Here are the top reasons why you should not skip a home inspection. Home inspections reveal the inner workings of the property. They inform buyers of both, the benefits and costs, the property has to offer. And as the buyer, it remains your responsibility to understand as many details as possible about the house you wish to make your home.
Home Inspections Can Tell You A Lot About Your Intended Purchase
Exposure to the elements means that construction aspects have a certain lifespan. Over time, repairs to the roof or the gutters become necessary to restore their structural integrity. A detailed home inspection report diagnoses the current condition of the structure and tells you how long before you will need to undertake major repairs.
When buying a home, the upfront costs are relatively straightforward to finalize. But you also need to include other important costs like realtor fees, legal fees, as well as the cost of fixing up the property. Make sure to include the cost of a detailed home inspection in your budget.
Home Inspections Can Save You Money
Apart from the construction, the components in the home have a “shelf-life”. A detailed home inspection report can reveal the age of major systems in the home like HVAC, water heaters, electrical lines, copper plumbing, and kitchen appliances. Understanding when they require replacement can help you make important budgeting decisions, pointing to the kind of home insurance needed. This is a very important reason not to skip a home inspection.
A Home Inspection Can Reveal The Big Picture
A new home may well be the biggest purchase you may ever make. Often the location of the home, the old oak tree in the yard, the shiny new patio, or something else; can draw you in, blinding you to bigger hidden issues. Missing out on hidden problems quickly turns your dream home into a nightmare.
However, a detailed home inspection can reveal useful but sometimes hidden information about the condition of the property. This makes the buyer aware of the immediate costs you will incur through repairs and maintenance, as well as other costs over the longer term. If the findings of the home inspection throw up numbers you are not comfortable with, it can be a compelling reason to back out of your offer.
The home inspection report also presents the buyer with an opportunity to request repairs to the property, before signing the deal. Or to negotiate the corresponding price reduction from the seller. Of course, not all requests work! The experts at Real Property Management Premier can help buyers understand what requests are legitimate. And to negotiate a better deal.
A Home Inspection Exposes Changes Made To A Property
A proper home inspection reveals if building codes have been followed and the required permit obtained. This is very important when making changes to the structure, or rooms of the property. Because if owners have added rooms, altered garages, or modified kitchens, they must all comply with the local code, in the interests of safety and usability.
Owners sometimes carry out unpermitted or illegal additions to a property to re-purpose it or change its usability. Sometimes rooms are added simply to increase the sales value and capital gains over time. However, this has a direct relationship to taxes and home insurance, since you as a buyer, are purchasing something that legally should not exist. And consequently, you may inherit problems to fix the unsanctioned additions.
Home Inspections Provide Additional Protection When Buying Foreclosed Property
Boarded-up houses often develop hazardous mold problems. Leaking pipes can cause carbon monoxide and gas leaks which are expensive to repair and hazardous. Home inspections can reveal whether foreclosed homes are missing copper plumbing lines, or the outdoor HVAC unit from foreclosed properties, which can rack up additional bills for you; the new owner-to-be. Such hazards are often detected, and thorough home inspections safeguard against them.
Deal-Breakers & Home Insurance
A home inspection report can help buyers identify how much additional investment they need to make in a property, in order for the house to meet their personal expectations. If they need to make costly or time-consuming repairs to roofs, ceiling, drains, or even foundations, perhaps you are better off searching for other properties in the area.
Infact, some insurance companies will not insure a home if the level of damage within a house is unacceptable. Or in the absence of certifications like hurricane windows and water-proof ceilings in Florida. Our inspections cover these things during a detailed inspection to save you time and money, in such situations and one of the top reasons not to skip a home inspection.
How We Can Help
We can conduct home inspections on the condition of your rental property or investment property before purchasing it. This will identify any issues from becoming more extensive and costlier, and give you peace of mind that tenants are taking good care of your rental home. Real Property Management Premier offers move-in, move-out, and regularly scheduled inspections e.g., quarterly or semi-annually.
Call us today and find out more.
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