During the home buying process, it’s easy for anyone to get swept up in the thrill of searching for and buying a new house that they forget about one of the most important parts of the process – the home inspection.
A home inspection is something that should never be overlooked, as it can help you save plenty of time and money in the long run. Keep in mind that a home appraisal is different from a home inspection. An appraisal will not give you an in-depth overview of a home that can help you identify possible pitfalls and underlying problems.
Here are some of the main reasons why you should have a home inspection before you close the deal:
It can reveal major problems
Many buyers mistakenly think a home inspection is unnecessary, especially for those buying new construction. However, there can always be serious issues that are unknown to average buyers, regardless of the home’s age. Structural problems or issues with plumbing or wiring are some of the common issues that are not visible during a showing, so you want to consult a professional home inspector.
It can save you a lot of money
A home inspection may cost you somewhere around $300 to $500, depending on the size and age of the property. While that is a good amount, those who choose to skip out on this expense may eventually regret their decision once they encounter a problem with the house down the line, such as rewiring, rotting floors, plumbing issues, and so on.
It can potentially reduce the home’s selling price
Another key benefit to having a home inspected is it can put the buyer at an advantageous position during negotiation. If you’re targeting a home that’s right on the edge of your price range, the home inspection report may give you bargaining power to reduce its price. You may also insert provisions in the purchase contract, which allows you to forfeit an agreement in case the inspection reveals any problems.
In addition to negotiating a lower price, buyers can include clauses that require the seller to make necessary repairs on some of the issues uncovered during the inspection. In the event that the seller is unwilling to perform the repairs, the buyer can then estimate the cost and request to subtract it from the home’s total price. Proven facts regarding the condition and quality of the home can be used as bargaining tools for the buyer.
A home inspection shows you what you’re about to buy
Perhaps the most important reason to have a home inspected before you buy it is it gives a good look at exactly what you’re about to spend on. Like any other major purchase, you want to do as much research on what you’re about to buy before you pay for it, and this is exactly what a home inspection will do for you. The more you know about the home, the fewer problems there will be for you down the line.
Looking for the perfect home in areas such as Alpharetta, Cumming, Roswell, or other nearby sought-after communities? The Sherry & Co. is here to help! Get in touch with us today at (678) 744-8206, or leave us a message here.