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The home buying process can be long, exciting, and expensive. You don’t want to be faced with one more expense, however, skipping the Home Inspection could end up costing you far more than the $300-$500 it typically costs.
Here are 5 reasons a Home Inspection should be on your home buying list.
“Don’t judge a book by it’s cover.”
So your offer’s been accepted and you’re ready to skip ahead to the closing table. Take a breath and understand there may be issues you can’t see. For example, if the crawl space has mold you won’t see that from the walkthrough and you may not recognize it even if you do look down there. I can assure you, paying for the home inspection is far less expensive than putting you or your family’s health and safety at risk.
Structural Problems.
A home inspection is going to give you insight on the structural integrity of the home. The inspection can help you avoid purchasing a home with major red flags that would end up costing you much more than your initial investment.
Negotiating Power.
If a home inspection reveals issues you’ll have the chance to end the deal if the red flags are overwhelming. If not, you can negotiate repairs and/or price. For example, roof issues. Replacing the roof could end up costing a significant amount of money. With the information you’ve obtained, you can work with your agent to submit a repair request. One important thing to keep in mind here are “Sold As Is” homes, where the owner is making it clear they are not willing to do any repairs in order for the sale to go through. Even in these scenarios a home inspection is valuable, so you know what you’re walking into if you do buy it.
Maintenance Costs.
Part of budgeting home ownership is taking into account the cost to maintain the home throughout the years. A home inspection can sometimes offer explanations of potential issues and the costs of deferred maintenance.
Peace of mind.
Even if you have a home inspection that doesn’t reveal any major red flags, you can rest assured knowing you did your due diligence. Obviously, we can’t control everything and there are no guarantees, but you can have a better understanding of your new home.
Overall, home inspections are highly recommended even with newer construction. Don’t make the mistake of putting the cost over knowledge, safety and security.
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