As you tour homes and picture yourself living in a new space, the house hunting experience can be a lot of fun. When you start to imagine everything that could go wrong if you inadvertently buy into a money pit, the experience can also be a stressful one. To help you to uncover potential problems with properties you’re interested in before you buy, home inspections, conducted by licensed or certified home inspector professionals. Before you sign on the dotted line, there are several good reasons to schedule property inspections. Today, we at JMark Inspections would like to share the importance of investing in a home inspection.
Home Inspections Help Avoid Poor Property Purchases
Residential inspections uncover problems you may not see on your own, including issues with the foundation, plumbing and electrical systems, the roof, and even exterior grading and drainage though you can learn a lot by touring real estate, and your agent will likely offer useful information and advice, it is just not enough. In order to help you to make fully informed decisions about property purchases, home inspections are an important aspect in making wise investments where real estate is concerned. They can be the deciding factor in buying real estate that will end up being too expensive to repair and maintain.
Good Negotiation After Home Inspection
Generally, both buyers and sellers are made aware of costs beyond the purchase price that are part and parcel of ownership when residential inspections unveil major issues with a property. If the buyer still sees potential in the property, they are in a better position to negotiate the price. Sellers may choose to make fixes before a sale can go through in some cases, like when it involves code violation. In order to offset known expenses going in, buyers can try to negotiate a lower sale price or make a demand that a sale be contingent on certain problems being addressed. For example, should you have to have a leaky roof replaced, you can for several thousand dollars off the selling price or request that current owners replace the roof.
Home Inspection Before Loan Approval
Before mortgage lenders are willing to approve your home loan, you’ll be hard pressed to find a mortgage lender that doesn’t require property inspections. They want to protect their investment as much, or even more than you do. You may not be able to keep up with your mortgage payments, if you end up with a money pit that immediately requires thousands of dollars in repairs. The bank doesn’t want the liability of owning your property or the hassle of selling it in order to recoup costs, while the bank can always repossess your property should you default on your loan. Depending on the lender, they may or may not require home inspection, though most do, some will use their own preferred vendor services. Being the long-term, sizable investment of property ownership, whether the inspection is required or not, it is in your better interest to hire such services.
Peace of Mind Home Inspections
With such a major purchase, comes a lot of stress, and any potential problems going in can reduce the risk of finding issues after the fact by hiring a home inspector to better inform you. This gives you the opportunity to better focus on the fun and exciting parts of looking for a new home.
Residential & Commercial Inspections in Pasadena, Pearland, League City, Sugar Land, The Woodlands, Conroe, Friendswood & Greater Houston, Texas
When you need a home inspection in the Greater Houston, TX area, call in the experts of JMark Inspections and let our certified and experienced professionals provide you with a comprehensive inspection service. Contact us today!