Learning to properly care for your home does more than just save money short-term and give you a more pleasant place to live: it preserves the value of your home, increasing the price you can get when it’s time to sell or refinance.
A New Perspective on Home Inspections
Our friend Dave Kee, who we’ve been working with for over 20 years, has a different perspective on home inspections. As an expert in home inspection, Dave knows that the process benefits the homeowner far beyond negotiation. As expected, an inspection ensures that the home is in good shape, that the major systems—roof, electrical, plumbing and structure—from top to bottom are solid. However, the education benefits of a home inspection go far beyond confirming that there are no major issues.
The home inspection process and report prepare the buyers for homeownership both in general and for this specific property.
- The new owners receive information about how to properly care for the home. For example, the inspector will review how frequently certain mechanicals like furnaces and air-conditioners need maintenance.
- The inspector estimates the life expectancy of major appliances and other structures in the home, allowing homeowners to budget for big expenditures. If the homeowners know they should expect to replace the roof in 10 years, they can set aside the money to cover the cost in advance instead of being surprised by it when they discover a leak.
- The inspector’s report and advice provides a guide for maintaining and increasing the value of the home. By following the maintenance and updating suggestions, the house will easily pass the next inspection, increasing the sale price when the homeowners are ready to move.
Heidi’s clients have benefited from Dave’s pre-inspection service as well. Many sellers fear the inspection. Just after they’ve accepted an offer, they have an inspector coming through their home. What that inspector finds could have their buyers asking for a large repair credit or walking away completely. Dave says many sellers choose to avoid a pre-inspection because laws require disclosure of any major findings. However, discovering major issues during the negotiation phase is much worse for the seller.
- If an inspector identifies major issues during a pre-inspection, these issues can be repaired and fixed before entering the negotiation phase, giving the seller more control over the vendors used and the cost incurred.
- Fear that the inspector will find a problem only delays dealing with the issue. The problems will still be discovered by the inspector even if the seller waits until after contract acceptance for the inspection.
- A pre-inspection allows the seller to skip the stressful re-negotiation process.
- Buyers benefit from the pre-inspection as well. They buy a home that is ready to own with no check-list of issues to repair.
As Dave says, trying to go without an inspection is like trying to diagnose your own illness. Relying on an expert will save you money in the long run.
Dave graciously provides a discount for Mittelstaedt Team clients and an additional discount for pre-inspections.
Our Home Value Preservation section is just for you! What advice or tips can we provide for you? Please email us with your ideas. Our goal is to help homeowners enjoy their homes while preserving their home’s value.