Is A Home Inspection Necessary For Real Estate Investors?

Investing in real estate has many forms and venues. Some investors are in the market to buy real estate properties and rent them “buy and hold”; others want to buy real estate properties and flip them after doing minor cosmetic work on the property “Buy and sell or flipping.” Others purchase real estate properties intending to do a major renovation and floor plan change “renovation.” Others buy real estate properties for tear down and rebuild a new building “developer or builder.”

After all, the investor is in the market to make money and realize emotions do not move a profit; real estate investors make their decisions according to the facts and the numbers “numbers don’t lie.” Even in the case of tear down property, the home inspection report will position the real estate investor in a strong spot in negotiating the deal.

It does not matter your goal for the real estate property purchase; a home inspection should be part of the transaction before you seal the deal and finalize the transaction at settlement. Investing a few hundred dollars in a home inspection can save the investor thousands of dollars down the road; armed with the home inspection report, the real estate investor will better know the property and the repairs needed. The real estate investor will be able to get better and more accurate estimates from contractors for the repair, which in turn it will help the investor in determining the ROI “return on investment.” They can proceed with the transaction, negotiate further with the seller, or walk away from a potential deal with negative ROI.

Looking To Become A Residential Property Investor?

Don’t start yet! Get the property inspected by NextDay Inspect as your professional residential and commercial inspector. You are about to take a big step in investing in a property. Before you make the final decision, you need to make sure that the property is in a worthy condition, so you don’t regret your decision after the closing.

This is why, at NextDay Inspect, we give you a thorough report on the property after inspecting every nook and corner, highlighting any and all issues. This will allow you to better understand the condition of the property. Next Day Inspect inspectors meet or exceed the Standard of Practice set by the leading industry associations InterNACHI (International Association of Certified Home Inspectors) and ASHI (American Society of Home Inspectors).