Buying a house is a long process, and an expensive one. So it makes sense that home buyers might try to save time and money wherever they can. As a result, you might find yourself asking if getting a home inspection is really worth the money. The answer is simple—absolutely.
While a home inspection might seem like an unnecessary expense, the truth is that it isn’t an expense, it’s an investment. And it’s an investment that could save you thousands of dollars in the long run.
How a home inspection works
When buying a house, most home buyers are given a certain amount of time to get an inspection done before committing to buy. It’s important that you take advantage of this opportunity, whether you are buying an older house or a new construction home. After all, just because something is new doesn’t mean it’s perfect. A typical home inspection costs between $200 and $500, depending on the size of the home.
A thorough home inspection starts at the roof and ends at the foundation, covering every major system and area in between—heating, plumbing, electrical, and so on. Be sure to ask your inspector exactly what their inspection covers. The inspection process usually takes 2 to 3 hours, and can uncover all sorts of problems, including many that might not be visible to the naked eye, from serious structural defects like a cracked foundation to comparatively minor issues like water-damaged carpeting.
How a home inspection saves you money
It’s a smart move to make the sale of a home contingent upon satisfactory completion of a detailed home inspection. That way, if a home inspection uncovers any issues, you have a few ways to resolve the situation. You can ask the seller to make repairs, or you can renegotiate the contract at a price that reflects any defects that may have been found. If the seller refuses to make repairs or renegotiate, you have the option of walking away.
In some cases, a home inspection can save you from buying a home with unseen defects that would have cost thousands of dollars to repair. A new home is likely to be the biggest investment you ever make, and the upfront cost of hiring a home inspector is well worth it to protect that investment. Even if the inspection doesn’t turn up any major problems, you’ll have the peace of mind that comes from knowing your new home is sound.
You will also find this helpful: How to Find a Great Real Estate Agent