Buying home has never been a cheap deal and an easy process. Spending money for down payment, inspection cost, documentation, and approval cost all get confluent inside your real estate investment. Apparently, all these investments could create a dent in your future savings. Eventually, buyers end up in stretching budget for buying their dream home. However, there are certain safety measurements to control such expenses. A professional home inspection can save a lot of money when it comes to choosing a right kind of residential property.
Here are some common home inspection mistakes homebuyers do while buying their first home-
Not hiring a professional home inspector- Hiring a competent home inspector is mandatory for property buyers. Don’t end up repenting for opting for cheap available market deals earlier.
Negligence in property inspection- Whether it’s a new construction or a resale one, before investing it’s necessary to have a property inspection from a skilled and trustworthy inspector. You should know all the specification and the actual value of the property. A home that has cleared all legal formalities and looks good as whole too requires a genuine property inspection. Just because your real estate constructor owns a reputed image in market, trusting him blindly could land in future trouble.
No physical presence during the inspection- It’s your property. Thus, it’s your responsibility to be present while the property inspection in on-process. To make an inspector’s job easier, let him know your assumption and things about the property which are annoying you. This way you can avoid unnecessary future expenses.
Not preparing any checklist- Home inspectors mostly don’t inspect underground and plumbing issues while inspecting a property. Make sure you have these mentions in your check list to avail a complete inspection. If the inspector doesn’t agree to do the same, there are other options available in the market.
Paying no heed on inspector’s advice- Often buyers don’t follow what has been suggested by the inspector, as they consider it will flow extra money from their savings. But the fact is, this way a buyer can actually save greater upcoming expenses.
Having blind faith on the inspector- An inspector can only give you guidelines about your property’s enhanced market presence which never means you should trust him blindly. It’s up to your decision whether you would take such points for future consideration. Always check out Vastu tips before moving to a new apartment.
Ignoring exterior issues- Home inspectors pay exclusive attention to the interior measurements and conditions of the property, often the exterior portions get minimal importance. Ask him to check the rooftop, exterior wall measurement etc. Keep yourself aware of the facility management.
Depending too much on real estate agents for referral- Often real estate agents introduce buyers with the property inspectors. It may not be the best option to be counted. These inspectors work in favour of the realtors. Avoid getting into that loop. Always do your research to find someone bankable.
“Always remember for accuracy of the property information, you should go for a professional real estate inspector rather than settling for a cheap one in first place. It’s essential to have a thorough market research before choosing a professional home inspector. Home buying is an important decision; thereby take your each step really carefully,”-said Mr. Mahesh Somani Head- East Zone, National Association of Realtors India (NAR)
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