The Importance of Home Inspection for New Buyers
Finally, after your long home search, you have found the perfect house for you and your family. With all the excitement and stress of the home-buying process, it can be easy to forget one of the most crucial steps: the home inspection. Even dream homes can have unseen issues. A thorough home inspection can help you to identify potential problems and end up saving you a lot of time and money in the long run. Read on to learn more about why getting a home inspection for your new home is so essential.
Can’t Judge a Book by Its CoverOften, homeowners, especially those purchasing new construction homes, may feel like an inspection is just a waste of time and money. Despite looking flawless on the outside, however, houses can have all sorts of issues that are unnoticeable at first glance. No matter the age of the home, there can be structural, plumbing, or wiring issues that only an expert would notice. Problems like these could end up costing you dearly in the long term. It’s much better to know about them before you buy the house than just trusting that your home works as well on the inside as it looks on the outside.
Save MoneySometimes, you have to spend money to save money. On average, home inspections cost between $300 and $500, depending on the location, size, and age of the house. Though this may seem like a good chunk of change, it’s nothing compared to what you may end up spending on repairs down the line. When you learn about problems before you buy the house, you can use that information to negotiate a better deal or decide whether or not the house is more problem than it’s worth.
Negotiating PowerGetting a home inspection from one of the best home inspection companies in Baltimore, MD, also gives you more negotiating power when you’re finalizing the deal with the seller. If they find any problems during the inspection, you could use that information to negotiate a lower price. It’s also a smart idea to include language into the contract that lets you exit the deal if the inspection finds any major issues.
Seller RepairsIn addition to negotiating a lower price, you have the power to require the sellers to make any essential repairs before the sale is completed. Many homebuyers include clauses in their contracts that state this sort of contingency. If the seller is unwilling or unable to make the required fixes, you may be able to estimate the costs and lower the overall cost by that amount. This sort of bargaining power is one of the most important reasons why potential homeowners should always get a new home inspection.
Know What You’re Paying ForPerhaps the most important reason to get a home inspection is the knowledge that it will provide to you. It’s the only way to really know what you’re buying. Like any significant purchase, you want to know as much as you can about what you’re spending your money on. The more you know, the fewer surprises you can expect down the line.
To learn more about getting a home inspection before buying a new house, contact Lodestar Inspection Services.