Buying a home may be the biggest financial commitment you ever make. As such, it is vital that you know of any impending issues and problems that will incur major costs. Hiring a professional inspector can save you lots of time, money and headaches.
Reveal Needed Repairs
The old adage to never judge a book by its cover applies to homes. A clean and well-maintained property and exterior could hide major problems underneath. Plumbing and electrical issues are common and costly, but can usually be discovered in an inspection. Boohoff Law warns that some building materials or home hazards can impact the health of residents if not taken care of. These notably include lead and asbestos. A good inspector knows where these materials are generally used and can spot them. Roofs, foundations, appliances and more can all be part of the inspection, which can help find major problems with the home. Once the buyer signs off on the home, these become your problem, so knowing about them ahead of time is vital.
Additional Negotiating Power
Repairing a roof can be thousands of dollars. Appliances on the fritz can be hundreds or thousands more. Ancient plumbing, cracked and leaky foundations and more can easily put an unprepared owner into debt fast. When discussing a final price with the seller, a professional inspector’s list of problems and needed repairs can give you power at the negotiating table. While a seller can scoff at lowering prices due to cosmetic issues like older carpet or odd paint color schemes, they generally can’t refuse major repairs without risking a lost sale. Alternatively, you can ask for cash instead of a repair. While this may be a trickier negotiation, it ensures you get what you want and also opens up options, such as making the repairs part of a larger planned renovation.
Peace of Mind
Unexpected expenses and out-of-nowhere costs are just part of being a homeowner. Things break, break down and act up. However, being assured the major components of your home are solid brings certainty and peace of mind. It is far different needing to replace a dishwasher versus a whole roof replacement. According to Osborne Home Inspectors, a good inspector should allow a buyer to be present and ask questions, but remember to respect their time and allow them to focus. They should also notify you if they are not able to provide specific inspections for things like pests, pools or HVAC work so that you can schedule a specialist. Understand their list and notes so that you can be as prepared as possible.
Home inspections are not something to skip or cheap out on. A good inspector may not be cheap, but it is certainly cheaper than major repairs you didn’t know about until the key was in your hands. Get advance knowledge of problems, better negotiating power and greater peace of mind by hiring a reputable inspector to give your future home a once-over before making the biggest investment of your life.
Let The Wilson Group help you find the home of your dreams!