are not covered under a strict warranty.” It has been consistently applied in the property industry right across Australia.

Building Your New Home... Good News!

Up until now, the quality of your build has often been negatively affected by subcontractors employed and supervised by your builder not being incentivised to deliver the quality both you and your builder require. Only the principal contractor and not their subcontractors were held to be responsible for work. Disputes involving untradesmanlike work and unmet schedules have become rife within the residential building industry .

Home Buyer Beware

Understandably, many vendors are anxious to sell so that they can get on with the next phase in their lives, perhaps even on to their next home, pending the sale of their current property. Unfortunately, in their eagerness to sell, vendors may behave rashly in an attempt to present their property in its best possible light. As a buyer then, you need to be constantly on your guard for these tricks including:

The Building & Pest Inspection Clause in the New REIQ Houses & Land Contract

There is a popular misconception that getting a Building and Pest Inspection on the property you're buying is mandatory.

Quite to the contrary, just because there is clause 4.1 under Terms of the REIQ Houses and Land Contract, doesn't necessarily mean that you are obliged to follow through or even take it up. However, you would be extremely foolish not to.

A Building and Pest Inspection Doesn't Include a Pool Safety Inspection

If you've just purchased a property, no doubt you're nervously awaiting the results of your building and pest inspection. But there may be yet another inspection you need to have done particularly if the property has a pool or spa, a pool safety inspection is not normally included as part of a pre-purchase building and pest inspection as it must be conducted by a specialist licensed pool safety inspector.