One question that seems to be commonly asked among those who are interested in real estate investment, is whether or not a real estate inspection is really necessary.
The long and short answer to that question is absolutely and I will do my best to explain exactly why this is so.
First of all, a real estate inspection is the act of having a look around the intented property you are considering and informing you of obvious and potential damage or problems with the property.
I have witness omo-onile wahala many times and I can tell you that is always a serious thing to face has they can frustrate you to the thin bone of yours.
Getting scam is so easy when purchasing a property and that is why you need a competent real estate person to ask all serious questions and do a thourogh investigation. This will save you a lot of headache in the future.
It’s really advisable to buy from a real estate agency but also advisable to investigate that too.
Inspections are great before placing the bid on a house or land, because they actually give investors a bargaining chip.
For the true investor this is a fact that simply cannot be ignored as it directly affects the bottom line price.
These are also things that are easily identified by a qualified and competent property inspector. Any thing that can save time and money is great when investing in property and an inspection can do both.
As an investor you should never take on a property that is pretty much guaranteed to be a failure, it is simply not a wise financial move to make.
It doesn’t matter how much the property calls to you on a personal level in the business of investing the bottom line is the only call you should be taking.
For a home and land, a proper home and land inspection can inform you of potentially hazardous conditions within the home that the untrained eyes may not take notice of.
Some of these things could be that the area is a water log area, foundation issues, and structural damage that is threatening the integrity of the property.
An inspector should also notice the structural integrity of homes that could affect your home if they are weakened or fail all together. While these things seem so simple, it is often the simple things that lead to the greatest disasters.
In my conclusion part, I will advise that you take a professional body along with you to do the inspections and don’t mind asking a lot of questions from the seller.
Happy real estate investing!