What to do after a Building Report
Now you have got a report what now.
Show your report to your lawyer. This is the negotiation stage which is done with your lawyer. The idea is to get either the repairs done or the value of the repairs off the purchase price.
In rare cases the seller will not do either if they know they can get another buyer who will not get a pre purchase inspection.
In most cases the seller reduces the price, the sale proceeds and you get the repairs get done.
In rare cases the seller does not accept any faults.
In some cases the seller does the repairs poorly and cheaply.
No Building Consent
Building Consents are required for all building works other than maintenance of the existing structure, plumbing and drainage. It is common to find no consents. Most Territorial Authorities will not accept retrospective consents as they can not see what is under ground and behind walls. This may mean that you take off the value of the work done with out a consent and have it demolished and redone or have the wall linings removed and inspected after obtaining a Building Consent. Allow a $1000 to $5000 dollars approx for obtaining a Building Consent but this depends on the size of the job. It involves plans, specifications, a Certificate of Title, application forms, Consent fees, testing, and inspections to obtain a Code Compliance Certificate.
It pays to go hard on getting the work with a consent otherwise when you go to sell the house, the buyer will get a prepurchase report, or a LIM report done, and find no consent, and or, the work does not comply with the Building Act.
