Home Inspections Matter: Here's why
In the excitement of buying a home, sometimes people want to forego the home inspection. Effectively this is similar to buying a car with out having a mechanic look at it, but because of the size of the decision, you are talking about potentially many times the risk.
Remember that a home appraisal is different from a home inspection. An appraisal evaluates the value of a home, but will not provide you with a detailed look at the condition of the home or property. Home inspections can help uncover deep-rooted issues and potential pitfalls.
Looks can be deceiving
If you are buying a fairly recently built home, a home inspection may feel like it is not needed. The home looks great to the untrained eye. New carpet, fresh paint, and updated appliances can mask problems. Costly issues happen in homes of every age. Problems with wiring, plumbing and easement may not be visible during a showing and they can happen as easily in a new home with poor construction as they can in an older home. We always suggest that even on brand new homes our clients have a home inspection done. It would surprise you to know the defects found during these inspections. You want to get an expert opinion.
Many clients will say, "but the county has already had the codes inspector sign off on the home". While this is true, an independent home inspector is much more thorough and detailed in his inspection.
Home Inspection Costs: Relative to what?
Home inspections generally cost from $300 to $500. It depends on the size and age of the home. In addition to the home inspection you will want to have a radon test conducted as well as a termite inspection. But when you look at the cost relative to redoing the wiring on the home, a serious plumbing problem, or a similar issue, the relative cost is easier to understand.
The sales contract outlines the repairs the seller is obligated to make and we will review these prior to making the offer. There is also a clause in the contract that will allow you to terminate the contract if the results of the home inspection are such that you no longer want the home.
The Bottom Line
At the end of the day the most important reason to have a home inspection before you buy is to really know what you are getting with this purchase. The more you know, the fewer surprises there will be down the road and the ones that you have are more likely to be good ones and less likely to be bad ones.