If you’re going to buy a new home, you must be very excited to plan its interiors and choose the best décor items. The excitement is obvious but make sure you don’t forget to get the home inspected by a licensed home inspector.
When purchasing a house, buyers think that they’ve already spent a good deal of time looking at the property with the realtor, so hiring a home inspector is a waste of money and time. However, in reality, the home you find in good shape may have numerous hidden defects and faults that you will figure out only once you start living there.
A home inspection will provide you a detailed look at a property that can help uncover deep-rooted problems. Buying a home is a significant investment, which makes home inspection an instrumental part of the process. So, unless you’ve expert knowledge about construction, structural issues, and mechanical fundamentals, hiring a home inspector is the best option. Here are the top 3 reasons why home buyers need to get a home inspection before making this significant investment.
1. Understand the Condition of the House
The basic purpose of a home inspection is to know the condition of the house you’re considering to purchase. You will get a detailed report explaining the property’s condition, existing defects, and repairs needed. The best home inspectors prepare a clear and properly formatted report, which includes photographs also. The professional will take time to examine the property inside and out to provide you an impartial opinion on the structural components. For identifying the hidden issues like home’s insulation, sump pumps, and ventilation, you need an expert eye. And only a professional inspection will reveal the mechanical, plumbing, and electrical issues. An expert property inspector will look for issues such as water damage spots on the ceilings or walls, black spots on windows or woodwork, signs of mold like musty odor, or windows with broken seals.
2. Negotiation Power
Another reason to have a home inspection performed before you buy is to negotiate a lower price. The report provided by the property inspector can be used to make proper adjustments to the purchase offer. Maybe, the home you like is out of your budget, but after an inspection, you and your realtor can discuss the findings with the seller. This information gives you the power to bargain to bring down the price.
3. Save Money
If you think investing in a home inspection is a waste of money, you’re wrong. A home inspection can actually help you save a lot of money in the long-run by identifying issues before buying a house. What if, after finalizing the deal and moving to the new house, you find water leakages or non-working appliances? This will increase the total amount spent purchasing that house because you need to pay for repairs now. But if you know these defects before buying, you can request the seller to do the repairs. In case the seller is not ready to do the repairs, you can calculate the repair cost and ask them to deduct that amount from the total.