You are planning to buy a house soon. Good for you! You have been saving money for a long time and now you can finally afford the down payment. When it comes to purchasing a place of your own, it is advisable to be very careful. You want buying a home to be a positive experience, not a negative one. Sure, it is easy to get swept in the excitement, but you have to control your impulsivity. Purchasing a house is a big step, if not the most important one. One of the things you should do before signing the contract is have the home inspected by a trained professional. A home inspection can save you a great deal of time and money, so having one performed is paramount.
Having a home inspection performed before you buy give you much-needed peace of mind. You will have a clear idea of the condition of the property, knowing what to expect inside and out. Home inspections Toronto are usually performed at the time of the sale of the house. Unfortunately, this is not always the case. Is an examination of the state of the home really necessary? As a matter of fact, it is. In this article, we will discuss just how important it is to have a home inspection before you purchase.
The importance of a home inspection before buying
You have not finalised the purchase of the dwelling, which means that you have enough time to check out everything in the home. You can either have your friends and family come take a look at the place you intend to buy or you can hire a professional home inspector. It is needless to say that the second option is the best one. What the experts does is carry out a non-invasive examination of the condition of the house. The examination is a comprehensive one, meaning that everything from the major systems to the cosmetic issues are taken into consideration
The home inspection is conducted by someone with proper training and certifications. Not all home inspectors are equal. They vary in experience, competence, and judgment. The examination does not last more than 3 hours and offers you a thorough description of the condition of the house. You can expect to find out details about the interior, like electrical, plumbing, HVAC, fir safety, kitchen appliances, water heater, etc. When it comes to the exterior, you have a report regarding the foundation, exterior walls, grading, and so on and so forth.
You may be wondering how all of this can be useful. Here are the key benefits of having a home inspection before you purchase:
- Saving money
The fact that a home inspection can help you save money should not come as a surprise. Even though you will have to dig into your pockets, you will save money in the long run. The checkup helps you discover potential expenses that are hiding behind the sales price. For instance, you find out if the property is in need for repairs or if it has a low energy performance. When you write a contract to buy a new home you include your hard-earned money. So, get to know what you are spending your money on.
- Boosting your negotiation power
If problems are identified during the examination, your negotiation power increases. The advantage will help you get what you want, whether it is determining the sellers to fix the problem or lowering the sales price. The point is that gathering information gives you the power you need. How well you perform in the negotiation depends only on you.
- Having a feeling of confidence
Once you have a clear understanding of what you are about to acquire, you will have a feeling of confidence. To be more precise, you will be more comfortable making an offer on the house. Knowing that there are no serious repairs are necessary, you can decide on the price much easier. A house is a huge investment, so if there are any warning signs, you should be aware of them. Besides letting you know if the home is in tiptop condition, a thorough examination helps you plan for the future.
Deciding on a pre-purchase home inspection
The decision of whether or not to have a home inspection before you acquire a home is yours. What discourages most people is the price. It is true that a home inspection is not cheap, the cost varying greatly. The cost depends mainly in the region of the country and the living costs, of course. Other things are included in the price, like the features of the house (size, age, special structures). However, it is possible to get low rates. You just have to find the right inspectors.
The last thing you should do is purchase a home based on how good it looks. You are not buying clothing, but a building and, in this case, function is more important than appearance. Looks matter even when it comes to buying a place to live, but it is essential that you purchase a property that not only looks good, but also is structurally sound. You should have a pre-purchase home inspection carried out and, if possible, attend it. This is an opportunity to learn new things and you should take advantage of it.
Choosing a professional home inspector
Hiring a professional home inspector is the best thing you can do. In fact, trained professionals should realize all checkups. You are not able to identify everything that is wrong with the home, which is the reason why you should let the job to a trained professional. As a buyer, you should be looking for someone who is at the same time tough and meticulous. Going with the inspector recommended by the real estate agent is not necessarily a good choice. Select an agent that has no interest in your deal. The more objective the home inspector is, the better. Do not forget to include the report in the real estate contract.