5 Benefits of Getting A Home Inspection Before Buying
Buying a home is an important process and one that should not be taken lightly. It is vital for new homebuyers to do their research before purchasing a home near Eldon, MO, as this is quite possibly one of the biggest investments that a person will make in their lifetime. We at Devine & Associates, the experts in buying and selling property in mid-Missouri have compiled a list of five reasons that homebuyers should get a home inspection before they make that big purchase.
It is important to do your research when purchasing a home. As a home buyer, make sure to do extensive research so that you know what you are buying, and so that you know you are getting the best home for your money. Work with a knowledgeable real estate team near the Lake of the Ozarks. We can help ensure that you are truly purchasing the house of your dreams in the Lake of the Ozarks area.
1. Hidden Issues
When purchasing a home, there are often issues that are unknown to the average buyer. You may fall in love with the look of the home but be unable to see major issues lying underneath excellent staging. There could be interior structural issues, issues with the wiring or electrical, plumbing issues, and other hidden issues that can go undetected by the majority of those viewing the home. Even something that may appear minor, such as small cracks in walls, siding, or flooring, can lead to issues much bigger than one would think. If water is pooling around the home, or if gutter damage is noticeable, it may not be an easy fix. Peeling paint may not seem like an issue but lead-based paint could be hidden underneath the top peeling layers of paint. It is possible that the home has pest and insect problems; infestations can ruin the household structure and invade your space, even if they cannot be seen immediately. These hidden issues should prompt a home buyer to get an expert opinion from a certified home inspector.2. Expense
Expensive problems are often unseen and unpredictable by the average buyer. Having a home inspection helps the buyer to see any hidden problems before purchasing a home. Although there is a cost to getting a home inspection, the cost of the inspection far outweighs any future unpredictable costs that may come along with a home that has hidden issues. A home inspection cost will vary, depending on the inspector, the area, and the size of the property, but the average home inspection in 2019 costs about $300.00 to $500.00. Although this may seem like a large sum of money to pay up-front, it could save you much more in costly repairs down the line.3. Negotiation Tool
If a home buyer has an inspection completed before buying, and there are costly issues found that need to be repaired for the integrity of the home, this can be used to negotiate with the seller for a lower price. The buyer may also work with their REALTOR® and the seller to include a clause in the buying contract requiring the seller to make repairs deemed necessary by the inspector before the purchase is finalized. Buyers can also work with their REALTOR® to negotiate the language in the contract to include that the buyer can back out if the inspection goes poorly or turns up a lot of problems with the home. Facts regarding the condition of the home laid forth by a professional inspector can become a very powerful negotiating tool for the buyer when purchasing a home.
4. Safety And Peace Of Mind
A home is an investment in your future, for both you and your family. As a home buyer, you want the peace of mind that comes with knowing that the home is safe and that your family will be free from surprise or hidden dangers in the home.5. Knowledge Of What You Are Buying
As a home buyer, the most important thing should be to know what you are buying. You want to know what you are investing in before you make what may be one of the biggest purchases of your life. Getting an inspection can help predict future expenses and repairs that may have to be done down the road. By figuring this into the purchase cost of the home, you will know what you can and cannot afford. Knowledge of the home’s current issues will put you on a path to research whether you can afford future repairs (both necessary and cosmetic). If this is within your budget, or you are able to negotiate with the seller to make this work for your budget, then you will have an understanding as to if this really is your ideal home.It is important to do your research when purchasing a home. As a home buyer, make sure to do extensive research so that you know what you are buying, and so that you know you are getting the best home for your money. Work with a knowledgeable real estate team near the Lake of the Ozarks. We can help ensure that you are truly purchasing the house of your dreams in the Lake of the Ozarks area.
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