The Importance of getting a Home Inspection before Purchase
This year holds a significant part in the real estate market in Florida. There's less inventory at the disposal of homebuyers than last year. However, the real challenge sets in when you, as an individual decide to buy a home. It's never about money exchanging hands after viewing the home. It's never about signing documents and thinking everything is set. It is about the excitement you get from knowing you have chosen the right home for you or your family.
So, we're looking specifically at why you must get a home inspection done before the actual purchase of the home can take place.
Here are some important points about why you should get a prospective home professionally inspected before buying it:
1. Peace of mind, knowing that the home has been inspected by a trained professional
Don't be fooled by the shiny granite counter tops, sparkling buffed floors, or any other stuff that markets itself loud. Before you agree to take that mortgage, make sure you've seen all the things that are not visible about that particular home.
You'll need to make sure that the AC unit is in good shape, the foundation of the structure isn't gradually cracking (this could cause fatal damage if not taken care of), or that the roof isn't about to start leaking the next rainy season.
The good thing is that there are home inspectors who do this on a full-time basis, and they will be willing to inspect your home and come up with a professional report on what must be left as is and what must be corrected. The inspection report will be presented to you as a written format, and it gives you the green light to buy the home in question.
2. You don't want surprises after money changes hands
Defects and other major problems are bound to occur after you buy a new home you're not very familiar with. We've seen people ending up with broken shelves, cracking floors, leaking roofs and so forth -- right after they purchased a new home without an inspection.
That's the reason you should worry about some of these ''quick offers'' in the market. In fact, you should make home inspection a condition before any purchase can take place. It pays to know the exact state of the home you're buying, even if the property looks brand new.
3. Simple Basis for Negotiation
This is where real estate business people thrive -- they simply trade homes after they buy at a lower cost and sell for more.
You see, these buyers first conduct a home inspection exercise, then come up with a comprehensive report that would allow them to negotiate for a better price. Once the home is purchased, they can repair the damages and sell it for a fortune.
Likewise, you should just be as canning, and there are advantages to this. The most obvious one is that you'll save money in the long run. You see, a professionally generated home inspection report will highlight all the problems associated with the home. If the walls are in bad state, it will point out that fact and give suggestions on how to proceed. You realize that even when you factor in the projected total repair cost for the home, you should still save some money in the overall cost of the purchase.
4. Facilitates financing
Those who have ready cash to buy homes can do so -- but they also have to carry out a home inspection exercise. However, there are instances when buyers may be in need of financing to get a new home. If this is the case, then you'll most certainly need a comprehensive professionally generated home inspection report for the same.
You will send this report to your lender, which in turn will have confidence in that purchase. They won't hesitate to grant you the funds.
5. Professional opinion on extension and renovation ideas
At some point, you'll need ideas on what to do for your new home to make it measure up to your fancy. This information is usually available in your inspection report and nowhere else, unless you want to hire a home remodeling agency separately to do it for you. This will obviously cost you money. You don't want this!
It's always good to know what you are buying beforehand. By making an informed decision, you are increasing your chances of getting the right home for you or your family. Don't neglect a quality home inspection.