Advantages Getting Home Inspections for Buyers and Sellers

Why should you bother having a professional home inspection on your current house or the new property you intend to purchase soon? There are several solid answers to that question, and most people are probably unaware of how crucial a proper house inspection is. 

Continue reading for more information to back up that claim!

Here are the top advantages of a professional home inspection, whether you’re selling or buying a house in 2022.

1. Preparing for a sale

From the standpoint of the seller, house inspections are still quite beneficial.

You already know that property buyers will leave if they discover that your home has flaws or difficulties. You may be unaware of some of these flaws, but when the buyers order their own house inspections, they’ll be fully aware.

Knowing ahead of time enables the seller to make repairs and renovations, avoid embarrassing last-minute concerns that might derail a sale, and present the house as newly remodeled to obtain a better selling price.

2. Ensuring your homeowner’s insurance

Almost all mortgage lenders will need you to get homeowner’s insurance on your new house, and nearly all home insurance companies will require at least a 4-point home inspection on the property in issue.

There’s no doubt that this is the primary advantage that most people consider when considering a home inspection. Still, as we’ll see, there’s much more to gain than simply fulfilling your insurance company’s standards.

3. Better prices on insurance premiums

Even a routine examination might accomplish this. However, you may need to make some changes to qualify for a discount. For example, certain states requires Insurance companies to offer discounts for protecting houses against any damage caused by windstorms. These are called ´wind mitigation credits´and can be offered after a certified inspection is made.

4. Detecting hidden problems

A house frequently has hidden holes, cracks, and corners that a standard home inspection cannot see. However, if you request an infrared check, you can also look into those places.

Modern, professional house inspection equipment may detect insulation, wood rot, and other issues. Infrared technology is included in their arsenal of cutting-edge equipment.

5. Preventing “buyer’s regret”

Nobody likes to discover that their new house has faulty plumbing, a broken HVAC system, needs a new roof before next year, or requires extensive electrical repair. A 4-point or other examination can detect issues before they become serious.

More minor concerns that make it into the report will not change your opinion about purchasing a piece of property or serve as negotiating chips. Still, they are helpful in that they illustrate the actual state of the property and provide you with a “checklist” for future minor repairs/upgrades.

6. Having leverage to bargain

Even if specific issues are discovered during the house inspection, you as a buyer may decide to proceed with the purchase. However, you may have acquired a useful “bargaining chip.”

When there are serious concerns, the buyer can frequently negotiate a lower price or have the seller agree to rectify the problem at their expense. Furthermore, if substantial flaws are detected but not remedied to your satisfaction, you have the right to terminate the purchase agreement.

7. Protecting your home

By ordering a wind mitigation examination, you may find out how prepared your home is for the next significant wind storm. You can seek advice on making changes that will help you avoid costly and severe wind damage.

Conclusion

Home inspections are beneficial for both home sellers and buyers. For sellers, having a home inspection can help them identify any potential problems with their home that could turn off buyers or result in a lower sale price. 

If you’re buying property, getting a home inspection can help them avoid buying a lemon of a home and give them negotiating leverage if problems are found. Overall, home inspections provide peace of mind for both parties and help make the home buying and selling process go more smoothly.

Are you looking to buy your own house? BuyHouseEZ has an experienced team of real estate professionals that can help make the American Dream more achievable. Contact us today to get started!

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