Caveat Emptor – Buyer Beware
All property sales in Queensland are based upon the principle of buyer beware. When Buying a property, It is the responsibility of the buyer to thoroughly investigate the property themselves rather than rely on information provided to them by the seller. Find a Brisbane Property Lawyer.
Buying a property for the first time is perhaps one of the biggest financial decision you will make in your lifetime, which is why it is important to investigate the property as comprehensively as possible.
As many properties have improvements made to them over the years (built after the original structure was constructed) such as carports, pools, sheds, decks and other renovations, it is important to determine whether these additions have council approval.
If council approval has not been obtained, you (as the buyer) will become liable for the costs of any rectification required to make the additions compliant with council regulations.
Common costs in making renovations compliant may include engaging the services of a certifier, administration costs in obtaining council approval and conducting various renovation works.
Unfortunately, as many owners simply erect structures to their own liking, in some cases these additions are not possible to be council approved and will therefore need to be torn down. In the worst-case scenario, an entire dwelling (or additions to the dwelling) may not be legally occupied. As a purchaser, this is an extremely costly mistake.
How to Avoid Problems when Buying a property
- Building Records Search
- QBCC Insurance Search
- Prior to Signing the Contract
Learn more about avoiding problems in details Visit - when Buying a property.
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