What’s A Pre-Purchase Condition Report and Why Is It Important?

A pre-purchase condition report will provide you with an accurate assessment of the condition of the building before purchase. This will help you make an informed decision, knowing if you are buying a solid building or are about to purchase something with defects that will need work. Using the condition report, you can negotiate the purchase price to cover the amount it will cost you to rectify any major defects found. Organising a condition report is very important and should be considered. Knowing the overall of a building and whether it complies with building regulations is imperative.

The condition report will greatly assist you in the event of a dispute that is hard to resolve and protect you against any assumptions made by other parties regarding the status of the building.

pre-purchase condition report undertaken at a residential property

Professional report created so your builder can see what needs to be rectified