Know What You’re Buying
Ultimately, it’s important to know exactly what you’re buying, especially when it comes to a big investment such as your home. Since this is probably the most expensive purchase you’ll make, be sure to do all pertinent research, including scheduling a home inspection. Your home inspector can also help you make an informed decision based on your current budget.
Don’t Judge a Home by the Exterior
This can be especially tempting when you’re buying a newer home construction. You might feel like you’re wasting money on something that’s really not necessary. However, it’s important to understand that regardless of the age of the home, there can be expensive problems that the average buyer can miss. From wiring and plumbing to structural issues and more, you don’t want to make the costly mistake of skipping a home inspection.
Typically, a home inspection will range in cost from $300 to $500 depending on the size of the house. While that’s not a small amount of money for most people, you should look at it as an investment in avoiding expensive repairs down the road. Trying to save several hundred dollars now could cost you thousands of dollars in just a few years.
One of the best reasons to schedule a home inspection on a house you want to buy is that it can give you the ability to negotiate a lower price. Sometimes, a home that’s on the edge of your price range can be brought down to a more affordable price when you have the results of the home inspector’s report. Depending on the language in your contract, the home inspection report could also allow you to back out if problems are discovered with the home.