How A Pre-Purchase Home Inspector Can Save You Money

Posted on: 13 May 2015

You should never buy a piece of real estate (such as a residential property) without having a pre-purchase inspection carried out. Such an inspection will alert you to defects that may not be evident to a layperson and you will make an informed buying decision. This article discusses how a home inspector can save you money when you want to buy a home.

Pointing Out Defects That Will Cost You Money To Rectify

The pre-purchase home inspector is someone you have hired so they have your best interests at heart. They will look out for defects within or outside the house's structure and inform you of any they discover. For instance, they can alert you if the basement has flooded in the past. This information lets you know that waterproofing needs to be done in the basement. You can use this knowledge to negotiate a lower price for the home so that funds are available to rectify the shortcoming in the basement.

Advising On Needed Maintenance Work

First time homebuyers can greatly benefit from the work of pre-purchase home inspectors. This is because the inspectors advise the homebuyer on how to maintain the home basing on their findings. This can save the homebuyer money in the long run. For instance, the buyer may be advised to pump out the sewer tank the next year. This can save the buyer from incurring heavy costs of repairing a collapsed drain field that was overwhelmed by an overflowing sewer tank.

Giving You A Detailed Report That You Can Present Anywhere

Pre-purchase inspectors will give you a detailed report after the inspection process. That report will have their official seal so you can present it to different entities and it will not be questioned. For instance, you can present it to a bank as you look for financing and the bank will use the information in the report to approve your mortgage. You can also present that report to a specialist (such as a plumber) that you would like to rectify a problem that was observed and the specialist will immediately go to work without asking you to pay in order to have the house inspected. In this way, that one report can save you from incurring huge expenses to provide documents about the home to different entities like those discussed.

As you can see, the money you spend on a pre-purchase home inspection can actually save you a lot of money in the end. For more information, contact a company like Safe House Property Consultants.


Selling Old Homes in Contemporary Markets: A Real Estate Blog

Welcome to my real estate blog! My name is Karen, and I love old homes. Whether they are Victorians, Queen Anne, Queenslanders or any other type of old house, they appeal to me stylistically. However, not everyone sees the appeal. Others seem to see old wiring, leaky roofs and the other issues sometimes affiliated with older houses. All of these facts can make it hard to sell an old house in a contemporary market. However, I have sold several of my own 'old' houses, and I have helped friends sell theirs by recommending which repairs need to be done and which staging elements will help. If you want help selling an old home in a modern market, take a look at these posts. Thanks for reading!