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Building and Pest Inspection Advantages For Buyers and Sellers

Building and Pest Inspections – For Buyers and Sellers

Building Inspections For Buying and Selling

Learn The Advantages Of Getting A Property Inspection

A Building and pest inspection involves inspecting commercial and residential property by a qualified contractor. Inspections are necessary before buying or selling a property to ensure that the building has no defects, meets building regulations and standards, and has no pest infestation. Before any negotiations can start, it’s important for a home seller or buyer to have professionals carry out an inspection. Australia has a thriving property market and homes are bought and sold frequently. This has brought in a strong demand for property inspectors in all capital cities but mainly the East Coast including Melbourne, Sydney and Brisbane. We were able to source allot of good information from Pro Inspections Brisbane, they service the South East region of Queensland. If you are thinking or buying or selling your property it is important to get a qualified inspector to do a thorough check of the building and surrounding areas.

http://www.proinspections.com.au/

Building Inspections

A building inspection normally assess the integrity and condition of a building to reveal vital information useful for buyers and sellers.

Typically, a building inspection assesses the following:

  • Plumbing and electrical systems
  • Bathroom and kitchen joinery
  • Pathways and concreted paths
  • Doors and windows
  • External piping and guttering
  • Roof, walls and attics
  • Wiring and framing
  • Dampness and rotting

The building inspector makes a report on his/ her findings for presentation to the property owner or potential buyer. For a seller the report is useful in making any repairs to increase the value of the home. The report can help prevent a potential property buyer from investing in defective property

Pest Inspections

Pest inspection looks for signs of pest infestation and any related damage. It is important to ensure that you hire qualified and licensed pest inspectors when inspecting your property and seek advice on the best way to control and contain the pests.

What they look for

Building Inspectors - What They Look For

When a building and pest inspector arrives at the specific building, they will use their expertise to investigate a variety of main areas in the building. Typically, a building inspection will look at the building and document any significant defects such as cracking of the walls, deformation, timber pest damage, and drainage and plumbing issues among others.

A pest inspection will document evidence of presence of borers, termites, fungi and other pests present, damage and the severity caused by the pests. A building inspection report normally doesn’t include the presence of pests, its thus important to have both a pest inspection and building report.

Hire a contractor who is qualified for both building and pest inspections to save on cost and time.

Advantages For Buyers

  1. Identify flaws and problems early- Building and pest inspection can help you identify serious defects in the property before investing in it. Serious flaws such as cracks in the wall, defective plumbing and drainage systems, among others can lead to huge financial stress and losses since all the liability of repairing is signed over to you once you buy the property.
  2. Get value for your investment- Flaws in the property can give you a better negotiation power. Note that no building is perfect. Most homes will have one or more defects. As a buyer you can use serious defects to get a better buying price.
  3. Peace of mind- Professional inspectors are able to identify problems that you normally wouldn’t have noticed. Hiring a qualified and experienced inspector can give you peace of mind that the building is in good condition before making your final purchase decision.

Advantages For Sellers

  1. Save money and time- Home repairs are expensive for home buyers. Many buyers will take advantage of defects for a better deal. Some buyers will even inflate repair costs just to give the seller a lower offer. Performing building and pest inspection can help identify flaws and repair them before you put the property in the market. This can save you from bad deals while increasing the value of your home. It saves you time it takes to sell your home by identifying problems early and repairing them
  2. Avoid future unpleasant surprises- Building and pest inspection identifies problems early so you can perform repairs before potential buyers identify them. This can help you avoid unpleasant surprises when potential buyers identify problems during the negotiation process.
  3. Have power over the negotiation- Hiring a qualified inspector before you put your property up for sale can help you fix problems to your advantage. Ensuring a building has no major flaws not only increase its value but gives you complete power and control during the selling process. Having home and pest inspection reports will make the selling process easier, faster and stress free.

 

Inspections are an important step in the purchase or selling of a property. As a seller, your aim is to make sure that you sell your home at the best possible price while as a buyer you need to ensure the property you are just about to invest in has no flaws and meets standards and regulations to avoid future problems. Hire a qualified, licensed, reliable, and reputable inspector for a good job.

If you are looking to buy or sell a property one of the m,ost popular sites in Australia is www.realestate.com.au

Why Businesses Fail in the First Twelve Months

Why Most Small Businesses Fail in the First Twelve Months

Crikey! A Sad But True Tale

Why Businesses Fail In 12 Months - Crikey! That's not good!

Many people have a dream of starting their own small business so that they can be in control of their own future. The problem is that most small businesses fail very early on. Trying to understand why most small businesses fail in the first twelve months should make it much easier to build a successful business. This guide will look at the common reasons businesses fail.

Key Reasons why Businesses Fail:

  • Not Being Able to Differentiate and Compete
  • Bad Business Idea
  • Cash Flow Problems
  • Trying to expand too quickly
  • Unclear business plan

 

1. Not Being Able to Differentiate and Compete

It’s very easy to spot a great business idea that someone else is already doing and then try to emulate it. You might assume that because someone else is managing to make money from it that you can too. The problem is that unless you can differentiate your business you will struggle to compete with the competition. Most customers would prefer to buy from an established and trustworthy business, so unless you can come up with a reason why they should buy from you then this can be difficult.

2. Bad Business Idea

Just because you see someone else making money in a particular way, it doesn’t necessarily mean that you will be able to make money in the same way. Choosing a crowded market will make competing very difficult. Many people starting a business for the first time will choose to sell something high value that there are lots of customers for. The problem with this is that while there are lots of customers, there are already plenty of businesses serving them. It is much better to choose a niche area which isn’t being served completely. Businesses really need to offer something different to the market.

3. Cash flow

Even profitable businesses can fail as a result of poor cashflow. Cash flow is the flow of cash in and out of the business. As a new business you might find it difficult to manage your cashflow and maintain enough cash to pay wages and bills. Creditors won’t wait to be paid forever and could force your business into liquidation if you are unable to pay your bills.

Ways to Resolve Cash flow problems:

  • Securing enough funding before starting the business
  • Growing the Business slowly
  • Consider using invoice finance or debt factoring to get cash from invoices faster

 

4. Trying to Expand too Quickly

Businesses need to grow slowly and in a sustainable fashion. If a business grows too quickly then this can cause all sorts of problems. This includes problems with the cashflow. Any new business needs to have plenty of funding in place to support their business while it establishes itself. It will need life support until it can stand on its own two feet and start providing for you.

5. Not having a Clear Business Plan

Most people will only bother creating a business plan if they need to apply for funding from a bank. However, a clear, concise business plan is essential for every business even if you are using your own money. A business plan provides clear aims and objectives. It also helps to get everything down on paper so that you can stay focused and also look at how viable the business idea will be. A business plan and forecast is also a good way to look back on your first year and see whether you met or exceeded your expectations.

The most common reason businesses fail during the first 12 months are completely avoidable. As long as you do your homework, create a business plan and manage your cashflow efficiently then you should be able to build a stable business which can provide for your future.

Daily Blog World doesn’t like hearing about local businesses closing. Please do your home work and make sure you know what you are getting into.

If you need help checkout: http://www.business.gov.au/Pages/default.aspx

Flying Solo is also a good resource: http://www.flyingsolo.com.au/