Picture this: you’ve finally found the home of your dreams. It’s got all the features you’ve been searching for, and it’s in the perfect neighborhood. There can’t possibly be anything wrong with it…right?
Though technically optional, a home inspection is highly recommended by most realtors, as it can save you thousands of dollars—or even prevent you from making a costly mistake all together. Here are some reasons why you need a home inspection before you move in—even if you don’t see anything wrong on the surface.
YOU COULD AVOID EXPENSIVE REPAIRS
This is probably the biggest advantage of a home inspection. Certain problems can cost thousands to fix and may not be immediately visible. Wondering what kind of issues a home inspector can find and how much they’ll cost? Here are some of the biggest issues uncovered during home inspections (and typical costs to fix):
HVAC replacement: $4,000 – $12,000
Leaky roof: $300 – $2,000 for basic repair, $4,000 – $20,000+ for advanced repair
Foundation issues: $4,000 – $10,000
A great home inspector will fully sweep the home and point out any problems or potential issues. If there are any big-ticket expenses, you may want to reevaluate your purchase.
YOU’LL PROTECT YOUR WALLET
Buying a home is one of the biggest investments you can make, and a good investment will generate more capital than what you initially paid. While a well-maintained home in a prime location can be a fantastic investment, expensive repairs can turn it into a financial disaster.
Once you have an inspection report detailing all of the issues with the home, you can evaluate the cost of repairs to determine if it’s a good deal. If you aren’t satisfied, you can walk away without losing much money.
YOU GAIN A NEGOTIATION TOOL
While not all properties will require major repairs, even new construction homes may have issues you’ll want to take care of before moving in. You can use your inspection report as a negotiation tool to potentially lower the price of the home.
There are a few directions you can go from here. One option is to ask for money off of the price of the home so you can complete the repairs yourself. On the flip side, you can also ask the sellers to make the fixes as a condition of the sale. Either way, you’ll be saving yourself money in the long run.
YOU GET THE FULL PICTURE
The inspector can diagnose all kinds of problems and tell you what needs to be fixed (and for how much). After the inspection, you’ll be handed a comprehensive report that gives you a full picture of the home’s condition, allowing you a more realistic look at the details that you might not have noticed before.
READY TO BUY YOUR NEXT HOME?
Buying a home can be a difficult decision, so make sure you have the tools you need to make a well-informed decision. For tips on smooth sailing during the buying process, give us a call so we can chat. We’ve got the resources you need to make the right choice.
Haven’t started the buying process yet? Check out our specialized search tool to find the home of your dreams, and let us know when you’re ready to get started.