What is Property Inspection?
A property inspection is a visual examination of the physical conditions, systems, and components of the property, such as plumbing, electricity, windows, doors, floors, walls, roof, ceiling and other important points of the interior and exterior of the property. Doing a pre purchase property inspection of a house is basically like doing a physical checkup.
Why is it necessary to inspect the properties?
The purchase of a house, whether of a new project or existing, is probably the largest investment you would make in life. Therefore, it should be known about the condition of the property and if it is in need for some extensive repair, before buying or on the date of notice to carry out the process known as Check List in new projects. In the inspection of a property, the positive aspects of the house and the maintenance that will be necessary to maintain it to keep it in good condition are also highlighted.
Advantages for Owners
If you already own a house, a house inspection serves to identify deficiencies in the home; to prevent and take measures that help avoid costly repairs in the future.
Advantages for Buyers
After the inspection, you will have a clearer understanding of the property you are about to buy. The benefits of inspecting a property are:
- It provides peace of mind, as it helps you make a good purchase decision.
- Reveals repair or replacement needs, before buying.
- Reduce the number of sudden faults that are discovered after moving in.
- Provides valuable details about the new house, about the condition of the systems and components of both the interior and exterior of the property and others.
Advantages for Sellers and Brokers
If you are planning to sell your house, you must get a house inspection before you put it up for sale into the market. This will give you a better understanding of the faults that the inspector of the buyer can discover, and it represents an opportunity to make repairs that allow the house to be sold at a better price. Consider the benefits:
- You have the opportunity to find and repair the property so that it does not represent a problem when negotiating the sale.
- Your home has more possibilities for being sold and is more attractive to buyers because they recognize that they are working with a sincere and committed seller.
- Eliminate last-minute repairs, which may delay closing.
- Reduce the number of contingencies in the sales contract, which speeds up the closing.
- Reduces the possibility of uncertainty that makes the sale fall.
- You have more control over the sales process.
In the end, it is beneficial for all the parties to get house inspection done for the house as it gives more transparency to the deal and speeds up the transition of property from one owner to another.