Especially for those buying newer construction, a home inspection may feel like a waste of money. No matter the age of the home, there can be costly troubles unknown to the average buyer. Problems with wiring, plumbing and foundations may not be visible during a showing, That's why it is important to get an expert opinion from a certified home inspector.
A professional home inspection buys you peace of mind. Your initial days and months in your new home will set the tone for your future life there, and you certainly don’t want to taint that important time with stressful worries about any hidden problems or potential money black holes.
One of the advantages of having a home inspection performed before you buy is the power it could give you to negotiate a lower price. If a home you’re really interested in is on the edge of your price range, information gathered during the home inspection could give you the bargaining power to talk down the price. You can also insert language into a purchase contract that allows you to back out of an agreement if the inspection turns up problems.
Not only are you able to negotiate a lower price, many buyers include clauses in their contract requiring the seller to make the repairs necessary before any money is exchanged. If the seller is unwilling to complete the repairs, you can estimate the cost and ask them to take that amount off the total. A home inspections provides solid facts about the quality and condition of the home, which can give you valuable bargaining power.
Another important reason to have a home inspection when buying a home is it can help predict the future expenses. If a home inspector indicates the roof or furnace is nearing the end of its life expectancy, it’s important you begin to budget for a new roof or furnace. The home inspection is a great tool to help you create a future plan for expenses.
In the end the most important reason to have a home inspection before you buy is to really know what you’re buying. Research your potential home like you would any other major purchase. The more you know, the fewer surprises there will be down the road. Home inspectors can help you make a decision based on your current budget as well as your future time and money investment.