A home inspection is basically an examination of the property being sold. The scope covers the physical structure – i.e. its condition and age, interiors and exteriors and all the systems ranging from plumbing, electrical to heating and roofing.
Regardless of the residential type, be it a PH house for sale, a condominium, duplex or apartment, it is one of the key stages for homebuyers because the result can greatly impact the whole buying process.
Why You Need A Home Inspection
Find out why a home inspection is a necessary phase for every buyer. Here are the top reasons.
- To make sure that you get your money’s worth. Homebuying entails huge money investment so it is only sensible to ensure that for all the time, effort and money spent, you have made a wise financial decision and have not wasted a single cent at all.
- To have something to negotiate with. The complete assessment of the property can give you a bargaining power especially if the report states that repairs are required in certain areas. You can either have the seller take care of these issues prior to the purchase or you can ask for a price reduction after giving the seller a full estimate of the repair costs.
- To put your mind at ease. It does not matter if it is a new construction or not. The bottom line is, as a future homeowner, you have to be assured that the entire house and land for sale are safe to live in. You have to be 100% guaranteed that your new residence is secure and in good shape.
- To avoid potential costly damage. Whether you’re planning to hire an inspector or you’re doing it yourself, fact of the matter is, you’re still saving a lot of cash in the long run. Just imagine skipping the phase and closing the deal only to find out a few months later that there are big issues with pest infestations or on the structure itself.
- To assess future upkeeps. A good inspector is not only trained to detect problems but he can also make an approximation of the “shell-life” of your residence’s components such as how long before you need to change the air conditioner, etc. Knowing this can help you prepare for the maintenance expenses later on.
- To determine if it is a go or not. You can easily opt-out if you find big deal-breakers or safety hazards after the assessment is completed. If you are not comfortable with the findings, you have every reason to back out on the offer to buy.