Home Inspections: Protecting your Investment and Safety
Buying a new home is a big deal. It’s probably going to be one of the most significant investments you make in your lifetime. Your new home will be the setting where your life will play out, the space where you watch you family grow, and in the neighborhood where you make friendships that will last a lifetime. The home buying process can be daunting, especially for first-time buyers, and the cost is significant. With such an investment, it may be tempting to skip the cost of a home inspection if its not required, but this is a mistake. Home inspections are vital to buyer protection and help ensure the safety and integrity of your purchase.
In the Forbes article 10 Reasons You Shouldn't Skip A Home Inspection, contributor Investopedia outlines the major benefits of a home inspection. They note that home inspections provide a last chance “out” for buyers who are uncomfortable with results, confirm the safety of a home, and expose any illegal additions that do not meet code (Investopedia, 2011). Home inspections can also be a helpful tool in anticipating costs down the road. “A home inspector can approximate the installation age of major systems in the home like plumbing, heating and cooling, and critical equipment like water heaters” (Investopedia, 2011). Knowing ahead of time that this major purchase will require significant maintenance costs later on can better inform your decision to buy.
A blog on the American Home Inspectors Training website also discusses the vital nature of home inspections. In the post, Why Are Home Inspections Important?, contributor Kristin Warner underscores the need for a home inspection prior to purchase and distinguishes the different kinds of inspections a home may require. She advises that the first step is to obtain, “… a general or residential inspection performed on the home. The certified home inspector would inspect the structure, exterior, roof, electrical, plumbing, HVAC, interior, insulation and ventilation” (Warner, 2019). Depending on results or the home, you may also want to pursue inspections that screen for termites, radon, and water testing (Warner, 2019). Radon is an especially important consideration, depending on your location, as it can be lethal. Warner notes that many general inspectors also offer these services for an additional charge.
While the initial cost of a home inspection may feel like just another expense in an already expensive process, it’s value cannot be understated. A comprehensive home inspection will reveal important issues that may cost tens of thousands of dollars to repair down the road. Conducting an inspection will help you as the buyer make an informed choice, and protect your investment and the safety of your family.
Warner, Kristin. (2019, April 11). Why Are Home Inspections Important? Retrieved: http://www.myhomeinspectiontraining.com/why-are-home-inspections-important/
Investopedia. (2011, May 31). 10 Reasons You Shouldn’t Skip a Home Inspection. Retrieved: https://www.forbes.com/sites/investopedia/2011/05/31/10-reasons-you-shouldnt-skip-a-home-inspection/#7b32c2c71741