When you are ready to close on that luxury Palm Beach property make sure you negotiate a clause that makes the sale contingent on the results of a professional home inspection firm of your choosing. Home inspections are common for almost all real estate transactions but typically they are paid for by the seller and he/she will normally shop for the least expensive.
That’s a problem.
There are some qualified home inspectors in South Florida but most are lacking in practical construction experience and may only have an online "home inspection" course as their sole qualification. When home inspections are conducted by "generalists" (and that’s about all that’s available in Palm Beach) the inspection itself offers little value.
The whole purpose of a home inspection is to provide the buyer with a modicum of protection. If, as a result of the inspection serious flaws are uncovered, the buyer can back out of the deal. That’s about as far as it goes with the traditional inspection.
However, when you are about to invest in a seven figure home you’ll want to know more about it than just the condition of the roof, electrical system, plumbing, code compliance and obvious safety issues. You’ll want a professional opinion on the quality of the construction and materials used, the energy efficiency of the home, what (if any) maintenance issues will crop up in the near term and overall what can be done to provide greater value.
A professional home inspection team can provide that and more.
Leveraging the Home Inspection Report
Inevitably there will be issues that the homeowner isn’t aware of because neither he nor his home inspector knew to look for them. If the house is older than two years there is an excellent chance that rot exists in some of the exterior wood. Almost every Palm Beach luxury home has an inadequately vented roof that is costing the homeowner 20% more on his FPL bill and reducing the service life of his air conditioning system.
There are dozens of quality and efficiency items like those described above. When taken as a whole, they can represent a serious expense.
You can use the report to either leverage the sales price or get the items repaired. Either way you can ensure that the dollars you are investing are buying the real value you are purchasing.
If you want more information on professional home inspections in Palm Beach don’t hesitate to contact me and I’ll do my best to answer all your questions.