The Importance of the Home Inspection Prior to Purchase

Are you in the market for a new home? Are you ready to become a homeowner? This is an exciting decision that should never be taken lightly. There are quite a few things that you must do when buying a home, including making a down payment, signing the paperwork, qualifying for a mortgage and having an inspection performed. The inspection is one of the most important parts of the home buying process. This post will explain the six reasons why a home inspection is important in Cinnaminson, New Jersey.

Provide an Out for the Buyer

If you are nervous about making a large down payment for a home and then paying a monthly mortgage you might be eased by the out you have with a timely Cinnaminson home inspection. If there are any red flags found during the inspection the buyer will be able to back out of the purchase if they so choose. Should there be too many problems to fix the buyer can simply walk away from the table. The buyer should carefully follow the timetable set forth in the contract for sale.

Affordable

Home inspections do not cost buyers thousands of dollars. They typically range from $300 to $500. This is very affordable considering how much money it could save you if any problems are discovered before you sign the contract. The report submitted by the inspector will be very detailed and include pictures of various areas of the home, especially problem areas. You could very well spend tens of thousands of dollars in repairs for undetected issues down the road if you skip the inspection.

Discover Safety Issues

Home inspections have been known to discover safety issues in homes in and around Cinnaminson and Burlington County. These issues can be related to mold, carbon monoxide, electricity, blocked chimneys and much more. You don’t know if the home you are purchasing has ever dealt with mold or if it currently has mold.

You also don’t know if the wiring is bad in the outlets. Is the heater vented properly so as to avoid carbon monoxide poisoning? All of these questions can be answered with a home inspection.

Negotiation Assistance

A home inspection report can provide you with information when it comes to negotiating repairs or credits. You may decide that this particular house is not worth the headache and you may decide to terminate the deal. If there are quite a bit of items that need to be repaired you can negotiate the sale price down if the seller doesn’t want to fix the issues prior to signing the contract. This will leave you with more money in your pocket to fix the problems yourself.

Find Structural Problems

Structural problems can be hard to find until it is too late. A home inspection can find various issues with the structural integrity of the home before you spend hundreds of thousands of dollars to purchase it. Structural problems might not be fixable depending on the severity of them. That’s why you should always have an inspection conducted as part of your home purchase.

Buying a home is one of the most exciting times in life. It’s where you want to settle down with your spouse and start a family. Ensure that it is safe for you and your children to live in with a Cinnaminson home inspection. Contact the office of Trish Davis, Esquire today to discuss your real estate plans.