Save thousands on your home loan
Compare 25+ lenders and hundreds of loans in an instant
I want:
Westpac Macquarie citibank commonwealth bank anz bankwest
finni mortgages logo
google reviews
4.9
star star star star star
Rating based on 147 reviews

×

The 10-point checklist to protect yourself against a cladding nightmare

The Property Club has banned buying into housing developments constructed from lightweight materials for the past 26 years. If local councils had also banned the construction of these lightweight buildings, then we would not have the nightmare situation where property owners are now having to spend their life savings making these buildings safe, writes Kevin Young.

checklist 1

These lightweight properties, whether they are high-rise apartments, houses or town houses, are at very high risk of being constructed with dangerous combustable materials.

The reality is that most property buyers are totally unaware they are buying into properties constructed from lightweight materials.

To help our members avoid buying lightweight constructed homes, we developed the following 10-point checklist.

  1. Has the products in the building been passed by the CSIRO? If not, who approved the products materials used in the cladding?
  2. Was there any substitute material used? Physical testing of the cladding is essential when looking to purchase an apartment in one of these buildings.
  3. Ask if the builder or developer can provide you with a personal guarantee against flammable or water-entry problems that may occur.
  4. Is the building made of brick? One simple test is to slightly knock the outside walls of the building with your hand to check if it is solid.
  5. What is the background of the developer? Check their past to see if they have any buildings they previously built that are the subject of cladding or construction issues.
  6. Ask for the details of recent property buyers who bought from the developer to determine the quality of their work.
  7. If you are buying an established apartment or townhouse, ask the strata management company to determine if any remedial work is being or planned to be undertaken at the complex.
  8. Is the development more than four stories high? If so, there is a very high risk the apartment building is more likely to have cladding issues.
  9. Should I get independent advice? Always seek independent advice from experts, such as structural engineers, before buying an investment property.
  10. Ask neighbours of the property you are planning to buy if there has been any structural issues with their properties.

By Kevin Young, president, Property Club

RELATED TERMS

You need to be a member to post comments. Become a member for free today!

Related articles