Did you know that the National Association of Realtors has data that says 77% of homebuyers have a prospective home inspected prior to purchasing? If you are selling your home, consider having it inspected before putting it on the market. This will give you ample time to make the necessary repairs and list your home for more than you otherwise could. For both buyers and sellers entering into a real estate contract, it is important to get an inspection done. Here’s why.
- Electrical Issues
If you are buying a house, you want to make sure that the wiring is working as advertised. Faulty wiring can lead to excessive energy consumption, non-functioning outlets, power outages, and fires. A home needs to have quality and up-to-date electric. If it doesn’t, the seller won’t get the price they’re asking for, and the buyer will be stuck with a frustrating and potentially dangerous home.
- Foundation Leaks
Whether it’s because the drainage system is incorrect, the gutters are clogged, the foundation has cracks, or the basement windows are improperly sealed, foundation leaks are expensive to repair. If you find foundation leaks in a home, you might be better off looking elsewhere.
- Roofing Repairs
A damaged roof can cost more money than most home repairs. If you notice shoddy shingles, leaks from a ceiling, or a general aged appearance to the roof, you should either look elsewhere or consider a roof replacement as an investment before entering into a real estate contract.
- General Damage
If the home has a run-down feeling to it, consider that a big red flag. Not all homes that look pretty are problem-free upon inspection, but nearly all homes that look worn down do have problems. If you’re a do-it-yourself type of person, you might find good deals in these types of homes, but certainly inspect them first.
When buying or selling a home, it helps to have some knowledge of real estate law cases. Rely on a real estate lawyer for answers to questions you don’t know. Always have a home inspected, whether you’re buying or selling, so you can feel comfortable that there are no building code violations.