A pre purchase building inspection is essential for anyone who is thinking about buying a property. An inspector will go through the property and point out all of its flaws regardless of how large or small that they are. For a few hundred dollars, you will know if the home that you are about to buy has any major issues with it.
It’s More Than Just a Building and Pest Inspection
Buying a property is one of the most expensive purchases that you will make. If the roof is leaking, it could cost you thousands to repair. If there are bugs, you could spend thousands getting rid of them. There may also be existing bug damage that you might not be aware of if you don’t get an inspection. Once you buy the property, you are responsible for everything that happens to it. Therefore, you can consider the pre purchase building inspection as insurance for your investment.
Learn Ways to Save in the Future
An inspection may help you learn ways to save on housing costs in the future. For example, your inspector may tell you about new light fixtures that are available or where to add extra insulation in the home. This can help you save on utility costs for years to come. He or she may even be able to tell you how to install an extra heating vent or anything else that could represent an improvement in the property’s value.
The Inspection Shouldn’t Take Long
A building and pest inspection should not take much of your time. In as little as an hour, you can learn everything that there is to know about your future property. You may not even need to be there if you are content with trusting the inspector’s report. Therefore, the inspection process is something that you should not skip as saving a few hundred dollars now could cost you thousands in the future.
You May Have to Have the Inspection Done
In some cases, your lender may require you to get an inspection done on the property. While this may seem like a pain, it protects yourself and the lender in the event that there are any major problems. It may be possible to have the seller take care of any damage if it is detected before closing on the property. However, make sure to have a contract stating when repairs will be made to ensure that they are done in a timely manner. Even if the seller has the repairs done, it may be possible to have a say in who does the repairs to ensure that they are done properly and up to code.
Having an inspection done prior to buying a property is something that you shouldn’t even think about skipping. It will educate you about your home, give you the chance to ask the seller to do the repairs and will ensure that the repairs are done properly. If there is a major pest issue, you can make an informed decision as to whether you want to buy the house or if it is better to move on.