Why You Should Get a Home Inspection

By
Real Estate Agent with Royal LePage Benchmark

The best piece of advice I can give home buyers is to get an inspection when purchasing a new home. As a potential buyer, you have the right to know and learn as much about the property as you can, finding out that a new roof or plumbing is needed after you’ve signed the dotted line is not the best way to start out in your new home. So the next question is, how much should a buyer spend on home inspections? And what types of inspections are there? Read on to find out….

 

Types of home inspections

There are a many different types of inspections, and they will all come at a cost, up to $800 or $1000. Typically, buyers will engage an independent, third-party inspector to tell them discover the overall condition of the home they’re purchasing, and to give as thorough an inspection as possible on the inner workings of the home.

As a seasoned real estate agent, I always encourage my buyers to pay for this because it can reveal important information that cannot be detected simply by walking through the home – like electrical and plumbing problems. Ask me about the different types of inspections that are available, because each reveals different types of information that you may need to know.

Other inspections may be required a well. For example, if mold is found an inspection can identify how bad the issue is and can also give the buyer leverage to negotiate a better price with the seller. Pest inspections are also very good, and can reveal the presence of mice or unwanted insects.

 

Mandatory home inspections

Some home inspections may be required as part of the offer, such as an appraisal. Appraisals inspect market value, and most lenders will require that one is completed before providing a mortgage.  A property boundary survey could also be included as part of an appraisal.

 

Non-essential home inspections

There are also those home inspections that are not always worth the cost, such as inspecting for electromagnetic fields. Overall, having an inspection done will allow a buyer to be able to negotiate price and repairs with the seller, and in some cases to get out of the contract altogether if the repairs are more than they bargained for. So make sure you have a home inspection performed on any home you are considering buying, it’s too important a step to skip!

Comments (1)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

New, old or inbetween...a home inspection is a great idea.

Oct 18, 2015 11:19 AM