Whether you are buying or selling a house there is a great need for a home inspection to be done. As a buyer, this could be your biggest investment revolving around contract negotiations, paperwork and mortgage loans among many other issues. It can therefore be very frustrating to find out about a problem that was unforeseen with the investment. Taking a home inspection is the way to go for you to give you the peace of mind that the home you are about to buy is in top shape. There are also other advantages of a home inspection to both the buyer and the seller.
It reveals secrets
The truth is that every home has its secrets and it is only through thorough inspection that they are revealed. In fact, it is possible for a home seller not to be aware of existing problems and an inspection helps bring them to light. This way, as a seller, you will be in a position to make repairs or changes to add value to the home or to sell it for the real value that it is worth. As a buyer, you will have confidence with your purchase when there are no issues to deal with. In case there are any issues, you are also aware when making the purchase and you can request for them to be handled before or after the purchase. It is always better when you are aware of what you are buying.
It eases the lending process
In addition to the home appraisal required by mortgage lenders, a home inspection is also necessary. It helps in justifying the real value for the selling price and this can play a huge role in the selling negotiations. You therefore in the end get real value from your mortgage for what the home really is. You will be in a better position to qualify for mortgage lending with a home inspection report in place.
It covers all major areas of the home
This is unlike a home appraisal that only gives the cursory market value of property. The inspection gives a detailed analysis of the condition of the home. The professional contractors analyze the mechanical systems of the property including the air conditioning and furnace systems, electrical components and plumbing. Problematic areas such as the roof are also not left behind in the inspections.
It alerts on any potential threats or safety concerns
They include asbestos, lead-based paint in the property or mold attacks which can be very dangerous to health. The home inspector saves the day by suggesting remediation actions to take care of the issues. The home inspection will also reveal code violation present in the property, especially in older homes. The buyer can then make informed decisions with such revelations.
It acts as a future planning tool
This is in the sense that it can offer a life expectancy on appliances, furnace, roofs and other items. The buyer therefore knows when an upgrade might be necessary. Local codes will also be brought to light in favor of the buyer.