It’s easy to get swept up in the excitement of buying a new home and forget to make the important decision to have a home inspection preformed. Home inspections are an instrumental part of the home buying process that can save you a lot of time and money in the long run.
Remember that a home appraisal and a home inspection are not the same thing. Appraisals will not provide with a detailed look at a property that can help uncover deep rooted problems and potential pitfalls.
Here are some great reasons to have a home inspection:
Don’t Judge a Book by Its Cover
Especially for those buying newer construction, a home inspection may feel like a waste of money. No matter the age of the home, there can be costly troubles unknown to the average buyer. Problems with wiring, plumbing, and easements may not be visible during a showing and you’ll want to get an expert opinion.
Home inspections generally cost from $300 to $400 depending on the size of the home. That’s a good sum, but perhaps think of it this way: those who skip out on the expense may realize in a few years that an inspection is much cheaper than rewiring the entire house.
Many buyers include clauses in their contract requiring the seller to make the repairs necessary before any closing. If the seller is unwilling to complete their repairs, estimate the cost and ask them to take that amount off the total. Or, if the seller will not make your personal requested repairs, most contracts state that you can cancel the contract and get your earnest money back.
Know What You’re Buying
Research your potential home like you would any other major purchase. The more you know, the fewer surprises there will be down the road. Home inspector can help you make a decision based on your current budget as well as your future time and money investment.