Some homeowners don’t feel that the added upfront cost when they are already buying a home is worth it. But it is!
A home inspection could run you a few hundred dollars, usually between $300 and $500 depending on where you live and the inspector you hire for the home inspection. So yes, a home inspection is an added expense. However, the vital systems that a home inspection looks at will cost significantly more – even tens of thousands of dollars – to repair, and if unrepaired may be hazardous to the homeowner’s health or make the home not fit to live in.
The home inspection is not a gamble, instead – it’s money well spent.
When you receive your home inspection report, it will detail the health of the various systems in the home and outline any potential issues.
Some of the biggest red flags on a home inspection report can include:
- Chimney issues
- Foundation cracks
- Plumbing problems
- Electrical problems
- Roofing problems
- Infestations, such as termites
- Health hazards, like radon, underground storage tanks, lead paint or mold.
Another misconception about home inspections is that if your home inspection report finds something terribly amiss with a home, you’ll have to walk away and you’re out the money you spent on the inspection. This isn’t necessarily true. In fact, the home inspection report can provide you with great leverage when it comes to negotiating your price, as the cost of repairs can be taken out of the price or you can require that the problem is repaired before you move in.