15 Reasons to Use a Home Inspector
It’s understandable — people aren’t making as much off their homes as they’d like to these days, and as a result look to save money wherever they can when selling or buying a home. But both buyers and sellers can benefit greatly from the use of a home inspector. Often, home inspections provide knowledge which makes or breaks the selling or buying of a home. As a seller you don’t want to put on the market a home with issues, and as a buyer you don’t want to let your love of a house push you into making an uneducated decision. Below are 10 reasons for buyers to use a home inspector, and five reasons for sellers to do the same. Home inspections can hurt you or help you based on how much you bend them to your advantage.
For The Buyer
Sellers who want to retain control will use a home inspection to find any problems and quickly address them. Others see home inspections as the responsibility of the buyer.
There’s no reason not to put the ball in your court. Perform your own home inspection before you buy, unearth illegal or unflattering aspects of your home of choice and dictate how they should be repaired before signing. An extra $500 for an inspection pales in comparison to a repair costing several thousand, if not more.
1. Insurance: In order to obtain home insurance some buyers will need to have their home inspected first.
2. Maintain Home Value: Buyers who want to learn to maintain their homes to save money on future repairs can receive a lot of guidance from their home inspector.
3. Understanding the Entire Home: Often a home looks great on the surface but hides its true problems. Home inspections leave nothing to chance.
4. Chance to Cancel: Buying a home is a big decision. If you want peace of mind then get a home inspection. You might find something that causes you to back out of the deal.
5. Maintaining Safety: Moving into a home that hasn’t yet been inspected leaves room for chance. Home inspectors can easily and reliably identify hazards to you and your family including mold, carbon monoxide and radon.
6. Define Limits: Everyone has a different opinion of a quality home, which is why it’s important to clearly define the condition of the home you want.
7. Negotiation Leverage: Sellers who don’t perform their own inspection put the power in your hands. Hire your own home inspector and try to discover points of leverage before you buy.
8. Future Costs: Home inspections help you plan for the future by knowing what needs to be done to a home to maintain its value, including repairs to appliances.
9. Safety For “As-Is” Homes: Short sales and foreclosures are sold in their present condition. Home inspections can help avoid safety concerns like mold which are more prevalent in structures with no airflow.
10. Installations & Additions: Some installations and additions to your dream home could in fact be illegal. Have a home inspector find these issues and require the seller to address them before signing.
For the Seller
You’ve probably considered a home inspection at some point while preparing to sell your home. Of course cost is an issue, but there’s also the worry that you’ll find something you — and your buyers — don’t like. If major repairs are needed, the selling of your home could face a serious delay. Perhaps your buyer won’t do an inspection, but if one does occur power shifts to them instead of you.
1. Use Your Inspection Team: Why subject yourself to an inspection team you didn’t select? As a seller it can be easy to wonder if you’re getting a fair deal when you’ve lost control of an inspection. This is why it pays to be proactive when selling a home.
2. Waive Future Liability: Paying more up front to take care of any problems with your home can pay off in the future. Many buyers will waive your liability for future problems in return for you restoring the home. Likely your buyers love your house and don’t want to lose it.
3. Don’t Make Things Worse: There’s an easy way to do this: keep quiet. You’ve got your inspection results and your own opinion of them. Don’t assume your buyer’s opinion will be the same. Yes, they could walk away, but they could also see the problems your home has as totally surmountable.
4. Remain Calm: When you first get notice your home needs a significant repair, it can be stressful. Meet with your real estate agent, discuss negotiation strategies and craft a plan.
5. Mitigate Your Concerns: If you’re worried about the price of the repairs to your home being fair, multiple bids will give you peace of mind. Also, if you work with a variety of contractors you can often swing a deal to pay upon closing.
Other reasons to have an inspection: check your pool, broken roof tiles, attic vents, plumbing, under the sink, hot water heater, electrical outlets, AC unit, heater unit, and foundation cracks to round out 25 reasons. Trust me there are more. Give me a call!