Top Reasons You Should Have a Home Inspection
After months of searching for the perfect home, you’ve found it! You put in an offer, and once that offer is accepted, you must navigate through a few more processes before the sale closes. One step in the home-buying process that people tend to overlook is the home inspection. A home inspection might seem costly and unnecessary, but it's more important that you'd think. It ensures the house you're buying is functioning properly and can identify areas that need repair. There's nothing worse than buying a new home only to watch it fall apart. Let's check out some of the top reasons you should have a home inspection and why the extra expense is worth it in the long run.
Help You Find Problems
A home might look amazing at first glance, but there's no telling what could be lurking under the floors and in the drywall. An inspector can unearth problems that you wouldn't have noticed otherwise, like poor drainage, faulty wiring, and flaws in the foundation. Another common problem is water damage and the mold that often comes alongside it. If physical mold exists in the home, it needs to be remediated by a professional mold removal company. Otherwise, it can negatively affect you and your family's health. The same goes for asbestos, which can be found in drywall, floor tiles, and dated popcorn ceilings.
Give You More Options
Another one of the top reasons you should have a home inspection is that it gives you more control over the home-buying process. When you and the seller reach an agreement, you're under a certain amount of legal obligation to finalize the sale. If the home inspection uncovers something you're not happy with, you can use the inspector's report to renegotiate the deal. You can request for certain items to be repaired or for the cost of the home reduced. If the seller refuses to come to an agreement on these new terms, you can back out of the deal.
Most home inspections are affordable. They cost anywhere from $300 to $500 on average, with condominiums and townhomes costing less than single-family homes. If you want to include specialized radon and HVAC inspections, you should plan on adding a few hundred dollars on top of the initial estimate. You're already spending a lot of money on a home. It doesn't hurt to spend a little more to make sure it's structurally sound and clean. These inspections can save you thousands of dollars in the long run, making them well worth the investment.