A home inspection is an objective visual examination of the physical structure of a home, from the roof to foundation. A home inspection is the equivalent of a physical examination from your doctor. When problems are found, the inspector may recommend further evaluation or remedies. A home inspection summarizes the condition of a property, points out the need for major repairs and identifies areas that my need attention in the near future. Buyers and sellers depend on an accurate home inspection to maximize their knowledge of the property in order to make intelligent decisions before executing an agreement for sale or purchase. A home inspection points out the positive aspects of a home, as well as the maintenance that will be necessary to keep it in good shape. After an inspection, both parties have a much clearer understanding of the value and needs of the property.
There are many good reasons to do a pre-purchase home inspection. Here are just a few.
Reason #1: It makes good business sense
Consider the fact that the average price of a home is in excess of $190,000.
Consider that a new roof can cost anywhere from $5,000 and up.
Consider the fact that a new furnace can cost from $2,500 and up.
Reason #2: You will have greater peace of mind.
Buildings, old and new, need repairs and even on newer buildings it is not uncommon to have repair estimates into the thousands of dollars.
Reason #3: You will be better informed.
Being armed with the right information will help you make a good decision and feel great about it. Not doubt about it, buying real estate is not a stress-free event, but a home inspection will relive some of the strain.
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