Save Money on a Pre-Purchase Inspection With These Five Tips

Real Estate Blog

A pre-purchase inspection can save you money in the long run. It can help you negotiate a lower price for the home you are buying, and it can help you avoid costly surprise repairs in the future. However, although pre-purchase inspections are designed to help you save, they do cost money to get completed.

Luckily, there are ways to save on the cost of a pre-purchase inspection.

1. Tailor the list of what is being assessed

Before the inspector starts the pre-purchase inspection, ask to see a list of what he or she plans to look at. If you are curious about anything that is not on the list, add it, but if there are elements that don't concern you, ask the inspector to skip those parts.

Tailoring the inspection list can shorten the inspection time and hopefully lower its cost.

2. Do some of the inspection on your own

Even if you are not a building expert, there are some aspects of the inspection you may be able to do on your own. For example, you can buy mold and lead detection kits at most hardware stores, and those tests make it easy to check for those elements on your own.

Similarly, you can also do a visual inspection of places like the roof or foundation.

3. Talk with the tenants or neighbours

If the home is currently being rented, see if you can talk with the tenants. As they have been living there, they may have interesting insight on what is happening with the property. For example, if the roof was leaking for months and was just fixed, the tenants could tell you about that, alerting you to possible mold in the walls or structural damage.

Similarly, neighbours can also be a good resource for gathering info on what the property has been exposed to, and both of these sources may be more reliable or objective than the seller.

4. Investigate local easements or building codes

Unfortunately, if you buy a property with additions or rooms that don't meet local building codes, you may have to tear down or modify those elements to bring them to code. Similarly, if there are illegal sheds or outbuildings on the property that don't fit local easement requirements, those may have to be torn down as well.

Your pre-purchase inspection looks into these elements. However, you can also research codes and easement laws and investigate this issue on your own to save money on the inspection.

For more information, contact pre-purchase inspection companies, like Safe House Property Consultants.


14 September 2015

Boosting Your Home Value Before the Appraiser Arrives

Welcome to my blog. My name is Anita. I am an artist and a writer, but I like to create with any canvas that I have, and that includes my home. I see homes as almost blank slates that need special touches to make them shine. Over the years, I have received a lot of calls from friends. When my friends need to sell their homes or have them appraised, they call me for advice. I think I've helped a lot of them get higher evaluations than they would have otherwise, and I love advising them. If you want tips and ideas on getting great appraisals, this blog is for you.