Sell Your Home with Confidence: Get an Owner Builder Defects Report from Resicert
Getting a defect inspection report is an essential step in the process of buying a house. Once you’ve determined that you like the look, feel, size, location and features of a home, an inspection report can allow you to look at things more objectively. In essence, it is a way to ask the question ‘Is this home a smart investment for me?’
Usually, we think of buyers initiating the home defect inspection. In most cases, the inspection is a due diligence that buyers take to protect themselves. If a home has a cracked foundation or substantial water damage behind the walls, there is a chance the seller either doesn’t know or is trying to conceal that information. A building defects report puts everything out in the open, revealing all the nitty gritty details that the seller either wasn’t aware of or neglected to disclose.
When Does the Seller Need to Order a Defect Inspection Report?
As a seller, you might wonder what your obligations are as far as inspections are concerned, and you might hire someone to conduct an inspection before you put your home on the market. That way, you can identify defects and fix them before you have any potential buyers waiting in the wings. However, while these steps will likely add a bit of value to your home and make it more attractive to buyers, they are not actually required by law. You can leave the inspection in the purview of the buyer if you so wish.
With that said, there are some situations in which the seller is required to order a building defects report.
If you built your own home or conducted significant renovation work on the property, then you may need to prepare what is called an owner builder defects report. Your obligation on this front depends on the age of the building work you did. If you built the home more than six years ago, then you will be exempt from owner builder warranty requirements in most parts of Australia. The same holds true if your renovation work is more than six years old.
However, if your home is newer, or you recently conducted renovation work, then you will likely need to attach an owner builder warranty insurance policy to any contract of sale for the property. These rules only apply if you did the construction work yourself, not if you hired a professional builder or contractor to do the work.
Get an Owner Builder Defects Report from Resicert
At Resicert, we can conduct your owner builder inspection for you. We can provide you with the owner builder defects report that you need to obtain owner builder warranty coverage. This coverage, in turn, will allow you to go through with the sale of the property. The warranty insurance covers any potential purchasers from defects with your construction or renovation work. It all starts with the inspection and the defect report.
To learn more, call Resicert today on 1800 RESICERT.
