So, you've found your dream home. You can't wait to start planning your big move and you've already collected material samples for your upcoming redecorating job. But, before you get too excited, there are a few precautions you should take to check that your ideal home is indeed what it appears to be and not a nightmare in disguise.
A pre-purchase property inspection is a surefire approach to confirm that what you're buying is exactly what it appears to be. It's critical to find a qualified professional who can conduct a complete examination so you know exactly what you're buying. Here are the top eight reasons why you should get a property inspection done before buying your dream home.
- Peace of mind
A home is one of the most significant purchases and investments that someone will make in their lifetime. Purchasing a home is not a cheap endeavour by any sense of the imagination. The peace of mind that a home inspection brings is one of the most essential reasons to have one when purchasing a house.
Also, your home's safety will be determined through a property inspection. You may find issues that could jeopardies your family's health and safety. Dangerous structural faults, asbestos and serious timber pest infestation are just a few examples. - Reveal pest or insect problems
Insect and pest infestations can completely damage a home. The risk of having a pest or bug problem varies depending on where you live. There are a variety of pests and insects that can cause problems in the home. Termites and other wood-boring pests and insects can be a major problem if they are not identified early. Termites wreak billions of dollars in property damage each year.
Pest and bug inspections are included in some home inspections and are not included in others. Ask your real estate agent if they have any home inspectors or pest inspection businesses who can ensure that the home you're buying is free of pests and insects. - It’s affordable
In comparison to the price of the home you're about to purchase, the cost of a home inspection is really little! Buyers who choose not to get a home inspection typically regret not spending the few hundred dollars it costs to hire one later. - Helps in negotiation
You can use the building inspection report as a negotiating tool. You have the right to know that the home requires certain repairs before the settlement is completed. You can use it to negotiate a significantly cheaper price. You can collaborate with your realtor to draft a decent offer and have your realtor assist you in properly negotiating it. - Forecast potential future costs
A thorough building inspection or any nearby suburb may assist you in accurately determining the age of major home systems, such as air conditioning, plumbing, heating, water systems and electrical systems. It will assist you in determining the current state of your home. These systems will eventually need to be replaced. A building examination will assist you in developing an appropriate budget for this. - Exposes illegal renovation work
It is quite unlikely that you will be able to discover illegal renovations or additions to your property unless you are an experienced builder. These structures could hurt your permit applications, insurance and taxes. As a result, you have something that does not add value to your home. A home inspection will determine whether or not your constructions meet building regulations. This will offer you the opportunity to address these issues before they become costly in the long run. - Find structural issues
Every home, old or new, big or small, can be affected by structural or foundation issues. The potential problems range from cracked tiles to broken floorboards and interior beams. Detecting these concerns will not only ensure your safety but also save you a lot of money. - Provides an ‘Out’
There are times when a buyer is uncomfortable with the findings of a house inspection and will refuse to proceed with the sale, regardless of what concessions or repairs the seller offers. Another reason to have a home inspection when buying a home is that it gives a buyer an “out” if they are uncomfortable.
As you can see, a home inspection is highly suggested when purchasing a home for the numerous reasons outlined above. While a home inspector is not perfect and may miss concerns during a home inspection, they will evaluate the property in far greater depth than you and your real estate agent did during your first visit.
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