It’s normal for an investor in a new home to fail to see the importance of paying for a home inspection. This is because of the belief that a new home is in perfect condition, thus no need for inspection. A new home has its fair share of problems, and unless you inspect it thoroughly and professionally, don’t be shocked to learn that you wasted money on it. While it’s true that real estate is one of the biggest, and the best forms of investment anybody can ever make, it’s worth mentioning that this is not always the case. It’s easy to make money in real estate. Similarly, it’s just as easy to lose money by failing to insist on inspections.
Why Do You Need an Home Inspection
The first reason that should convince you to insist on a home inspection for that new piece of real estate is the fact that newly constructed homes are full of problems, just as mentioned in the earlier paragraph. Some of the challenges that a home inspector looks for include missing sidings, unattached ducts, broken roof trusses, organic growth on the wooden framings at the crawl space, elevated roof shingles that allow water leakage and missing insulations. The inspector is not limited to looking out for these problems with the new homes. He performs a thorough job to ensure that the newly constructed home is worth the investment.
Home inspection on newly constructed buildings is good because the report provides you with an opportunity to insist on repairs before paying a single dollar. If you intend to live in the building, asking for repairs ensures that these shall take place in your absence, thus not be an inconvenience to you in any way. Failure to ask for the repairs and replacements of totally broken or completely damaged parts means that you have to suffer the inconvenience as they shall take place in your presence. Depending on the nature of the defects, you might have to put up with the inconvenience for a very long time.
Repairing defects in the newly constructed home can be a money saving measure, especially when the repairs take place much earlier before the faults get worse. For example, if the inspections reveal that the wall has begun developing a tiny crack, repairing it now would save you hundreds or thousands of dollars that you might have spent to destroy the wall and put up a new one. Therefore, do not fear asking and paying for a home inspection. No matter how costly the investigation seems, it’s nothing in comparison to the money that you shall pay when the tiny defect, grows into something huge that requires more money and time to repair.
When planning to resell the property, insist on a home inspection the first time you decide to buy the house. This is because the buyer shall insist on conducting an inspection. If the building had defects at the time of construction, the inspection should bring this information to the fore. The buyer would then ask for repairs. At this point, you cannot go back to the original owner and ask for an inspection. This is because by living in the house after buying it, you assumed the responsibility for all repairs and replacements. Therefore, to avoid losing money during the resale, demand for inspection when buying the newly constructed house.