3 Crucial Reasons to Have a Home Inspection Performed Before Buying or Selling

failure to disclose defectsSearching for a new home can be a long journey, and it's no secret that coming to the end of that journey can be a time filled with excitement. But getting caught up in that excitement can make you forget to take the necessary precautions when you're looking at the house you want to purchase.

If you're really set on purchasing a home, you absolutely need to take measures to ensure it's safe for you to move into. That's where home inspections come in. Sometimes there is a failure to disclose defects in a home, and here are three crucial reasons you need to have an inspection performed before you buy your new home or sell your old one.

Saving Money in the Long Run
The initial cost of an inspection may seem a little bit steep, but it's well worth it in the end. The cost will vary based on the size of the house, but between $300 and $500 is a good estimate. If these inspections aren't done, issues with the house might crop up later and end up costing you thousands in repairs and in real estate law firm fees.

Selling a Home
Getting involved in a real estate dispute is the last thing you want when you're selling your home. According to the National Association of Realtors, 77% of homebuyers will have an inspection performed before they make their purchase. In order to avoid any issues after beginning the selling process, a home inspection should be completed before your house ever goes on the market. This way, you can spend time remedying any issues that need to be immediately fixed for the next owners of your home.

Sound Knowledge of a Home
Having sound knowledge of a home before you purchase or sell it is absolutely essential. You could contact a real estate lawyer if you have any issues or if there was a failure to disclose defects, but a home inspection can solve all of those problems before they even become problems to begin with.

Whether you're on the hunt for a new home or you're planning to sell the one you own now, don't ever underestimate the benefits of a home inspection.