Once you decide to buy a home, do not rush. It is easy to get excited. So, you may forget to do a home inspection. As a first time home buyer, it is easy to make mistakes that will cost you a lot of money.
A home inspection is important when buying a home. It can save you a lot of time and money in the long run. A home inspection provides a detailed look at the home. And it uncovers potential pitfalls and deep-rooted problems.
The following are the importance of a home inspection when buying a home.
1. Save Money
A home inspection is cheap. It costs from $300 to $500. But this depends on the size and age of the home. Do not skip home inspection.
Some homes on the market need major repairs that cost a lot of money. If you buy a home that needs major repairs, you will spend a lot of money on these repairs.
So, paying a home inspector is much cheaper than doing major repairs in your home.
It is easy to detect safety issues such as mold, carbon monoxide, and radon when doing a home inspection. Every home should be tested for these safety issues.
Molds are costly to remedy. And they pose health concerns. So, do not buy a home that has these safety issues. Your family safety is more important.
3. Negotiation Tool
Include a clause in the contract that requires the seller to make the necessary repairs before you exchange money.
Some sellers are unwilling to do these repairs. So, perform a home inspection and estimate the cost of these repairs. Then, ask the seller to take the amount off the total cost.
Use the solid facts about the condition and quality of the home as bargaining power.
4. Know What You’re Buying
A home inspection helps to know what you are buying. You usually do thorough research before making a major purchase. Buying a home is a major purchase. Do not rush things.
To avoid surprises in the future, learn as much as you can about the home you are buying. Your home inspector can help you make the right decision based on your current budget.
The inspector can tell you how much time and money you may invest in the house in the future.
5. Forecast Future Costs
A home inspector can approximate when the major systems, such as water heaters, heat and cooling, and plumbing, were installed in the home.
A home inspector diagnoses the current condition of these systems and the home. And the inspector can easily know the age of the finishes in the home.
All the components in the home have a lifespan. So, it is easier to create your budget because you know when you will replace the major systems.
A home inspection helps to determine the type of warranties and home insurance coverage you will take.
6. Protect Your Investment
Home inspectors are qualified for this job. They have inspected several homes. They teach homeowners how to protect and maintain their homes.
When you talk to a home inspector, the inspector will share tips on how you can protect your investment. The inspector share tips that may save thousands of dollars in the long run.
Home inspectors are there to help you. Talk to them. If you trust them, they will never lie to you. They will help you invest in the right home.
7. Reveal the Big Picture
Do you know why most people buy a wrong home?
Firstly, they fall in love with the home immediately they see it. They just look at the color of the walls, and they like the house immediately.
Secondly, they buy a house because it is in a specific location.
They do not care about the major issues affecting the house. Doing home inspection helps to reveal these issues. Do not buy a home with these issues.
Some insurance companies do not insure homes that have certain conditions. Qualified home inspectors check for these conditions. If the conditions are found, fix them immediately. If you do not fix them, you will never get the right insurance coverage.
These are the importance home inspection when buying a home. Hire a reputable home inspector to inspect the home you want to buy. You will save a lot of money and time by doing a home inspection. Be sure to look for a trusted home inspection company in your area, check out their reviews, and get that inspection done to make sure you’re inspecting what you expect!