The homebuying process is a very exciting time. This is especially true for first-time homebuyers. It is important not to get swept away by the excitement and forget the due diligence of a home inspection. The following are three great reasons you should always get a home inspected before making a purchase.
One benefit of a home inspection before a home purchase is it will provide you with ammunition to use during the negotiation process. This can be especially beneficial when the home you desire costs a little more than you want to pay for it. The information uncovered during the home inspection can be the key to negotiating a lower price. Few homes are without fault and the problems you learn about through the inspection are negotiable. The result of this new round of negotiations can be a decreased purchase price, repairs performed by the seller, or a canceled purchase agreement.
Know What You’re Getting Into
Another major reason to have a home inspection performed on a house you plan to buy is to be clear on exactly what you are getting for your money. Inspections can uncover a wide range of issues that could pose health and safety hazards to occupants, as well as structural damage that can result in the need for costly repairs. You should put as much research into a new home purchase as you would in other major purchase you make. This will assure there are no surprises down the line that will turn your dream of homeownership into a nightmare.
Understand Maintenance Costs
There is no way around the ongoing costs associated with maintaining a home. There will be constant wear and tear and things will break or wear out over time. The cost of repairs should be included in any budget you make regarding a home purchase. The amount of money you need to budget for home repairs will depend on the condition of your new home. Older homes will normally require more maintenance than homes constructed more recently. An inspection report will alert you to what maintenance costs you can expect over the next five years.
First-time homebuyers will experience one of the most exciting periods of their lives. It is important to not allow this excitement to cause you to forget the necessary due diligence when looking to purchase a home. An important part of this process is to have a qualified home inspector take a look at the home before the purchase is finalized.
If you are looking to buy a new home, let our team of realtors help you find your new dream home!