BENEFITS of a HOME INSPECTION
FIVE REASONS TO HAVE YOUR HOME INSPECTED BY DON HOPKINS
Don’t Judge a Home by Its Facade
Especially for those buying newer construction, a home inspection may feel like a waste of money. No matter the age of the home, there can be costly troubles unknown to the average buyer. Problems with wiring, plumbing or structural issues may not be visible during a showing and you’ll want to get an expert opinion. Even before you get to the interior, you can do your own preliminary inspection. Simply walk around the home’s exterior and look for these four potential problems.
Home inspection costs vary but a good rule of thumb would be to expect to pay from $300 to $500 depending on size and age of the home. That’s a good sum, but perhaps think of it this way: Those who skip out on the expense may realize in a few years that an inspection is much cheaper than rewiring the entire house.
One of the advantages of having a home inspection performed before you buy is the power it might give you to negotiate a lower price. If a home you’re really interested in is on the edge of your price range, information gathered during the home inspection may give you the bargaining power to talk down the price. You can also insert language into a purchase contract that allows you to back out of an agreement if the inspection turns up problems.
Not only are you able to negotiate a lower price, many buyers include clauses in their contract requiring the seller to make the repairs necessary before any money is exchanged. If the seller is unwilling to complete the repairs, estimate the cost and ask them to take that amount off the total. Solid facts about the quality and condition of the home can give you valuable bargaining power.
Remember that a seller’s repairs are not eligible to be included in seller concessions. VA guidelines allow the value of seller concessions to equal up to 4 percent of the selling price, but that 4 percent comes is in addition to any negotiated repairs. Learn more about seller concessions here.
Know What You’re Buying
In the end the most important reason to have a home inspection before you buy is to really know what you’re buying. Research your potential home like you would any other major purchase. The more you know, the fewer surprises there will be down the road. Home inspectors can help you make a decision based on your current budget as well as your future time and money investment.
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COMMON ISSUES WHEN BUYING A HOME
Because many issues with your pipes sneak up on you, a thorough inspection is the key to catching small problems before they grow. Leaks in sink drains or below water heaters are more than just a nuisance; over time, they can cause structural damage. Water that seeps into material contributes to mold growth.
Indoor air quality has become an important health and safety concern. Occupants of buildings with poor IAQ report a wide range of health problems which are often called Sick Building Syndrome (SBS) or Tight Building Syndrome (TBS), Building-Related Illness (BRI) and Multiple Chemical Sensitivities (MCS).
A roof that leaks is a problem in any weather, but a roof that suddenly begins to leak during a heavy rainstorm can quickly turn into an emergency. Finding a leak can take time, and can even be caused by a gutter issue. Prevent rushing to make an emergency repair with a Home Inspection from Don.
Faulty splices, frayed wires, or cut insulation can be an extreme fire hazard. A problem like this one often goes unnoticed by an amateur. NACHI and NAHB charts agree that copper wiring can last 100 years or more, BUT the real life expectancy of your wiring is not in the copper; it’s dependent on the wiring’s insulation.