Thursday, 05 September 2013 20:51

Why Having a Home Inspection is Important Before You Buy a Home

The dangers of NOT getting a home inspection!

Buying a home without getting a home inspection is not a good idea. Sure, you've walked through the house yourself, but hiring a professional that examines the home with a fine tooth comb can protect you from investing in a property that has significant issues. You may be reluctant to pay for a home inspection, but at the end of the day the findings an inspector makes may save you money and time.

 

  • Choosing the right inspector is the first step in successfully having a property examined. While it is tempting to hire the cheapest professional, the quality of the inspection may suffer due to the low price. Asking your real estate agent to recommend 2 to 3 competent inspectors is an excellent way to find an experienced and trustworthy candidate.
  • A thorough home inspection investigates a houses electrical, plumbing, heating and cooling system, along with the houses structural integrity. On average, the examination of these components takes 2 to 3 hours. Once the inspector is done he provides you with a report that covers his findings, and notes whether an issue is a safety hazard, a major defect, or a minor defect.
  • It's highly recommended that you attend the home inspection. While the written statement you receive outlines any problems, it can be hard to decipher. Accompanying an inspector as he walks through the house gives you a much clearer picture of which issues need to be addressed immediately and which do not.
  • After the home inspection is performed, it is your job to follow-up on the suggestions the inspector has made. There are a few options you can choose from in regards to the findings. If you've put an inspection contingency in your purchase contract, which is always recommended, you have the option of walking away from the property if the problems are too substantial. You can also ask the seller to fix the big or small issues, reduce the price of the home, or provide you with a cash credit at closing, so you are able to fix the problems yourself.

A home inspection is not an expense you should avoid. If you do not have your new house examined before you finalize the purchase, you may find yourself regretting that decision immediately. Home inspections can save you from spending thousands of dollars on maintenance in the future. If you are interested in buying a home in Springfield, Illinois or the surrounding areas, please contact us and we will be happy to help you.

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