In this challenging real estate market, many home buyers are not only trying to negotiate the best price for their potential home but are also shopping around for the best mortgage interest rate and lower closing costs, which includes the best priced attorney. One cost that should not be cut is the home inspection. A fresh coat of paint or new carpeting and/or updated kitchen and bathrooms may disguise serious flaws. If you bypass the inspection you may later discover hidden repairs that may end up with a costly surprise. Your real estate agent can provide you with a list of several qualified inspectors.
Reasons why every property should be inspected prior to purchase:
- Pre-owned homes: an inspection is advisable to possibly uncover mechanical and structural issues. The inspector also shows the buyer the different aspects of the home's mechanical details.
- New construction: A newly constructed home may have problems the average buyer may not see.
- Condos: don't forget when you buy a condo you are also buying into the entire complex. As a co-owner of the entire community, you may be assessed your proportional share of the corrective work required in common areas.
There are many additional inspections that may prove invaluable:
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- If there is a septic system, a separate inspection by a septic service company can be done.
- If there is a well, a well and/or water inspection is also available.
- If there is evidence of termites, a separate termite inspection can be done.
- If the property has been built prior to 1978, a lead inspection can also be performed.
- A test for radon gas can also be added to the regular home inspection of the property.
- If there appears to be evidence of mold, this also can be pursued in an inspection.
A home inspection is an important step in the decision to buy a home, to protect one of the biggest investments made in your lifetime. It is money well-spent to possibly avoid spending more in the future.
Karin Wynkoop is an experienced Realtor with Coldwell Banker in Trumbull and would be happy to help with any of your real estate questions and needs. She can be reached at: 203-258-7811 or Karin.Wynkoop@cbmoves.com.
