You may be excited about a house based on the kitchen, yard, or patio. However, no matter how great the property seems, take your time, talk to your real estate agent, and order a home inspection. Let’s look at a few of the reasons a homebuyer should request an inspection.
Give Yourself the Ability to Back Out of a Bad Deal
When you sign a real estate contract to purchase a home, make sure your agent includes a contingency for the home inspection. What happens if the inspection reveals a major problem? Sometimes repair needs or safety concerns are more than a buyer wants to deal with.
What will the repairs cost? Is the seller willing to fix problems or reduce the asking price? Even if the seller says they’ll fix the defects, negotiations might stall if they disagree with cost estimates or your choice of contractor. You can walk away from the sale if you and your realtor made the offer contingent on the inspection results.
A Home Inspection is Worth the Investment
Homebuyers need an inspection and the cost is minor in comparison to the amount you’re paying for the house.
Your inspector will provide a detailed report to help you understand the condition of your potential new home. The report will include photos illustrating any problems and defects with the property. As the buyer, you can move through the sale process with helpful, detailed information about the house.
Order a Home Inspection to Discover Safety Problems
There are various types of problems that might cause safety concerns. These should be addressed because they pose a risk to your family. Some safety issues that an inspector may find include a blocked chimney, mold growth, lead paint, radon gas, and faulty electrical wiring.
Order a Home Inspection to Uncover Structural Issues
Order a home inspection to learn about structural problems. You may not think doors or windows that don’t close properly or cracks in the walls are significant, but these are signs that there may be a bigger issue with the house. A home inspector is well trained to locate foundation problems and other structural concerns.
Home Buyers Need a Home Inspection: Helpful When Negotiating
Your inspection report is a useful tool when negotiating for a lower asking price. If the inspection reveals issues that the seller is unwilling to repair, talk to your real estate agent for advice. You may be able to purchase the home at a lower price and fix any problems yourself.
Budget Your Maintenance Costs
A home inspection is great for uncovering long-term maintenance issues. For example, it can tell you how old the major appliances are. Older appliances aren’t a reason to walk away from the purchase, but this knowledge allows you to budget for new appliances.
If you purchase the property, your inspection report will help you make a plan for repairs over the long term.