Why Hiring a Home Inspector Before Buying a Home is Important?
Hiring a home inspector is invaluable when looking to purchase a new or used home. Since purchasing a house is stressful, you need to make sure your investment is sound as there are so many things that can go wrong. Even brand-new homes have issues. Hiring a home inspector can spot those problems before you are left with the burden of overpaying.
Hiring an inspector is the best way to protect your financial interests when looking to buy a home for many reasons.
Value of a Home Inspector for your Home Purchase
Professional Expertise and Keen Inspection Eyes:
Having trained eyes, your inspector will know the ins and outs of your home to identify possible risks that you would have no idea of.
He or she will go through a four-point inspection that can spot safety and health hazards before it gets to be a major problem, saving you a large amount of possible costs in the future.
Your inspector will survey your home’s roof, plumbing, electrical, HVAC and other recommendations such as appliance implications, termite damage, molding, etc. that could bite you in back if you decided to purchase without understanding the full nature of the house.
For example, your roof has its own acute details that an inspector will look over:
- Shingles
- Flashing
- Roof Penetrations
- Chimney
- Vents
- Gutters
Here are more items that will be inspected for your potential new home.
After a full inspection, you will know how much it is going to cost to repair your home.
Negotiate a Cheaper Home Price
No home is perfect and even newly built homes have issues. Making sure your issues are identified can be the best course of action in recognizing the integrity of the house before you put a bid in.
Hiring a home inspector will give you recommendations whether the home is in great shape and/or let you know the current issues. Even small issues add up. A small repair such as scratched flooring, flawed doors, seeping windows can add up to thousands of dollars in repairs. A small hole in the roof can turn into a major water disaster. A tweaked electrical wire can cause a fire. An inspector can help identify if your windows need to be replaced. Even a small lining of air roof can significantly increase your energy costs in the winter time. All issues a home inspector can identify.
An inspector will let you know how much it would be to fix those issues. This goes a long way in negotiating a home price because you can deduct the costs or get credited the amount that it would take to repair when negotiating the price you are willing to pay.
Better Home Insurance Rates
Having proof of your well-maintained home, can also give you leverage to lower your home insurance rates. Since your company charges you based on the risk you home may possess, showing that your home was inspected can help lower your monthly premiums. Your inspector will give you a copy of the inspection documentation that you can use to lower your rates.
Your home insurance company will likely hire one on their own anyway but having a backup with full documentation can be handy if you are ever denied a claim and/or lowballed on the payout. This can happen and often does, where you would need to hire a lawyer to take your insurer to court for bad faith. It is always good to have support if you are ever accused of being negligent. Hiring a home inspector goes a long way to helping you win.
In the end of the day, you are not a home inspector. Hiring a home inspector can go a long way to helping you feel safe about your investment, while also saving you money in the long-run. You never know if the seller is trying to hide something wrong with the house.
A home inspector will help you spot potential problems, help you negotiate a lower price, and save you money on home insurance rates.
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