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UPTOWN Real Estate Group is your luxury international real estate firm. Our team has more than 30 years of prestige and experience. Hablamos español. Houston & Mexico.
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10 Reasons You Need a Home Inspection
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When buying a home, after the offer goes into the contract
process there are many necessary costs that might make you want to skip the
home inspection and its costs. Today, we will give you a list with 10 reasons
why that’s not a very good idea and a home inspection is something you should
definitely get done.
- Insurance: Some insurance companies will not insure a home without the presence of certifications or if certain conditions are found.
- It Provides an “Out”: A good home inspection can reveal important information about the condition of the home and its systems. This will make you aware of any possible repairs, maintenance or any extra costs the home may require now or later. It is also an opportunity to back out of the offer if you don’t like what you find.
- Reveal the Big Picture: It is important to know everything regarding the biggest purchase you may ever make. A home inspection helps with that.
- Reveal Illegal Addition or Installations: A home inspection can reveal if any room in the house was added or completed without a permit or did not follow code. Try to avoid unpermitted or illegal alterations; they can affect insurance, taxes and value of your property.
- Learn to Protect Your Investment: The inspector is a valuable source of education regarding your purchase. He or she can suggest specific tips and help you save money.
- Protection: Better safe than sorry. You need to get the proper inspection, especially if you are buying an “as-is” foreclosed property or doing a short sale.
- Determine “Deal Breakers”: A home inspection can help you identify how much extra money you would have to spend and depending on your plan and budget, it can help you make the decision of closing the deal or calling it off.
- Safety: An inspection can detect safety issues and every home should be tested for that. Beware of hazards that could break the deal for you. Safety is very important part of a new buy.
- Forecast Future Costs: Knowing the age of the major systems installed in the home can help you make important budgeting decisions, and it will determine what type of home insurance coverage or warranties you should consider.
- Negotiating Tool: The home inspection report presents an opportunity to ask for repairs and/or request a price reduction or credit from the seller depending on the report outcome.
The real important thing is for you, the buyer, to
understand as much information as you can about your “soon to be” home. It is
good to have someone with you during this process in case you have any
questions. If you need any help, don’t hesitate to contact us, we’re happy to
assist you.
