If you are in the process of purchasing your first home, you may wonder why you have to go through the hassle of having your potential property inspected. It can sometimes be expensive and time-consuming, so why should you go through it? There are several different reasons why you should get absolutely every property inspected before you make a purchase, no matter if it is your first house or your fourteenth. If you are wondering if it is worth the time and money, read on.
Get A Quality Home
Potentially the most important reason to get a property inspected is to make sure that you are getting a good quality home. Some people forgo inspections only to shortly thereafter discover that there are serious problems with the foundation or other aspect of the home which require expensive repairs. Unfortunately, if a home has a price that seems too good to be true, it probably is.
Bargaining Chips
No home is absolutely perfect. Most property inspections come back with several minor infractions ranging from a door that was hung improperly to large gas tanks from the previous heating system left in the basement. Once you get your property inspection report back, you will have an opportunity to negotiate the price with the sellers. Perhaps you will require that they make some repairs before you will finalize the purchase. Or maybe they will give you a $5,000 discount or something else in order to offset the cost of repairs. Instead of looking at your inspection report as a scary thing, you could think of it as more of a bargaining chip.
Bank Requirements
Another critical reason for getting a property inspection is that your bank may require it before they approve your mortgage loan. Obviously, if you are paying for your home out of pocket, you will not be required to have an inspection, but it is probably still a good idea.
In conclusion, it is always worth it to have a property inspected before you finalize your purchase. Inspections can help you and your bank make sure that you are getting a good quality home, and it may actually help you to get the home for a more realistic price. Inspections are also a good idea so that you can make sure that your family will be safe in your new home. If you are ever wondering if you should order a specific test, doesn't it make sense to err on the side of caution?
For more information about property inspections, contact a local inspection service.
Share27 May 2021
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