When you are buying a new home, it is absolutely crucial to obtain a home inspection. A house is likely the most expensive investment that you’ll make in your life and it can be difficult to justify spending even more money on its acquisition. Though it may seem like an unnecessary expense, it can save you a substantial amount of money and hardship further down the road. Ultimately, it is better to spend a little money on a home inspection now rather than a lot of money on expensive repairs that you were unaware of. Here are just a few of the reasons why you can’t afford to skip a home inspection.
Get a Professional Opinion
A home inspection will provide you with information found by a professional. Finding issues and possible maintenance expenses in the property, as well as assessing the condition of the building, is the job of a home inspector. Though you may understand some basics regarding home maintenance and repairs, a home inspector will be able to provide you with valuable information that you need before making a final decision on purchasing a home. With such a large investment, you should certainly invest in the opinion of an expert.
Seeing isn’t Always Believing
Not all issues are easily apparent when you walk through a building. In fact, underlying issues that are hard to detect can be some of the most expensive issues to repair. Just because you can’t see the issue doesn’t mean it isn’t there. Interior design and a great paint job won’t protect you from the repair expenses consistent with inadequate plumbing or electrical systems. A home inspection is incredibly thorough to ensure that you can obtain all relevant information about problems that may be present in the building. The last thing you want is to be saddled with a money pit because you skipped getting a home inspection.
Most people involved in the process of selling a home are biased in one way or another. The seller is biased because they want to make as much money as possible. You may be biased toward the building because you fell in love with the large kitchen or hardwood floors. A home inspector is an unbiased party that simply has no reason to do anything but provide you with the facts. In addition, a home inspection will provide you with valuable documentation. This will help you to prove the condition of the property should the need arise.
It Gives you Leverage
Another reason to never skip a home inspection is because it provides you with the leverage you need to keep your options open. Once you have come to an agreement with the seller, you are essentially obligated to finalize the purchase. However, after you have obtained a home inspection, you have information that you can use for renegotiation. This may include lowering the price due to some issues that were found or having issues resolved prior to the sale. If you can’t come to a new agreement with the seller, you will have the option to back out of the sale entirely based on the information from the home inspection report.
A Home Inspection is Cost-Efficient
Home inspections are more than worth the investment. In most situations, regular inspections can reduce potential repair costs. This remains true when it comes to your house. A home inspector will be able to alert you of potential issues in the house, as well as what might occur if the issues aren’t resolved. Investing in a home inspection can save you money caused by an escalation of problems that you could have resolved earlier.
Ensure a Safe Environment
When it comes to a home, you need to ensure a safe environment for your family and loved ones. They will be spending the majority of their time in the building, so it is crucial to ensure that it is free of potential hazards, such as mold or poor electrical wiring. A home inspection will ensure that the home is safe and capable of meeting your needs.
Effective Planning for Maintenance Expenses
Repairs often arise at the least convenient times, which can make them incredibly stressful. Maintenance costs, however, can be much more easily planned for. A home inspection will provide you with the information that you need regarding likely maintenance expenses and required repairs to prevent serious damage. This will allow you to budget accordingly and keep your house in optimal condition.
Peace of Mind
Purchasing a home is an incredibly large investment. Obtaining a home inspection will ensure that you will have the information necessary to give you peace of mind. There’s no need to lose sleep worrying if the home has a secret mold infestation; a home inspector will locate any issues and ensure that you are aware of them.
Confirm that Property is Built to Legal Codes
If an illegal addition has been made to the property, it might not be apparent to someone who isn’t well-versed in legal requirements and building codes. However, this won’t stop the illegal addition from becoming the financial headache of the new owner of the property. A home inspector will be able to uncover any aspects of the property that weren’t built legally to protect you and your investment.
Protect your Investment
Expenses that come due to repair costs with a newly purchased property add up quickly. When combined with your new mortgage payment, the expenses can quickly seem insurmountable. Obtaining a home inspection will help to ensure that the building is in good condition. Don’t skip a home inspection, it will protect your investment and your wallet.
Some insurance companies may require specific inspections prior to insuring property. A home inspector can often perform these inspections simultaneously with the home inspection, which will save you time, stress, and money.
There are many reasons why you shouldn’t skip a home inspection.. Real estate purchases involve substantial sums of money. The last thing you need is to end up in an incredibly bad financial situation because you skipped the home inspection. Contact our experts at Reedy, Set, Go to schedule your home inspection today!