Have you ever been so amazed by a product from a TV infomercial that you actually bought one then and there for yourself only to find out that it’s not as amazing as they made it out to be? Well, it’s basically the same thing with real estate buying and selling albeit in a much larger scale.
More often than not, a seller will hire a professional to take pictures of the home, and use those to advertise the property. With this, the home is sure to be showcased in its best light on different marketing platforms. Even during viewings and tours, the best features are the only ones highlighted to potential buyers.
Understandably, your excitement to possess the seemingly perfect home might cloud your overall judgment, and decide to leave out some of the vital steps in the home buying process including the home inspection. Big mistake!
Opting not to go through a home inspection could lead to unexpected problems and unwanted expenses. Undetected issues with construction, structural, mechanical, plumbing, and electrical can easily cost thousands of dollars.
A house is a hefty investment for most people, and it’s only natural to want to get the most out of this long-term investment. Home inspections are not compulsory; however, it is strongly recommended for buyers. Why you might ask?
Here are three benefits of a home inspection for you (the buyer):
Home inspections are great for negotiating a lower price.
One of the first things you’ll find useful from a home inspection is the incredible bargaining power it can give you during the negotiating part of the home buying process. Although home inspection reports are lengthy due to the many specific details and/or pictures, it’s important to make time to go over each item carefully. This will provide you with all the information you need to bargain for a lower price and/or have the seller take care of the issues indicated in the home inspection.
If you are able to join the assessors when they conduct the home inspection, go ahead and do so. See the property in a completely different angle than what you were exposed to. The more informed you are, the fewer problems you’d have to deal with whilst living in the newly purchased home.
Home inspections can help you save money in the future.
Home inspection professionals were trained to be thorough and meticulous. They can see what our inexperienced eyes cannot. By having them determine the possible damages of the home, you can highly avoid further deterioration to the property. Addressing these likely reparations will keep the home up to date with safety regulations and comfort living. Depending on the size of the home, you can expect to spend around $300 to $400 for a complete home inspection.
That’s incredibly cheap compared to possibly spending $8,000 to $15,000 (again, depending on the size of the home) because you had to rewire or replace the plumbing of the home. This price range will also vary on the type of repairs (aside from the two mentioned here) that need to be done, and the severity of the damage
Home inspections provide extended security for many years.
Finally, a home inspection can eliminate the many “what ifs” you may have about the home – now and in the many, many years to come. A home inspection report will serve as a guideline for you once you start living in the home. You’ll have absolute peace of mind in knowing that the roof won’t leak during a storm or that the appliances won’t shut off in the middle of the day. You won’t have to worry about any malfunctions with the heating, ventilation and air conditioning.
You can have total confidence in buying the home because you fulfilled what needed to be accomplished right at the beginning. As the years go by, you’ll learn to appreciate the value and importance of a home inspection more and more. You will always look back on this decision as one that made a real difference in your life as a homeowner.