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The Three Worst Mistakes When Buying A Home

mistakes a potential home purchaser could make when buying a new home.
The Three Worst Mistakes When Buying A Home

Purchasing a home is one of the most important decisions of your life. Not only will you be spending a majority of your time at this property, but your financial future depends on it being a good investment that will increase in value. An inexpensive property isn’t a great deal if it’s in a neighborhood that’s going downhill and home inspections can reveal that what looks like a bargain is actually a money pit. Smart home buyers make sure to avoid the three biggest mistakes people make when buying a home.

(1) Don’t Chose The Cheapest Sacramento Residential Home Inspector

The cost of a home inspection is a small fraction of the investment in your new home. An experienced Sacramento home inspector will give you priceless insight into the true value of a property by pointing out costly flaws and potential expenses. California doesn’t heavily regulate home inspectors, so it’s important that you chose a professional that has the training and experience necessary to advise you about the quality and timeline for replacement and mitigation for:

● Electrical Systems

● Roof and Attic

● Floors, Windows and Doors

● Basements, Foundations and Structural Components

● Mold, Radon and Termites

● Asbestos and Lead

● Water Damage

An experienced Sacramento residential home inspector will see the clues in discolorations, changes in texture, and other subtle signs. Choosing a cheap and inexperienced Sacramento residential home inspector that overlooks even one of the items above might cause you to buy a property you’ll regret owning.

(2) Don’t Think Too Small

The most important thing to look for when choosing a home is the bang you’re getting for your buck. This doesn’t always mean the lowest price. A more expensive home that will increase more in value could be just what you need to fund your retirement. Building equity is the most important financial reason for buying a home, so it often pays to stretch yourself a bit financially for a property. If you’ll enjoy it more and it is likely to increase more quickly in value, it might be a much better deal in the long run. There are different ways to do this. If you’re handy, a fixer upper can increase the value of your home substantially. Buyers that don’t like doing work on a home might be better off with something that’s new or recently renovated. Either way, don’t be afraid to hold out for your dream-house, especially when interest rates are extremely low.

(3) Don’t Forget To Hire A Buyer’s Agent

Most real estate agents are hired by sellers to represent them in the sale of a home. Their loyalty is to the seller, not to you. That’s why it’s so important to hire a buyer’s agent who has a fiduciary duty to you. A buyer’s agent can help you find the perfect home, lender, lawyer, and Sacramento residential home inspector, because they are familiar with all the choices in your area. Real estate transactions have become increasingly complicated, and buyer’s agents help you secure the home of your dreams at a price you can afford, with less risk of unwelcome surprises.

Sacramento Residential Home Inspection

Inspection Pros LLC is the leading Northern California residential home inspection company, providing detailed reports and the most responsive customer service. Serving all of Northern California, including Sacramento, Placer, El Dorado, Yolo, Amadaor, Contra Costa, Alameda, and Solano. Call 612.475.4208 to schedule an inspection.

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