Return To Blog

The Importance of a Home Inspection When Purchasing Lowry Denver Real Estate

August 1, 2018

When it comes to buying Lowry real estate, there are plenty of items on the to-do list. It might seem like adding a home inspection is just a hassle that seems easy to skip over. But the truth is that a home inspection is crucial to purchasing a new home in Lowry or anywhere in the Denver metro area, and it’s not something that should be eliminated from the process. Having an inspection done only costs a couple hundred dollars, but it can save homebuyers a lot of money down the road if there are any issues with the house.

What Is a Home Inspection?

A home inspection is an examination of the condition of a home that is usually performed by a certified home inspector. It is usually done when a purchase contract has been put on a home and the potential buyers of the home want to make sure they are making a sound investment. It is often a contingency item in sales contract that enables buyers to get out of the deal should a problem with the home come to light.

Why Is a Home Inspection Needed?

When homebuyers look at a home, they are usually seeing it in its best light. Because home-buying can be an emotional process, potential buyers of a home night see what they want to see in a home rather than what is actually there. An inspection digs below the surface of a home to ensure all the systems of a home are in good shape.
A home inspector will take a look at all the elements of the house, including the electrical wiring, the plumbing, the flooring, the insulation, and the foundation. He or she will check that everything is in working order and up to the proper code.
After the inspection, a full report will detail any problems that might have come up. (Take a look at a sample inspection report here.) For example, if it is determined that a new roof is needed because the current roof is too old or has leaks, the buyer might decide to back out of the sales contract altogether and not purchase the home. Another option might be to take the inspection report to the sellers and negotiate a new purchase price for the home based on how much the new roof will cost.
The home inspection is essentially an insurance policy for the buyer that is well worth the relatively low amount of money it costs.
If you have questions about any part of the homebuying process, you can count on Elevation Realty to provide solid advice on everything from home inspections to the closing process. Our real estate experts can advise you on all aspects of the real estate process. We would be glad to handle any of your real estate needs, provide information regarding home inspections, and work hard to provide you with exceptional service to help you find your dream home. Contact the Elevation Realty team when you are ready to buy or sell or give us a call at 303-579-3566.