Pest and Termite Inspections Barangaroo NSW 2000
Barangaroo, 2000, is having a really bad time right now if you already own a property, but its definitely a good time if you're looking to buy. According to CoreLogic RP data, the leading real estate data in Australia, units in Barangaroo have fallen from a median price of $2.3 million a year ago, to $1.6 million as of January 2017. Pretty good if you're looking to buy and think the market might bounce back!
In saying that though, you should obviously always do your research and speak to a financial planner before rushing into buying a property just because the prices have dropped recently. Especially since $1.6 million is no small amount of money anyway.
If you have that 20% saved up for a deposit on the property anyway and take out a loan for the rest, you can expect your mortgage repayments to fall around $3,400 a fortnight. For less than a quarter of that, you definitely should consider having a trained building inspector come and walk through the property. Having someone complete a pest and termite inspection or pre-auction inspection could save you thousands of dollars in the future. These places aren't cheap, so the cost to repair them when you have to remodel the bathroom to fix your termite problem is going to set you back a pretty penny.
According to the Australian Bureau of Statistics the postcode of the Sydney CBD's median mortgage has increased by about 34% from the 2006 to 2011 period and has historically continued to climb upwards.
Whether you're looking to sell your house or buy your first unit or apartment, make sure you engage with a licensed builder to come and complete a pre purchase building inspection or a pest and termite inspection inspection. This is going to make life a lot easier in the future, and will give you peace of mind as well.
Asbestos, pests, termites and structural defects could further impact mortgage repayment pressures in the years to come.
When choosing a Building and Pest Inspector be sure to ask them the following questions:
- Do you have professional indemnity and public liability insurance?
- How long have you been inspecting houses in Barangaroo and the surrounding areas?
- Are you a licensed builder?
- Will you check the roof of the house?
- How will you identify any pest, termite or rotting woods behind the walls?
- Do you know or have any affiliation with the real estate agent you are dealing with on the property being inspected?
If you are not satisfied with the Building Inspectors answers to each of these questions then contact another building and pest Inspector in Barangaroo.
Our licensed property inspectors will happily answer all of the above, so feel free to book in an inspection today!
Phone: 02 8052 9564
Booking: CLICK HERE