Buying a new home is an exciting process and a significant investment. There are often additional fees to budget for on top of the price of the property. While you may want to skip the home inspection to save money, an inspection is a smart expense that helps you better understand your investment. Let’s look at a few reasons to order a home inspection.
Why Order a Buyer’s Home Inspection?
Budget for Future Costs
The home inspector you hire will be able to assess the approximate age of components like the HVAC system, water heater, and roof. They will report on their age and condition and inform you of any problems or concerns.
Knowing the lifespan of major components will help you better plan for their replacements in the future. This information is also useful if you’re shopping for home warranties or insurance coverage because you’ll know what you want to be covered.
Order an Inspection to Know the Home is Safe
During the inspection, a professional will assess the condition of the home’s major systems. Along with checking everything from the roof to foundation, a home inspection could identify other safety concerns like electrical hot spots that could lead to house fires. Your inspector will make notes if mold is observed in the home. He or she will also notice potentially dangerous structural issues.
Radon gas is another common safety concern in homes. It is the second leading cause of lung cancer in the US. Before purchasing a home, talk to your home inspector about testing for radon. You’ll want to know that your family is not at risk from radon in the home.
A Buyer’s Inspection Will Help You Negotiate a Fair Deal
If issues are found in the home you are about to buy, you can use your inspection report as a negotiation tool. Request that repairs to major systems be made, or ask the seller to reduce the sale price so you’ll be able to cover the cost of the necessary improvements. Work with your realtor to understand which requests can be used to negotiate a better deal.
When purchasing a home, the buyer’s inspection is not a step that should be omitted. Having the property inspected before you move in will inform you about the good and the bad that the home offers. With a buyer’s inspection, you’ll have the information necessary to make an informed decision for you and your family.