Buying a home is a big decision no matter who you are. It comes associated with a lot of risks and long term benefits. Homes and real estate are big investments that will run down your bank balance. After an initial down payment and monthly payments over a span of 30 years, buying a home can cost you well over a million dollars.
So how do you make sure that your life savings don’t go down the drain? Follow the first rule of business “The higher the risk, the higher the returns” and you will be able to avoid future expenses of costly repairs. With an investment this big it is always better to have a home inspection before you seal the deal.
Home inspectors charge around $350 per visit, which is not much considering the benefits you get from their service. You might be inclined to conduct the inspection yourself or skip it altogether, but just remember you’re not an expert when it comes to construction and real estate. An experienced professional knows what to look for.
An expert home inspector carries an inspection sheet with him for a reason – to make sure that every inch of the property in question is examined in detail. If you’re wondering what kind of detailed inspection could they do that you can’t do, we’re talking about checking structural integrity of the building, the thinness of the walls, getting into the ventilation ducts to judge their condition, and examining the roof for repairs and loose shingles. These are things that you can’t do yourself.
After the inspection is complete the home inspector will prepare a detailed report of all the problems with the building and provide evidence of the same. He might also give you a cost estimate of the repairs. This puts you in a better position to bargain the deal with the seller. Sometimes sellers can take up the cost of repairs before you finalize the deal.
Always hire home inspectors that come highly recommended and have reliable certifications to prove their skill. Don’t hire inspectors that perform repairs themselves, as they could previously be HVAC technicians who promoted themselves just to make more money.