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After all the expenses that go along with buying a new house, the thought of skipping a home inspection may have crossed your mind. However, you can be confident that the choice to get one is the best hindsight purchases you’ll ever make.
The first and most obvious benefit of a home inspection is safety. Finding out that your brand new home doesn’t have the structural integrity you thought it did is a lousy surprise. There are also plenty of other safety concerns such as electrical wiring, plumbing, HVAC systems, and more, that a trained eye will catch.
Repairs & Maintenance
Once all the papers have been signed and the deed is yours, you don’t want to end up in a situation where a few months down the road you need to shell out for repairs on something the original homeowner should have fixed. An ageing roof, garage, or appliance will cost you a lot more in the long run than the price of a one-time home inspection.
Over the past year or so, do-it-yourselfers have had a lot of time on their hands and when it comes to home improvements, some may not be following all the rules. A home inspection will help catch illegal installations or additions that were not built up to code. Finding out a renovation was completed illegally will cost you in taxes, insurance, and overall home value in the future.
Speaking of the future, a home inspection will help give you the bigger picture when it comes to your investment. It will determine when and which major systems will require replacement down the line, giving you a key budgeting tool and will help you decide which type of home insurance or warranties you will buy.
It isn’t just benefits in the distant future either, a home inspection is another negotiation tool in your tool belt that can be used to drive the price of your new home down or give you an opportunity to back out if things aren’t looking promising. After the home inspection, if you’re in love with the house but there’s one nagging problem, your realtor can negotiate a price reduction from the seller.
It’s clear that the benefits you receive from a home inspection far outweigh the cost (usually in the range of $300 to $600) and in the end, the last thing you want when you’re making the biggest purchase of your life, is remorse. There’s one thing you receive after a home inspection that is hard to put a price tag on and that’s peace of mind.
Featured image courtesy of Pavel Danilyuk via pexels.com