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Not only do lenders typically require professional home inspections, but they can also allow first-time buyer’s a clear, detailed report on any potential deficiencies that can lead to costly repairs in the first year of homeownership. The home buying process can be a complex process with many different moving parts. A professional home inspector can give first-time buyers peace of mind that the home they have an accepted offer on won’t become a money pit. With a comprehensive inspection ranging from foundation and structural components to mechanical systems and appliances, first-time buyers are given a complete analysis of necessary repairs and any potential repairs in the coming years.
Because home inspectors are neutral third parties, they can give first-time homebuyers an honest, transparent, and accurate assessment of the condition of their property and whether they want to move forward to closing or get out under the option period. Purchasing a home for the first time is a substantial financial investment and not one to be taken lightly. Professional home inspectors can identify existing damage, potential future breakdowns, and other critical issues which may incur high costs.
Whether it’s an older home or new construction, a professional home inspection is one of the best ways to ensure that the property is in proper condition for habitation. In some cases, realtors work with and recommend the same home inspector. However, it’s best practice to find a trusted local inspector who knows the area and has a thorough knowledge of the unique conditions that strain a property. Homes in the Houston area experience more issues related to HVAC systems, roofing, structures, and water damage due to weather patterns. A professional home inspector knows how to identify and pinpoint subtle indicators that may go unnoticed to the untrained eye.
Home inspections don’t just ensure first-time buyers from costly repairs; they can identify potentially dangerous deficiencies. Though not legally required, home inspections are highly recommended by any professional Realtor® and are considered standard practice in resale and new construction transactions. A recent analysis estimates that first-time homebuyers save, on average, $14,000 with a professional home inspection.
Professional home inspections are an investment within an investment and save first-time homebuyers from unforeseen fiscal challenges and allows Realtors to cite necessary repairs to reduce the purchase price from the seller. 80% of first-time home buyers use a professional home inspection during their purchase process. Nearly 100% of second and third-time buyers use a trusted inspector for their real-estate purchases, with most using the inspector who worked with them on their first purchases. Navigating the home buying process as a first-time buyer can be a daunting task. Choosing a professional home inspector who is impartial and transparent is one of the best ways to guarantee that your investment is secure, safe, and won’t result in costly repairs down the road.