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Media Release |
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Frankston Debacle Over Units Shows Value of Pre-Purchase Property Inspections
Wednesday, 18 August 2010 12:08
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Archicentre, the building advisory service of the Australian Institute of Architects said the issuing of a notice by the Frankston City Council to the tenants of Pinehill Drive units, with concerns over missing fire-safety measures and the threat of electrocution due to extensive water leakage could have been revealed by an independent pre-purchase property inspection or a construction advice report.
David Hallett, Victorian State Manager of Archicentre said the key issue for people buying property is to protect their personal and financial interests with an independent inspection to ensure the property is in good condition before signing the contract or to have a status quality report on the construction of the new home or renovation before making the final payment. "Once the contract is signed it is too late and the buyer can be stuck with hefty repair bills and associated legal costs from a dispute over the quality of the home, which in some cases has run as high as $250,000."
Mr Hallett said for many home buyers who purchase without an independent pre-purchase property inspection or a construction advice report, the full extent of the problems only become apparent after they move in and experience the faults first hand.
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