Did you finally find your dream home in Edmonton? Congratulations! Browsing through all those property listings has finally paid off.
But before you close the deal, make sure you make sure you have a complete home inspection done to avoid unexpected problems later on.
Here are five reasons not to skip a home inspection:
A home inspection service can help identify potential safety hazards like invisible airborne toxins, carbon monoxide, and mold infestation.
Skipping home inspection can put you and your family at risk of breathing in dangerous particles and gases, which can lead to the development of severe health problems.
If the home inspection report mentions any of these hazards, you must withdraw your buying offer and look for other properties.
Some people think that home inspections are unnecessary expenses, but that’s not true at all. A quality home inspection can save you thousands of dollars in the long run.
Home inspectors diagnose the current condition of the home structure and estimated useful life of components to help you learn about the actual condition of the property.
A home inspection report helps you learn about repairs and maintenance requirements. If a property needs extensive work, you may consider backing out of the offer.
A home inspection service will help reveal any unlawful additions or installations made in the home, for instance, a basement without a legal permit.
Buying a home with additions that don’t meet legal compliance can affect the value of your home and become your financial problem to fix.
Moreover, it will also affect your home insurance and tax rates. A home inspection report will help you learn about any illegal additions in advance to prevent compliance issues.
Many home insurance providers require a residential property to fulfil certain conditions to approve a homeowner’s insurance.
If the residential property that you want to purchase wasn’t inspected recently, you might require a 4-point inspection to qualify for a standard policy.
Inspections allow insurers to estimate a property’s coverage requirements. Your home inspection report will fulfil their criteria and help you secure a policy without any hassle.
Negotiate a better price
The home inspection report allows you to appraise the property on its merits and allows you to negotiate a lower price.
You can request the seller to reduce the price to account for pre-existing repairs expense to reflect the fair value of the property. On the other hand, you can ask them to get the repairs done.
More often than not, sellers agree to reduce the price or at least meet you halfway, which can save you thousands of dollars.
Are you planning to buy a new home in Edmonton, get in touch with me today! I’m Mina Gayed, a professional real estate agent and property consultant who would be glad to help you find your dream home. Call/text 780.994.6462 to learn more!