PHOTOS FROM 123RF
Should I waive home inspections? By Serina Lowden
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n recent years, Sacramento has greatly grown due to the high cost of living in neighboring cities making most residents flee to the city because housing was quite affordable, but this is continuously changing. House value is increasing significantly without sacrificing for demand. It should, however, be noted that home values started to increase with real estate, and prices are increasing each month in 2022. Increasing house prices makes real estate a lucrative business if investors know market trends. Another key reason for Sacramento’s growth is that it is centrally located and cheaper than neighboring cities. Sacramento was ranked number 48 on the national top housing market in 2022, indicating its rapid growth, and hence most investors are eyeing the city. the median price of houses as of February 2022 was at $540,000
WHY IS A HOME INSPECTION IMPORTANT? When buying a property, the buyer must inspect the property to determine the general condition of the house. The California real estate association explains home inspection to be “a noninvasive, physical examination, of real property, of the mechanical, electrical, or plumbing systems or the structural and essential components of a residential dwelling of one to four units designed to identify material defects in those systems, structures, and components.” Inspection show more about a house that probably the buyer did not notice when taking a house tour. Home inspections are done by qualified personnel at a price of between $315 and $400, depending on the size of the property. AUGUST 2022 | 79
