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Best Real Estate Brokerage for Investors in Erin: 10 Reasons You Should Always Get a Home Inspection
Many people are under the assumption that getting a home inspection is just an extra cost. They believe that since they’re not buying the house, it doesn’t matter what someone else says about it. This couldn’t be further from the truth! There are many reasons why you should always get a home inspection before purchasing your next best investment. Here are got 10 of them for you from the best real estate brokerage for investors in Erin, Ontario.
Reason 1: You get a second set of eyes on the property. Your friend might think that something is wrong with the house if it’s old, but they may not be able to tell you how much money will need to go into repairs or what exactly needs fixing for there to no longer be an issue. A home inspection gives you someone who has the experience and knows where problems tend to come up most often so that they can advise you accordingly before making your big investment!
Reason 2: If there are issues found during the inspection process, then these issues can sometimes be negotiated down because both parties know about them ahead of time. This means more savings for YOU when purchasing your next best investment.
Reason 3: If you are purchasing a home that isn’t new, then it’s likely been lived in by someone else before you and they may have done some things to the house without telling anyone about them. A great deal of trouble could be caused if there were small issues such as improperly installed outlets or even something more serious like mould on the basement walls which can mean expensive repairs down the line – not only for getting rid of the mould but also for repairing any damage that it may have done to the home.
Reason 4: Home inspections can help you save money on your homeowner’s insurance. Believe it or not, many insurance companies offer discounts to policyholders who have had a home inspection completed by a qualified inspector. This is because they know that any potential problems with the property were found and dealt with before you even moved in, meaning that there is less of a chance for them to have to pay out claims related to those issues in the future.
Reason 5: A home inspection will give you an idea about how much work needs to be put into the property so that you can properly budget for it. If you’re not prepared financially for what could be a lot of work, then you may find yourself in a bind after purchasing the home and not be able to afford the repairs that are necessary. By getting an inspection done ahead of time, you will have a good idea about what exactly needs to be done so that there are no surprises down the line.
Reason 6: A home inspector is going to be looking for things that you as a homeowner likely would never even think to look for. This includes everything from potential roofing problems and water damage to faulty wiring and insect infestations. By having someone else inspect the property for you, it means that you’re less likely to miss anything big (or small!) that could cost you later.
Reason 7: A home inspector can bring up legal concerns that you might not have thought of when purchasing the property. For example, they may find out that there is a problem with something such as the sewer pipe or even old termite damage and this could legally impact your ability to sell the house in the future. This means more money down the drain if these issues aren’t dealt with before selling it on – so best just to fix them ahead of time at no extra cost to yourself by having an inspection done first.
Reason 8: After getting any major repairs completed from their list after receiving your report, potential buyers are going to want another set of eyes looking over everything again before putting in an offer. By using a trustworthy company for this second inspection, you’re going to be putting your best foot forward and showing that you’ve taken all the necessary precautions in order to ensure a smooth sale.
Reason 9: Home inspections can help speed up the selling process down the line. If there are no major red flags found during the inspection, then this is something that potential buyers can be reassured by and it could lead to them making an offer sooner rather than later. This means less time spent waiting for offers (and potentially a lower asking price) or having your home sit on the market longer than necessary.
Reason 10: Last but not least, getting a home inspection is just good peace of mind overall. No one wants any nasty surprises after purchasing their dream home in Erin, Ontario – by catching any potential problems ahead of time, you can avoid any heartache (and extra cost!) that may come along with them. Plus, it’s always best to be safe than sorry when it comes to your hard-earned money.