Real estate is one of the best investments you can make. However, before you commit to buying an investment property, you should have a professional home inspection performed. Here’s why:
Think of a home inspection as part of your investment. While hiring an inspector can cost a few hundred dollars, in the end it is well worth the cost. An inspector will review the home and give you a thorough understanding of the property, helping you avoid running into any unexpected problems down the line. You should never skimp on a home inspection simply to save a little extra money.
You won’t be stuck with unwanted surprises
The last thing you want to do is buy an investment property and then realize that it needs thousands of dollars of work right away. By hiring a home inspector, you will save yourself from the headaches and unwelcome surprises that can come with buying an investment home. Don’t sign up for costly repairs. Instead, make sure that your prospective investment property is worth what you think it’s worth by hiring a home inspector.
What to expect from an inspection
A good home inspector will check nearly every inch of your potential investment property and alert you to any issues. They will tell you how long the roof will last or the age of plumbing pipes and electrical components. An inspector can also often review the HVAC system or water heater systems, giving you a better understanding of their condition and identifying any concerns with ductwork or structures.
Beyond these home systems, a home inspector will also look for structural concerns. He or she will look at the foundation, walls, floors, and more, checking for signs of concern, water damage, or mold growth. Armed with this information, you can make a more informed decision and address any concerns with the owner before a sale is made.
At the Law Offices of Aaron D. Cox, we’ve worked with real estate investors for years and can work with you throughout the purchasing and closing process. Learn more about our real estate investor services today by calling 734-287-3664.