Seller’s Guide to Section 137B Inspections in Geelong
Introduction to Section 137B Inspections in Geelong
Are you planning to sell a property in Geelong that you built yourself? If so, it’s essential that you familiarize yourself with Section 137B of the Victorian Building Act 1993 (Vic). This mandate requires that all owner-built properties intended for sale within 6.5 years of their completion undergo an inspection by a Licensed Building Practitioner (LBP). This inspection, known as the Section 137B Inspection Report, is not just a legal requirement but also a critical step in ensuring that the construction quality meets the necessary standards and that buyers are protected.
Delving Deeper: Unravelling the Section 137B Inspection Report
Understanding the intricacies of a Section 137B Inspection Report is crucial for property owners in Geelong. Curated meticulously by a Licensed Building Practitioner (LBP), this report serves as a comprehensive evaluation of an owner-built property, ensuring it meets the necessary building standards. So, when you procure such a report, what should you expect to find within its pages?
Key Components of the Section 137B Inspection Report:
- Property Overview:
- The report initiates with a complete description of your property, covering its layout, the materials used, the architectural design, and other structural elements.
- Applicable Building Standards:
- This section sheds light on the specific building standards and regulations relevant to your property.
- By familiarising yourself with these standards, you can understand the benchmark your property needs to meet.
- Inspection Findings:
- After a meticulous examination, the LBP provides a detailed yet concise summary of the inspection outcomes.
- This segment highlights areas where the property excels and aspects that might need attention.
- Recommendation Corner:
- Based on the inspection’s outcomes, this section lists down potential areas of improvement.
- Whether it’s minor repairs, significant enhancements, or any structural modifications, you’ll receive professional advice on steps to elevate your property’s condition.
By diving deep into the contents of the Section 137B Inspection Report, property owners can garner a clearer understanding of their property’s standing in terms of building standards. This, in turn, can help in making informed decisions regarding property enhancements and eventual sales.
Who is Mandated to Obtain the Section 137B Inspection Report?
Navigating through Geelong’s property market requires sellers to be well-acquainted with the regulatory landscape. The requirement for a Section 137B Inspection Report is pivotal in this context. So, who exactly needs to ensure they have this document in hand before selling?
Criteria for Section 137B Inspection Report Requirement:
- Nature of Construction:
- Properties that are owner-built. This includes homes where owners have taken a hands-on approach, either managing or participating in the construction process.
- Construction Collaboration:
- If your property is a collaborative effort, where some parts are constructed by you and others by contractors, you’re still in the ambit of this mandate.
- Timeline of Sale:
- One of the prime determinants is the age of the property concerning its sale date. If your property sale is set within 6.5 years post its completion, you’re bound by this regulation.
Considering the specifics, many property sellers in Geelong find themselves needing a Section 137B Builder Reports. Adherence is not only about legal compliance but ensuring a transparent and trust-worthy property transaction.
Embarking on the Section 137B Inspection Journey
Determined to secure the Section 137B Inspection Report for your property? The initial steps are crucial and set the tone for the entire process. Here’s a roadmap to guide you:
Steps to Secure a Section 137B Inspection Report:
- Choosing the Right Licensed Building Practitioner (LBP):
- Geelong’s real estate ecosystem is rich with a plethora of LBPs. It’s essential to pick one that’s not just competent but also aligns with your property’s specifics.
- Research, recommendations, and reviews can be a good starting point.
- Understanding Costs:
- The financial aspect is undeniable. While prices for Section 137B inspections in Geelong might vary, you can anticipate a cost upwards of $1,000.
- Factors influencing the cost include:
- The size of the property.
- Its complexity and unique features.
- The depth of inspection required.
Beyond Compliance: The Intrinsic Benefits of the Section 137B Inspection Report
While the primary driver for most property owners in Geelong to undertake the Section 137B Inspection might be the legal requirement, it’s worth noting that this report brings a basket of benefits, tangible and intangible alike. Let’s delve into the advantages that go beyond just ticking the compliance box:
The Array of Benefits from the Section 137B Inspection Report:
- Peace of Mind:
- Knowing that your property is in compliance with established standards isn’t just about legalities; it brings an unparalleled peace of mind.
- You have the assurance that your property isn’t just a structure, but a safe and robust home.
- Enhanced Property Value:
- Prospective buyers often look for properties that come with fewer surprises. A Section 137B Inspection Report is a testament to quality and adherence to standards.
- With this report in hand, your property can command a better price in the competitive Geelong market.
- Stay Ahead of Issues:
- The inspection can identify potential problems or defects which, if addressed promptly, can prevent expensive future repairs.
- It’s always better, and often cheaper, to be proactive than reactive.
- Stamp of Compliance:
- The report isn’t just another document. It’s a testament, an assertion of your property’s conformity to the building standards, showcasing a responsible approach to property ownership.
Tackling the Hitches:
Although there are many benefits to getting a Section 137B Inspection Report, it’s important to be aware that there may be defects revealed during the inspection. In such cases, it’s crucial to be prepared to address these issues promptly:
- Immediate action is paramount. Depending on the gravity of the defect, you might need minor touch-ups or more extensive repairs.
- Engaging with experts for remediation ensures that fixes are not just cosmetic but address the root cause.
Embracing the Section 137B Inspection Report isn’t just about navigating the legal landscape of Geelong’s real estate but reaping a bouquet of benefits that enhance the property’s value, safety, and longevity. It’s an investment that pays off manifold, both in the short and long run.
Achieving Full Compliance with Section 137B
To fully comply with Section 137B regulations, it is essential to provide the buyer with both the Section 137B Inspection Report and the LBP’s certificate of currency when finalizing the sale. This certificate serves as proof of the report’s validity and up-to-dateness, ensuring that the buyer is fully informed about any defects that may have been revealed during the inspection process. By presenting both documents, you can ensure that you are meeting all legal requirements and providing a thorough and transparent transaction for all parties involved.
Stepping into Geelong’s property market with an owner-built property mandates adherence to Section 137B. It’s not merely about legal conformity but ensuring your property’s quality and safety. Key takeaways for sellers include early inspection scheduling, transparent dealings with potential buyers, and maintaining written documentation of every step.
For sellers looking to uncomplicate this process, consider partnering with Owner Inspections. As specialists in the field, our seasoned and certified building inspectors excel in offering Section 137B Owner Builder Reports in Geelong and its adjoining Victorian suburbs.