Wenatchee Real Estate: Buying Misconceptions

Do you have these two misconceptions about buying a home in Wenatchee?

1:  I don't need a home inspection if I am buying a new construction.

     Although newly constructed homes don't have the "age" related issues as resale homes, a home inspection is still a very valuable tool in identifying any quality of construction issues.  New construction home inspections have revealed termite infected lumber to have been used, faulty roof installation, and subpar construction practices and... believe it or not... that the sewer line was never hooked up!  Don't ever let anyone talk you out of having a home inspection... ever!  And, by-the-way... you absolutely should attend the inspection. You will learn soooo much about your new home.  

2:  Comparing the cost of Rent vs Mortgage Payment is the best way to determine whether I should buy a home or keep renting. 

     Calculating the cost of renting is much simpler than calculating the "net" investment required to buy a home.  When you buy a home, the mortgage payment is only one piece of your investment.  You must also take into consideration the cost of insurange and taxes and, of course, ongoing maintenance and optional improvements.  When you buy a home, there are significant tax benefits which offset much of the cost of buying a home.  Rent is pure "cost", with no tax or investment benefit.  Consulting with your accountant or financial planner can help you identify the "net" investment in purchasing a home.  

I would love to answer any of your real estate questions.

Best Regards,
Erin Davidson
Wenatchee real estate agent

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