If you’re buying or selling a home, you may be tempted to skip the home inspection in order to focus your money on the many other costs involved in the process. If the terms of your mortgage or contract necessitate an inspection, you have no choice. But if you do, you may wonder whether or not it’s even worth it to get a house inspected.
However, getting a home inspection can give you many valuable benefits that you wouldn’t otherwise have. Inspections are key in order to ensure that you’re making a smart investment and not purchasing a money pit or giving your buyer an easy way to negotiate the price down. Here are 4 of the top benefits that you can enjoy by having an inspection done before buying or selling a home.
#1. See The True Condition Of The House
As a buyer, you know that the seller will try to make their home look as good as possible. Having an inspection done will inform you of any problems hiding behind the walls so that you can know exactly what you’re getting yourself into. Some problems that an inspection may unveil include: mold, structural issues, electrical wiring issues, the condition of the roof, and more.
It’s important to note that unless the seller has had their own inspection done prior to listing their home, they may not be aware of any problems themselves.
As a seller, you don’t want the buyer’s home inspection to reveal problems with your home that you weren’t aware of and that give them the power to negotiate the price down. Getting a pre-listing home inspection enlightens you as to the true condition of your home so that you can address any major issues before putting your home on the market. It can be used in order to help you price your home accordingly.
#2. Plan For Future Restorations
As nice as it would be to have an inspection done and have the reports come back flawless, this will never be the case, not even with new construction homes. There’s no such thing as a perfect home. As such, having an inspection done is a way to plan for future restorations and budget accordingly. For example, if the inspection shows that the roofing system on the house is aging, you’ll know that you should plan on a new roof sometime in the near-ish future.
#3. Get Negotiating Power
While it’s true that some sellers do try to hide problems with their homes, many things that inspections can reveal are issues that the seller may not have even been aware of. Regardless of whether or not the seller knew about the problems, you as a buyer can use your inspection report to gain negotiating power – or as a means to back out of the deal.
For example, you can ask the seller to have any systems or safety risks repaired prior to closing or conversely ask to lower the asking price of the property. While there’s no guarantee that the seller will do these things, you can work with your realtor in order to determine the best way to save money and whether or not this property is a good fit for you after all.
#4. Reduce Buyer’s Remorse
Purchasing a home is among the largest investments most people make in their lifetime. The last thing you want is to close on a home only to end up regretting your decision because it turned out to be a money-pit. When you have a home inspector go over every inch of the property prior to signing on the dotted line, you can rest assured that you know exactly what you’re getting yourself into, thus reducing the likelihood of buyer’s remorse.
We Inspect Every Nook And Cranny
Nook & Kranny Home Services provides all sorts of different inspections, from residential inspections for when you’re buying or selling a home to commercial inspections to new construction inspections. Should you not need a full inspection, we can also do partial inspections, such as a 4-Point Inspection. In addition to our standard inspection services, we offer specialty inspections, such as mold inspections, radon testing, methamphetamine testing, and more.
Rely on our 25+ years of experience for a thorough report that gives you a clear picture of the property that you are either buying or selling. Contact us today to learn more about our inspection services or for answers to any questions that you may have.
