As many real estate markets across the region are experiencing low inventory, customers are rethinking the value of the home inspection. In tight situations, sales contracts will say that “no repairs will be made.” Even under these circumstances, it is crucial that you still have the home inspected before purchasing it.
Even newly built houses that have never been lived in have problems. You can have your home inspected for an extremely small fee to know what issues you may be inheriting when you buy the home. We highly recommend never skipping a home inspection when purchasing a house.
🤓 Why are Home Inspections Necessary?
A professional home inspector is a professional who will conduct an inspection of the general condition of the home. A good home inspection will assist a buyer in understanding exactly what they are about to acquire. A home may look move-in ready, but an inspector will cover features of the house such as electrical wiring, plumbing, roofing, insulation, as well as structural features of the home and may unveil issues that are not noticeable to the buyer’s eye.
As a buyer, you are making a vast investment, and it is crucial to understand exactly what you’re purchasing. Having a professional home inspector conduct a thorough inspection of the prospective property, could be compared to taking out an insurance policy against all potential operating costs.
There are many kinds of home inspection processes that you may want to conduct before the purchase of a house. First and most importantly, you would need a general or residential inspection performed on the home.
The professional home inspector would inspect the structure, exterior, roof, electrical, plumbing, HVAC, interior, insulation, and ventilation. Once the inspection is completed, the house inspector will generally provide the buyer with a report suggesting any improvements or repairs deemed necessary to bring the house up to current standards.
Home inspections may often reveal issues with a home that could be pricey to fix. This could be used as a great tool in purchasing negotiations with the seller. As the buyer you may be able to negotiate the price dependent on what the inspector has found. If flaws were found within the house, the purchaser now would have a couple more options in negotiations.
A buyer could negotiate a credit with the sellers, have the seller pay for repairs before the closing, buy the home as is, or walk away from the purchase if the issues seem too problematic.
Another home inspection process a buyer may want to have before the purchase of a home would be a termite/wood destroying organism inspection. This professional inspector would check for signs of structural damage caused by wood boring insects.
These insects may cause problems down the road. A general home inspector may perform this inspection for an additional cost or recommend a WDO/WDI inspector to the buyer.
😎 Home Inspection Tips
The most important thing we can recommend is to take the home inspection report seriously. By the time the home inspection happens people are often already emotionally attached to the home, & they tend to brush off the results.
If the inspection results are not what you were expecting, you can ask your seller to fix the issues or you can ask for money so you can make the home repairs yourself. If they refuse you really need to think about what you’re getting into and if your budget can handle it. If you want to be successful in real estate, you need to make smart, but sometimes difficult, decisions.
I hope you enjoyed this weeks blog post about Why You Should Get a Home Inspections 😁