A building inspection is a significant event that is inevitable for both a home seller and a home buyer. Having real estate as an asset is an excellent thing, but then it is a general knowledge that all properties wear and tear over time due to repeated use and other external factors. Therefore, they need upkeep from time to time. The feeling of being cheated after buying a property that has faults due to lousy inspection or no inspection is something that would have negative consequences on the seller.
As a home seller, it is necessary to do a comprehensive examination before you put your building up for sale. It would be kind, courteous, and professional of you to have every nook and cranny of your building checked to meet with the standards of a habitable environment. It would be best if you got a professional home inspector to do a detailed check on your property and fix the pressing problems on your property as some faults may be hiding in plain sight. In this article, we would be filling you in on the pros and cons of building inspection for home sellers.
Repairs are done beforehand
One good thing that comes out of a pre-listing inspection is that you get to make repairs and renovations early enough to list your home for sale. This would be a lot better as the home buyers would love to bring their inspector too to do a check on your property. Do yourself a favor, and don’t give the other inspector the joy of finding faults in your building and reducing the possibilities of selling that building.
Offers peace of mind
Because you have done an outstanding inspection (thanks to your inspector), you need not worry while waiting for feedback from the buyer’s inspector. It saves you a lot of stress and anxiety.
Oversights are revealed
Have you ever ordered something online, then it wasn’t what you were expecting when it gets delivered to you? I mean, it’s the same thing, but you expected it to be more “glorious” upon its arrival. That’s the case with houses. During the inspection, you get to find problems existing within the building that you didn’t even know existed and fix them. As earlier, every nook and cranny of the house has to go through a thorough inspection.
While obvious faults ranging from the foundation of the house, electrical systems to the plumbing works are quite visible, others are not so easily visible. Examples are the deteriorating wooden structures in the homes or the insects that may cause discomfort.
Value of your home is reinstated
The smell of the newly painted wall of a house never gets old. There’s the aura of newness that comes with making repairs and renovations to an already existing building. It looks like you just constructed it. This is a bonus for home sellers when listing their homes for sale. Making the necessary repairs gives more value to your home. More particularly if your inspector has a reputation for doing a detailed check on buildings.
Most times, renovating a home or building is more costly than constructing a new one. Renovations might require you to make significant alterations to the original structure of the building, such as changing the looks of a room to suit another purpose. Also, to meet the standard of the sales agreement and home warranty, necessary repairs have to be made, which can be quite expensive.
No guarantee of new problems
That you have made repairs to your home does not guarantee that the buyer’s inspector will not find new faults. The faults your inspector finds in your home may be different from the mistakes the buyer’s inspector discovers. As a result, you might need another home inspector, and maybe more. This incurs more expenses on your part concerning money and time as new problems can be pointed out by the buyer’s inspector.
A decrease in the value of the home
This may come as a contradiction to one of the pros earlier written, but it’s not. Look at it this way; there are some defects in the house that since they’ve been touched by renovation, there is no guarantee that such events would not happen again. For instance, if the location of the house has a long history of erosion and a bad drainage system, despite the renovations made, this may not serve as the right motivation for the buyers to buy it at a price you intend selling it and may not sound welcoming to buyers. As a result, it may take years before that home is sold and would’ve depreciated as time goes by.
To get the best sales out of your home, it is best to get a good building inspector that can do a check on your home and save you the thoughts of doing further repairs. If you cannot do the inspection yourself, there are reputable inspection agencies like YBI Melbourne that do more than a background check on your home. Allow the inspectors to do their job thoroughly. You deserve a good profit on your home.