Know What You Buy: Benefits of Home Inspection
If you are looking into buying a house and settling down, you may want to take extra efforts to ensure the house is in the best possible condition. This is why it’s not surprising that home inspection is becoming more prominent in the current real estate market.
The higher house prices go, the more concerned buyers become about the quality of their purchase. They want to make sure that the property is in a good condition and that it is worth the money they are paying. Beyond the monetary aspect, they are looking for a safe, secure and cozy place for their (future) family. This investment is not something people take lightly.
If you are still unsure of whether you need to hire a home inspector, here are a few key things to think about!
1. Understand the condition of the house
The main goal of a house inspection is to report on a home condition, which includes identifying potential future problems and safety concerns, and describing the general state of different parts of the house (structure, construction, plumbing, and other key home components).
2. Spend now to save later
Some buyers don’t want to invest into a home inspection, stating that it falls under ‘extra expenses’ on top of their house purchase. In reality, a home inspection adds more value for property buyers than they realize.
Finding out about water leakages and/or non-working appliances after the purchase can lead to unexpected and pricey repairs down the road. In this case, a home inspection is an investment into the buyer’s future, as it allows them to plan ahead, or even to request the seller to do the repairs before the deal is struck.
And if you happen to be one of the cases where an inspection showed no major home defects, that will only give you peace of mind and confidence in the property you are getting.
3. Contribute to a smooth purchase
Conducting a home inspection before purchasing a home can help answer a lot of questions about the property, making it easier for both the buyer and the seller to agree on the market value of the house.
If major issues are identified in the home inspection report, the buyer has a basis to ask for a lower property price or to advocate for the repairs to be done prior to the purchase. On the other hand, seeing that no major repairs are needed in a home can make it easier to accept the house price. Having access to accurate information about the house condition puts everything out in the open and allows both parties to have a fair and easy negotiation process.