Have you ever wondered why home purchase deals fall through? They can fall through for various reasons, but the number one reason is from the home inspection results.
Why would a deal fall through from a home inspection? Well, this happens for many reasons, but the primary reason is from issues the inspector finds in a home during the assessment.
If you want to save money when buying a house, you might consider skipping the home inspection. While you can choose to get the home inspected or not, you shouldn’t skip the home inspection.
In fact, paying for this inspection is one of the smartest things you can do when buying a home. Here are several reasons this is true.
A Home Inspection Helps You Find Issues
You shouldn’t skip a home inspection because it helps you find issues you didn’t know about. While some people have a lot of construction knowledge, others don’t. If you don’t, how do you know what to look for in the home?
As you plan your home purchase, you should always decide to get a home inspection to determine the home’s condition. The inspector you hire will examine every primary part of the home.
Inspectors use a checklist to ensure that they examine all the vital parts. Some things on the checklist include the HVAC system, roof, and windows. They also look for signs of water damage and mold, and they examine the other systems.
When the inspector completes the assessment, he or she will give you a report. If you’re wondering what to look for in a home inspection report, you might want to review the entire thing, looking for signs of problems.
The inspector will list the problems he or she discovered with an explanation of each. You can use this report to take further steps for protection as you proceed with buying this home.
Without the home inspection report, you might think that the house has no flaws or issues. Imagine buying a house that you think is perfect and then discovering later that it has major issues.
The Report Helps You Determine Other Inspections
One of the benefits of the report you will receive is that it helps you know what questions to ask. For example, if the report shows that the roof has issues, you will know that you should ask questions about these issues.
If the report contains any negative information, you might want to ask further questions about these things. You might also want to hire other inspectors to provide more insight on the issues.
For example, if the inspection reveals issues with the plumbing system, you can hire a plumbing contractor to inspect the system more thoroughly. By doing this, you can learn more about the issues and the costs to fix them.
Learning to ask the right questions is vital, as the report might not state every detail of the findings. If you ask the right questions, you’ll learn more about the home before closing on it.
You’ll also have the opportunity to take other actions, such as getting more inspections or negotiating on the repairs. These are both common steps that home buyers use after the inspection.
You Can Negotiate the Issues
If you write your offer without adding a home inspection contingency, you’ll have no way to negotiate on the deal if you discover issues with the home. With a home inspection, you’ll have the chance to negotiate.
Home inspection companies provide reports after completing the assessments. When you receive the report, you have documented proof of issues, and you can negotiate with these issues.
For example, you can ask the seller to repair some of the issues found in the report. You can also ask the seller to lower the price to compensate for the problems. You can handle this in several ways if the report found issues the seller didn’t reveal.
You Can Void a Bad Deal With a Home Inspection
Another benefit of getting the home inspection is that it gives you a way out of a bad deal. If the inspector finds serious problems with the home, you might decide that you don’t want this house anymore.
For example, it’s never wise to buy a house that has foundation problems. The foundation is a vital part of the home’s integrity. If you find this issue before buying the house, it might be worthwhile to back out of the deal.
If you don’t get a home inspection, you probably won’t find out about this major issue. You might proceed with buying the house, only to discover the foundation issues after moving in.
You’ll then be stuck with a home that has a bad foundation. You’ll also be stuck with the repair bills to fix the foundation.
A House Is an Expensive Investment
A house is probably the most expensive item you will ever buy. Because homes are such expensive assets, it only makes sense to get an inspection before buying one.
The good news is that home inspection costs are very reasonable. They vary by location and company, but they are not expensive.
If you’ve worked hard to save up for a house, getting a home inspection shouldn’t be optional. Instead, this is a service you should always choose when buying a house.
You can ask your real estate agent to help you find a home inspection company. You can also ask your friends and relatives for suggestions.
Get a Home Inspection Whenever You Purchase a Home
When you buy a home with a mortgage, your lender might require some inspections, including a standard home inspection. If not, you should still get one.
Getting a home inspected before buying it protects you and offers a sense of confidence with your purchase. As a result, paying for an inspection is always worthwhile.
If you are buying a house in the Northeast Ohio area, contact us to request a home inspection. Home inspections are the most cost-effective step you can take in the home-buying process.