10 Reasons You Shouldn’t Skip A Home Inspection

The process of almost endless check writing begins after your offer to purchase a home is accepted. There are many costs involved, including lawyer and realtor fees. You may be looking for ways to cut down on these expenses. Although you may be tempted not to pay for a home inspection (which can cost anywhere from $200 to $500), there are 10 reasons why it is worth it.

  • It provides an “Out”

A home inspection can provide critical information about the home’s condition and systems. This allows the buyer to see what repairs, costs and maintenance the home will need over time. If the buyer isn’t satisfied with the results of the inspection, they have one last chance to withdraw their offer to purchase.

  • Safety

A home inspection in Huntsville AL can identify safety concerns such as radon, carbon monoxide and mold. All homes should be tested. You have the right to cancel your offer to purchase if such hazards are found in your home-buying contract.

  • Reveal Illegal Installations and Additions

According to Chantay bridges of Clear Choice Realty & Associates, a home inspection can show if rooms, basements, or altered garages were built without a permit or in compliance with code. It can affect the house’s insurance, taxes, and most importantly, the overall value. She explains that buyers are buying something that is legally not there. Even new homes that are not code-compliant will be a financial problem for the homeowners.

  • Protection

If you’re buying a short sale or foreclosed property, home inspections are even more important. Boarded dwellings can develop dangerous mold problems that are expensive to fix and pose health risks. Greg Haskett, HomeTeam Inspection Service’s Vice President of Shared Services, says that it is common for home inspectors find copper plumbing lines and outdoor compressors removed from homes by people who want to sell copper to recycling companies.

  • Negotiating tool

Jennifer De Vivo, a Realtor with De Vivo Realty in Orlando, says that the home inspection report can be used to request repairs or a reduction in price. To negotiate a better deal, work with your realtor.

  • Forecast future costs

The home inspector can estimate the age of major systems such as heating, cooling, plumbing and heating, and crucial equipment like water heaters. The inspector can also tell you how long the finishes have been in place. Each component in your home has a “shelf life.” Knowing when components need to be replaced can help you make budget decisions and determine the type of home insurance or warranties that you should purchase.

  • Find “Deal-Breakers”.

De Vivo suggests home inspections to help buyers determine how much extra money they are willing to spend on the property to make it acceptable. You might not be ready to sell your home if you don’t want to fix problems like cracked ceilings or faulty gutters.

  • How to Protect Your Investment

A home inspector can be a valuable resource. De Vivo says that they can offer specific tips to help you maintain your home and save you thousands over the long-term.

  • The Big Picture

Haskett recommends that buyers conduct a home inspection to fully understand the details of the largest purchase they will ever make. He says that people fall in love with property based on its location, color, or other factors. They are blind to the potential problems that could make their dream home a nightmare.

  • Insurance

According to Haskett, some insurance companies won’t insure a house if there are certain conditions or without certifications such as Wind Mitigation or four-point inspections. These things can be done by qualified home inspectors, which will save time and money for the home buyer.

James

What I love I just write and having an interest in fashion, photography, beauty and travelling I want to share my ideas with people so that they can enjoy and get the best in what they are investing.

Leave a Reply

Your email address will not be published. Required fields are marked *