One of the best pieces of advice you can heed when it comes to buying a house is to order a home inspection. Regardless of whether you’re a first-time homebuyer or an old pro, it can be difficult to evaluate all the different aspects invilved in a home. Luckily, a certified home inspector has no emotional attachment to your new place and can impartially and appropriately identify structural, electrical and plumbing problems.
During your home search, you’ll probably notice the great front yard, charming breakfast nook and spacious bedrooms. What you won’t notice, however, are the termites in the basement, nests in the chimney or cracks in the foundation. That’s why it’s important to speak with your real estate agent, who will be able to recommend inspectors who can reliably and responsibly check the nooks and crannies, walls and roofs.
The inspection will cost you a few to several hundred dollars, depending on where you live, but it’s a small price to pay to ensure your home is worth the investment. Usually conducted after an offer is accepted, the inspection also provides leverage for negotiating concessions with the seller before the sale is finalized. Based on the inspector’s detailed report, you’re able to alert the seller to all issues you’d like fixed or addressed before the sale is closed.
In other words, a home inspection allows you to know exactly what you’re buying – and if it truly is the perfect place for you.
It’s also very important to note that an inspection belongs to you, the buyer, and exists for your benefit. It is not the same as an appraisal. An appraisal is simply an evaluation of value performed on behalf of your loan originator to make sure what they are funding is worth the money they are loaning you.
Source: RE/MAX Blog