Should we get a building consultant/inspector?

Discussion in 'Development' started by Bernado, 31st Jan, 2018.

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  1. Bernado

    Bernado Active Member

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    Hi all,

    Our IP construction is about to commence. The contract has 6 progress payments. I was wondering if you guys think it is worthwhile getting a building consultant/inspector to inspect the work prior to releasing each progress payment? If so, would you recommend doing so at all payment stages or only certain ones?

    The property being built is a fairly standard 3bed with 2 stories. It is one of seven in a development.

    Thanks!
     
    Bernado, 31st Jan, 2018
    #1
  2. Joynz

    Joynz Well-Known Member

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    Yes, get independent inspections.
     
    Joynz, 31st Jan, 2018
    #2
  3. sanj

    sanj Well-Known Member Premium Member

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    The cost of the inspector will far outweigh the potential risk of the unknown so I almost always recommend it
     
    sanj, 31st Jan, 2018
    #3
    Tufan Chakir likes this.
  4. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Yes - we didn’t and it was a mistake.
     
    Jess Peletier, 1st Feb, 2018
    #4
  5. JDM

    JDM Well-Known Member

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    Definitely do. Your bank may also require this if you are seeking funding.
     
    JDM, 1st Feb, 2018
    #5