DON’T GET BURNED – GET A HOME INSPECTION TO SAVE MONEY ON YOUR NEXT PURCHASE IN MADEIRA

Okay, you made one of the most important decisions in your life: you’re buying a home in Madeira. You found your ideal home. It’s in your desired neighbourhood, close to everything you love, you dig its design and feel, and you’re ready to finalize the deal.

But……. Wait a minute! Buying a home isn’t like buying a toaster. If you discover something’s wrong with your new hone, you can’t return it for a refund or an even exchange. You’re stuck with your buying decision. Purchasing a home is an important investment and should be treated as such. Therefore, before finalizing anything, your “ideal” home needs an inspection to protect you from throwing your hard-earned money into a money pit.

A home inspection is a professional visual examination of the home’s roof, plumbing, heating and cooling system, electrical systems and foundation.

There are really two types of home inspections. There is a general home inspection and a specialized inspection.

Most general inspections cost around €250. The cost of the specialized inspection varies from type to type.
If the inspector recommends a specialized inspection, take that advice as buying a home is the single most important investment you’ll make and you want extra assurance that you’re making a wise investment.

By having your prospective new home inspected, you can:

• Negotiate with the home seller and get the home sale ready at no cost to you
• Prevent your insurance rates from rising
• Opt out of the purchase before you make a costly mistake
• Save money in the short and long run

HOW MUCH MONEY CAN A HOME INSPECTION SAVE YOU ?

A home inspection helps to find potential expenses beyond the sales price, which puts the homebuyers in a powerful position for negotiation. If there are any issues discovered during the home inspection, buyers can stipulate that the sellers either repair them before closing or help cover the costs in some other way. If the sellers do not want to advance the cost to complete the repairs, buyers could negotiate a drop in the overall sales price of the home.

For more information about buying and selling property in Madeira, contact me.

About Author: Tony Nobrega

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