For many home buyers, especially those who are purchasing their first home, it can be difficult to understand the value of having a home inspection. Buyers especially wonder if paying the $300+ inspection fee is really worth it.
The truth is, home inspections are one of the most important steps in buying a house. Here are the 3 main reasons you need to have your home inspected.
Home inspections save you from defective products
Everyone wants to know that their home is safe and secure for their family. While the average person can test the functionality of things like windows, doors and locks; the knowledgeable home inspectors will go far beyond that.
Here are some problems that inspectors commonly find in homes:
Federal Pacific Electrical Panels - Fire and electric shock hazard.
Cadet Electric Heaters - Recalled due to fire hazard.
Gas Hot Water Heaters - Installed improperly they become fire hazards.
Garage Door Openers - Improper installation can cause crushing deaths.
You’ll want to make sure these and any other safety issues that are found get resolved immediately. Often times the home owners will be willing to negotiate and resolve safety items before closing, which means that the $300 inspection fee could actually save you thousands.
Home inspectors will warn you about repair costs.
Buying a home is one of the largest investments most people will ever make. It’s important to know about the potentially expensive repairs up front so you can be financially prepared.
There are many general repairs for older homes which may not be physically dangerous at the time of sale, but will require maintenance or replacement within the next few years. These are things like the roof, furnace, air conditioning, electrical, plumbing, water drainage, septic system, structural rot, and siding.
A professional inspector will advise you on everything and let you know which items will soon require attention.
Home inspections alert you to long term health risks.
On average, you’ll spend 50% or more of your life inside your home; so it’s critical that your home provides you with a healthy environment.
You’ll want to be sure to ask your inspector about radon gas, lead based paint, asbestos and mold. These problems can be easily missed by the average home buyer and may be detrimental to your health. In many cases your inspector may recommend a specialist to check out specific problem areas.
After the inspection is complete, your home inspector will provide you with an inspection report which contains all the issues or concerns that were found.
Naturally, this document is what you’ll use to negotiate with the seller for repairs or price reductions; but even more importantly, it’ll allow you to make safe and informed decisions about the home you’ll be living in.
For HOMEiA, feel free to contact us and we’ll put you in touch with a home inspector in your area.
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