A pre-purchase inspection will put your mind at ease knowing that you are minimizing your risk by guarding your investment. The inspection will give you specific details regarding the condition of the home and its components allowing you to make decisions accurately and confidently.
Getting your home inspected prior to listing it on the market can have some great advantages to help sell your home more effectively. The inspection will identify issues early so that the seller can either repair or disclose them. Having the repairs done early is the most beneficial way to closing the sale. Disclosing them upfront and pricing the home accordingly based on the disclosure can often end in a higher net sale price for the owner.
Home Warranty Inspections
A home warranty inspection is a very important tool for all newly built home owners. Almost all reputable builders will offer a warranty that will cover any problems found within the first year of being built. This inspection will take place during the 11th month of ownership so that any issues found will be repaired at no cost to you.
When getting a new construction inspection; you want to have it completed when the construction has been completely finished, but prior to the final walk through with the contractor. These types of inspections can be executed on an entirely new built home, or only on an addition or newly remodeled section of the home. Whether the project be big or small, a new construction inspection will give you the peace of mind knowing that any issues will be found up front and will be covered before the issue arises later.
Investment Property Inspections
Investment property inspections are very similar to a pre-purchase inspection. They often take place prior to the purchase of an investment and are a good tool for opening the door to negotiations based on the issues found during the inspection.
These inspections are as well performed periodically on properties already in an investors portfolio. By systematically having your properties inspected (especially after a long-term tenant moves out) you can ensure what needs to be repaired and what does not. Staying on top of these repairs is key for profitability.