In mature western real estate markets, a home inspection is a common phenomenon, but this phenomenon is gradually finding its way in the Indian real estate markets too. The slowdown in the residential segment starting 2014 forced the home sellers and home buyers in India to see the benefits of home inspection.
If we talk about what home inspection is, then in simple terms, home inspection involves seeking the services of certified individuals and professionals to carry out a thorough inspection of the real estate property. This inspection is primarily done to determine any mechanical or structural issues with the real estate property.
A home inspection would expose any major safety issues, dis-functionality, deficiency, and the approaching end of the service life of multiple parts using which the property has been built. In addition, a perfectly carried out home inspection will also reveal any defective, broken, or dangerous issue with the property or the area surrounding it. In a nutshell, a home inspection is a safety and health check-up of real estate properties involving ceilings, walls, windows, doors, etc.
Even though a home inspection increases the property's acquisition cost, a home buyer must get it done before he/she finalizes the property as there are certain benefits attached to it. So, if you are on the home buying journey and want to know whether a home inspection will benefit you or not, then read this article till the end. Here, we have included a list of 5 surprising benefits of home inspection for home buyers.
Also Read: Check Value of Your Property
1. Help the buyers know the condition of the house in detail
A professional and knowledgeable home inspector will take enough time to inspect the home inside and out deeply and offer you a detailed and transparent report on its condition. For instance, if you are looking for properties to buy in Lucknow, you can contact a home inspector working in Lucknow. He/she will inspect a checklist of items concerning your chosen property and provide you with a detailed and organized report on the property's current condition.
Even if you have time to inspect a property, a home inspector will have a professional eye and will be able to point out different aspects unbiasedly, which you possibly won't be able to identify.
2. Get unbiased opinions on the structural components of the property
Another benefit that home inspection brings to the table is that it gives you unbiased opinions on the structural components of real estate property. If you are looking for a property in a well-known society and are satisfied with the overall look of the flats, there can still be some underlying structural defects and issues. And here, home inspection comes into the picture.
A home inspector knows where and how to look for details and will offer an impartial opinion on the house's structural components like the foundation of the building, quality of building materials, mechanical and electrical systems, windows, etc. Then, if there are any flaws, you can ask the home seller to negotiate the prices.
3. A home inspection can help during new construction
You might not know, but a home inspection can also help the homeowners during new house construction. If you are getting a new house constructed, it's prudent to get a home inspection done. During the construction of the new house that you are buying, seeking the services of a home inspector can help you ensure that the builder is not doing any sort of foul play or any other thing that is against the real estate rules.
4. Get an approximate budget for future replacements or repair, if required
From exterior to interior, a home inspector inspects everything in detail. He/she will thoroughly review every corner of the house and let you know how many repairs and replacements are needed. In addition to this, a home inspector will also let you know how much you might need to spend in the future while conducting any replacements or repairs. Thus, in this way, a home inspection for homebuyers is also important for the future.
In short, a home inspection can help you manage your overall spending on the property along with the additional costs involved.
5. Help you make the right investment
When you get your future house inspected by a home inspector or do it yourself, you will have two confusing thoughts. One, is it the right property to invest in? Second, is it the wrong property to invest in? If the property after the home inspection looks somewhat similar to what you have thought of, you are on the right track. Without any fear, you can carry on investing your money into it. But in case the condition of the property does not match your expectations, you would have to reconsider your investing decision. In this way, a home inspection helps you make the right investment decision.
Also Read: Buyers Guide
Let's not forget that buying a house is an adventurous journey, and you need to be confident about everything that's a part of the journey. Home is not only about financial investment, but it is an emotional feeling too as people are involved in it. So, remember to take some time and make sure that the property you are investing in is worth the investment, and a thorough home inspection can only do this. So, it's better to get your new home inspected by a home inspector as it can save you from future hassles.