If you’re planning on buying a house and moving out, it might be tempting to skip the home inspection. However, this is a crucial step in your home buying or rent process. It confirms whether everything is functioning well and identify various features that need repair.
For all your historical home needs in San Francisco, Bonnie Spindler, the Victorian Specialist, is here to help. Meanwhile, here are 10 reasons why you need to conduct a home inspection.
Helps Identify Unseen and Unpredictable Problems
Understandably, a home buyer would fall in love with a home for various reasons. Maybe it's the size of the house, its kitchen layout, or the open floor plan. All these aesthetics can make you assume that your new home has no defect. Luckily, an inspector will crawl into areas and y discover problems that are not apparent to you or even your realtor. This would help prevent potential regrets when it's too late.
Allows You to Understand that there are More Options
A home inspection gives you a better perspective about the property and gives you leverage over the seller. Depending on your inspection report, you can negotiate a lower price or seek another property if the current one doesn't match your expectations.
In a recent National Association of Realtors survey, 14% of home sales are not completed once a home inspection is conducted. While it may seem frustrating that you will have to look back into the market, there are valuable lessons to learn once the report is in your hand. This comes in handy, especially if you're a first-time buyer.
The revelation of Illegal Installations
And what comes with this? Effect on your taxes, usability, and insurance. You may also be forced to do the entire installation to meet the required standards. And don't be fooled by a new property. There are also chances that some of its structures are not up to code. The only way out of a potential financial problem is to identify this kind of problem and have it fixed or move on.
A Suitable Negotiation Tool
The kind of decision you make depends on your home inspection report. If there are quite a lot of features that raise eyebrows, you may seek a lower price. You can ask to leave the deal and seek another house if they are too much. Maybe the HVAC needs repair, or there's water damage. Regardless of your inspection's revelation, this would be an excellent opportunity to knock off a few dollars from your final cost.
Ability to Know Future Costs
Considering these factors, you can easily know how much you need to cater for any repairs or replacements required for the future. This will help you budget for this factor or decide whether your investment is worth it. It will also determine what home insurance coverage or warranties you should look for.
If you decide to go ahead with any improvement, this gives you a potential increase in the value of your house, even if the inspection is based on the home inspection report. This is true for significant home improvements such as buying new appliances, roofs, and furnaces. It may seem a long shot, but if you're buying a home as an investment, this would be the best way to determine whether you can raise enough profit from your future sale.
Guarantees Safety for Your Dwelling
Issues such as worn-out roofing, faulty electrical wiring, or inoperable windows are common in home inspections. These issues may not appear as a safety hazard at first glance, but they may pose a risk to your family if you take the time to assess them.
Cuts down Your Maintenance Cost
Any home requires ongoing maintenance. You cannot prevent things from wearing out or breaking, especially if you live in a place with frequent harsh weather. This is true when buying a new house. You must know how much it would cost to maintain, and you cannot know about this unless you conduct a home inspection.
Knowing every issue associated with your home gives you a first-hand look into your maintenance budget and helps you start planning for these expenses. You will also learn about any considerable costs in the future, especially if some appliances or features need replacing.
Eases Your Home Sale Process
The home inspection report highlights everything you should fix before they become a point of leverage for your buyer. You can also adjust your selling price accordingly, based on the level of repairs the property needs. However, fixing these issues is way cheaper since you can improve some of the problems and cut your costs.
Apart from this, pre-home inspections allow you to list your home as pre-inspected. Some buyers will forego doing their assessment, easing the nuisance that comes with their findings. Be honest with your inspection since stating that your home is pre-inspected and failing to meet your buyer's expectations can land you into trouble in the future.
Reveals Potential Pests and Insect Infestation
A home inspection will help reveal whether there are pests and insects such as termites, mites, and rodents. If you thought termites wouldn't be a problem in your house, you should know that they cause up to five billion dollars of property damage yearly.
Don't assume that every home inspection will automatically include a pest infestation assessment. Ask your home inspector about this to ensure that it's included in the process.
Peace of Mind
If you intend to sell it, having an inspection eases the worry that comes with revelations that you're unaware of. Most importantly, your buyer will not have any leverage on your pricing, and you'll most likely complete your transaction as soon as possible.
You don't need more convincing why you shouldn't skip a home inspection. There are lots of benefits that come with this decision. However, nothing beats a partnership with a reliable realtor. It ensures that you're getting a house that's thoroughly inspected and safe for your living.
Meet Bonnie Spindler, the Victorian Specialist. With over 25 years of experience, no better person can help you get the perfect home in San Francisco and its neighborhoods. Her specialty in Victorian and Edwardian homes is an added advantage for anyone looking for a vintage house that suits their style. Contact her today to schedule an appointment!