It’s very easy to get caught up in the excitement of a home purchase and to forget to have an inspection done before signing a purchase contract. A Solex Group Professional Home Inspection is a critical part of the home buying process, and it can save a buyer money and time in the long term. While an appraisal provides an idea of the home’s value, an inspection can uncover potential trouble areas. Below are several good reasons to have a home inspected prior to purchase.
Don’t Base Decisions on Appearance Alone
Especially when a buyer is considering a new construction home, an inspection may seem like a waste of financial resources. Regardless of a home’s age, there may be hidden but costly troubles. Problems with easement, plumbing and wiring might not appear during an open house, and an expert can provide an unbiased opinion.
Save Money With an Inspection
A home inspection generally costs anywhere from $300 to $500 depending on the home’s age and size. While that may seem costly to some, buyers should think of it as an investment in the home’s future. After all, an inspection is less expensive than rewiring or re-plumbing an entire house.
One of the biggest benefits of a pre-purchase home inspection is the bargaining power it may give a buyer. If a home is at the top end of the buyer’s budget, information gathered during an inspection can give them the power to negotiate for a lower price. It’s possible, with a lawyer’s help, to include language in a contract that allows the buyer to rescind the offer if problems are found during an inspection.
With an inspection, a buyer can not only bargain for a lower price, but they may be able to force a seller to make repairs before the purchase is finalized. If the seller refuses to perform the repairs, the buyer can estimate the expense and ask the seller to deduct it from the purchase price.
Knowing What to Expect
The most crucial reason to get a pre-purchase home inspection is so the buyer knows what he or she is getting into. The more a buyer knows, the less likely it is that they’ll be surprised down the road. A home inspector can help a client make decisions based on their budget as well as future money and time investments.