So you’ve finally mustered the strength to buy a property. This is one of the toughest decisions in life and one not made lightly. Due to that, it is vital to ensure the best value for your money and avoid as many unforeseeable circumstances or issues as you failed the spot when you initially scouted the property. Investigating a property is a thorough job and one that requires expertise and a good nose. The Inspectors Company’s professionals pointed out a few reasons why a professional inspection is a must when you decide to invest your hard-earned money. Here’s why you should hire a home inspection company:
Insurance Companies Require Inspections
Most mortgage lenders and most insurance companies require home insurance, and most lenders will require a thorough home inspection to be performed before moving forward with the insurance.
The most obvious benefit of a home inspection is to satisfy your insurance company’s requirements, but as we will see, there’s more to gain than that. Insurance companies require this step for their security but also because they want a transparent property transaction.
You may be able to reduce your homeowner’s insurance premiums with a home inspection.
There is no need for an elaborate inspection in order to accomplish this. To qualify for a discount, however, you may have to make some improvements.
Buyer’s Remorse
Before finalizing your home purchase, order a quality home inspection to avoid regrets.
There’s nothing worse than finding out that your brand-new home has leaky pipes, has a non-functional HVAC system, might require a new roof by next year, or will require major electrical work. By performing a professional home inspection, you can detect problems before it’s too late.
Bargaining Chip
The buyer may still wish to proceed with the purchase even if the home inspection report reveals some problems. However, you might have gained an effective bargaining chip.
Major issues can usually be negotiated or fixed at the seller’s expense if the buyer lets the seller knows of the problem. You can withdraw from the purchase agreement if major issues are discovered but not resolved satisfactorily.
A Lesson for the Future
Your home inspection report is another benefit you receive. A comprehensive home inspection typically results in rather detailed reports.
While minor issues on the report won’t change your mind about buying a property or serve as bargaining chips, they are valuable, too because they help you understand the property’s exact condition and provide a checklist of minor repairs and upgrades that you may need in the future.
Issues You Didn’t Know Existed
An ordinary home inspection won’t necessarily be able to check all the nooks and crannies of a property. A thermographer can also see into these areas if you order an infrared inspection.
Modern, professional home inspection equipment can detect insulation, wood rot, and other problems. There are many modern tools in their arsenal, including infrared technology. The level of detail provided by a professional home inspection is unparalleled. Unfortunately, many sellers try to hide even serious issues to take your money as quickly as possible. You can shield yourself from that by simply letting pros sweep the entire property with speed and quality.
Know What You Are Buying
Finally, a non-home inspection can lead to stress, so getting one done is imperative. Knowing 100% what you are getting yourself into will make you feel at ease. Knowing there aren’t any problems is a big benefit even if you don’t find any.
If you plan to sell or buy a house or apartment, make sure you hire a reputable home inspection company and secure a transparent and honest purchase.