Why You Should Never Skip the Home Inspection

Why You Should Never Skip the Home Inspection

There are a lot of moving parts involved in the buying or selling of real estate — from setting a list price to hiring a photographer to capture your home’s features for the online listing. One of the most important tasks to tackle is having a home inspection done. Many people may choose to skip this step, but they’re missing a vital information-gathering opportunity for their home. Read on to learn why a home inspection is important.

Purpose of a home inspection

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When buying or selling a home, it is important to have any potential issues identified upfront. Why get a home inspection? To get an expert assessment of the condition of the property, highlighting any areas that may need repairs or upgrades. As a buyer, this allows you to make an informed decision about the purchase, and it helps to protect you against future problems related to poor construction or neglect. From the seller’s standpoint, having a thorough home inspection can help streamline the sales process by providing peace of mind about the condition of the property.

Why sellers should have their homes inspected

When you are preparing to sell your home, it is important to make sure that it is in excellent condition both inside and out. This involves addressing any potential problems or issues that could be a deal-breaker for buyers. One of the best ways to do this is by having your home inspected by a qualified professional before you list it. A home inspection will reveal any structural or mechanical issues that need to be addressed, allowing you to make repairs and improve the overall condition of your property before putting it on the market. By fixing these issues up front, you can price your home accurately.

Further, professional repairs will help build buyer trust, giving them peace of mind about owning a house that has been prepped for their arrival. So if you want to get the most out of selling your home, be sure to have it thoroughly inspected and take care of any necessary repairs before putting it on the market.

Why buyers request a home inspection contingency

A home inspection contingency is a clause that can be included in an offer when buying a house. This clause essentially gives the buyer the option to walk away from the purchase if problems are uncovered during the inspection. While many buyers may be tempted to bypass this step due to concerns about costs or time delays, it’s in their best interest to include this contingency in their offer.

First and foremost, a home inspection provides valuable information about the condition and safety of your potential new home. Issues such as leaks or cracks in walls or foundations, mold growth, faulty wiring, or problems with plumbing can all pose serious risks to your health and safety. By identifying these issues early, you can ensure that you are making a responsible purchase decision and potentially saving yourself expensive repair costs down the line.

Moreover, a home inspection contingency gives you greater negotiating power throughout the buying process. If you discover problematic conditions after agreeing on a price with the seller but before closing on the property, you will have a stronger position for bargaining for repairs or lower purchase price. Not only does this help protect your own interests as a buyer, but it also ensures that sellers get fair market value for their homes, benefiting everyone involved in the transaction. So if you plan to buy a house soon, talk to your real estate agent about including a home inspection contingency as part of your offer.

Other benefits of a home inspection

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If it has been several years since you purchased your home, you may want to have another home inspection done. Even if you are not thinking about buying or selling the house, an inspection can identify issues with your home that might potentially be costly or dangerous. By catching serious problems early, you can avoid spending more money on emergency repairs in the future.

Additionally, an inspection is a great way to learn more about your property and its systems. This knowledge can help you take better care of your home over time, as well as allow you to make more informed decisions when choosing upgrades or handling maintenance tasks. Finally, because building codes are updated every few years in the United States, an inspection can reveal whether your home is up to date with the latest safety standards.

There are many important reasons to hire a professional home inspector. Having an inspection done before you make an offer on a property can be especially important if it’s a fixer-upper. The inspection report can flag any potential issues and set your expectations accordingly. When selling a home, having an inspection done prior to putting it on the market can help alleviate any concerns that buyers may have about the condition of your property. Whether it's historical information about past renovations or hidden structural problems, there is always something new to discover during a thorough home inspection.

For more information about real estate contingencies, or if you’re ready to discuss buying or selling your property, reach out to experienced local agent Cary Simons.

*Header photo courtesy of Shutterstock

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