Do not let the sheer excitement of purchasing a house for the first time cloud your decision-making process. When it comes to home buying, you must put your best foot forward in terms of making decisions because it involves a great deal of money. In investing in property using your hard-earned money, you must acknowledge the value of house inspections.
You must pay for the services of a qualified building inspector, and here’s a bunch of reasons why:
- The inspection looks beyond the exterior.
Most homebuyers believe that a home inspection is only a waste of money, especially for those purchasing newer construction. However, it is imperative to understand that there can always be costly troubles which are unknown to the average buyer regardless of the age of the home. Also, it is still best to have an expert opinion, especially that problem with wirings and plumbing or architectural issues may not be visible to your untrained eye during a showing.
- House inspection corresponds to saving money in the long run.
Depending on the size and age of the home, the overall inspection costs will vary, but a good rule of thumb would be to expect to pay from $300 to $500. Although that is indeed a reasonable sum, you should perhaps think on the brighter side that it is way cheaper than renovating or rewiring the house entirely.
- You can effectively use the inspection report to negotiate.
The level of power it might give you to negotiate a lower price is one of the most noteworthy advantages of having a home inspection performed before you buy it ultimately. The information gathered during the entire investigation may give you the bargaining power to have an agreement to lessen the price especially if you are incredibly interested with it but unfortunately is in the edge of your price range. Also, if the inspection turns up extremely costly issues, you can easily back out from the agreement.
- The inspection compels the seller to do repairs.
Apart from the opportunity of negotiating a lower price, many buyers include clauses in their contract stating that before giving any payment, the seller first is required to make all the necessary repairs. If ever the seller refuses to complete all the needed fixtures, it is also best if you estimate the overall cost and ask them to take that amount off the total. No doubt, you will have valuable bargaining power with the solid facts about the current quality and condition of the home.
Keep in mind that you must know precisely what you are investing to before purchasing, and the best way to determine that is to have house inspections. Similar to other major purchase, it is always best to research first about your potential home.