How to Make the Best of a Home Inspection

Written by Posted On Wednesday, 20 June 2018 11:17

A home inspection is a must more so when trying to look out for open house warning signs. It’s been proven to be a valuable home selling tool for sellers as well. The peace of mind that both buyers and sellers can get from knowing that they have a structurally sound and safe home is priceless. Below is the whole process of a home inspection along with tips on how you can get the best out of it.

Why Have A Home Inspection?

A home inspection can be of great benefit to a seller because it allows the seller to list the home for a higher value after all needed repairs have been made. A home without problems is easier and faster to sell because it is more attractive to buyers.

The main tip before going for a home inspection is to make sure to hire a professional home inspector with an impeccable track record. This can be done by researching home inspectors in your area and looking up what people say about them or by hiring a home inspector trusted by someone you know.

What to Do During the Home Inspection

The best case scenario is to be present during the home inspection so that the home inspector can point out possible problems in person and explain the options you have to address those issues. This will allow you to ask questions, take notes, take photographs, and learn about what things to check for when buying a home or making sure that a home is safe. Don’t hesitate to check each possible house issue to protect yourself from bigger problems down the road.

Why Recheck and Take Notes?

Once the home inspector leaves, be sure to go over the identified problems and take a closer look. This will help you with negotiating agreements no matter whether you’re the one selling or buying a home. Repairs take money and resources which can be added or deducted to the selling price depending on which party you are representing.

Review the Report

A home inspection report will give you a detailed list of problems identified by the home inspector. This list will help you decide which issues you think need immediate resolution or those that can wait. The report will help you compare with your own notes and give you a better picture of the repairs needed and their cost.

Discuss and Negotiate Repairs

If you’re the seller, you can choose to do the repairs needed and then list the home for a higher value or let them be and then offer the home for a slightly lowered price.

If you’re the buyer, you can ask for an asking price deduction that is equal to the estimated cost of repairs if you’re buying the home as-is. Another option is to suggest that the current owner get repairs done and then you buy it after a reinspection followingthe repairs. This would be best for very expensive repairs such as for changing the entire roof or replumbing the entire home.

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Brad Miller

The Goodale Miller Team: A group of Oakville Luxury Real Estate Professionals that operate on a philosophy of honesty, integrity, and results.

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