With the shortage of homes to buy and a very hot real estate market, many new buyers are forgetting to make the important decision to have a home inspected after you are under contract. Home inspections are a very important part of the home buying process that will save you a lot of time and money in the long run.
There are many great reasons to get the home inspected before you buy. Here is a couple:
- Don’t judge the home by its appearance. Especially if you’re buying newer construction a home inspection may feel like a waste of money. But it doesn’t matter how old the home is there can be costly troubles unknown to the buyer. Maybe it’s problems with the wiring, plumbing, or structural issues that may not be visible during a showing.
- Getting a home inspection will save you money. While the inspection costs vary, you can expect to pay from $300 to $500 for an inspection, depending on the size and age of the home. But if you skip out on this expense you might soon realize in a few years that an inspection was cheaper than the repairs that may arise. It can cost a good sum of money for repairs and it will be far more expensive than the cost of the inspection.