Should I Get a Home Inspection?
There is a lot of stress involved in buying a home. In fact, a recent survey found that 40% of Americans feel that home buying is the most stressful experience in life. Between choosing the right neighborhood and school district, and hiring the best realtor, sometimes having to also choose whether or not to get the home inspected is just too much to deal with. Additionally, in a "seller's market", oftentimes buyers are pressured to waive any and all contingencies, including the home inspection. But is waiving your home inspection a good idea?
1) According to www.themortgagereports.com, a home inspection saves the average buyer around $14,000 on their home purchase. This is especially true for first time buyers. When you rent a home or an apartment, the maintenance typically is the owner's responsibility. You may never have had to deal with a roof that needs replacement, or leaky water pipes. Consequently, you may not recognize the signs that these items are in need of correction. When you waive your home inspection, you are essentially purchasing the property with a blindfold on. And after closing, there is no longer any room for negotiations about that hail damaged roof, or those leaky water pipes. You will have to repair and replace those items on your own. This is why a home inspection is so important.
2) In addition to the money savings, consider the peace of mind that comes with knowing that your home is safe for you and your family. If that backyard deck that you fell in love with collapses during a summer barbecue, you and your family, as well as your guests, could become seriously injured. A home inspection conducted prior to the purchase of the home will uncover many unforeseen safety concerns, and provide you an opportunity to correct them before disaster strikes.
If the idea of a home inspection stresses you out, or you feel pressured to forgo the inspection entirely, consider the financial risks and safety hazards you may be facing if you choose to not have your home inspected. And if you still feel uneasy, don't hesitate to reach out. A good home inspector understands your concerns and would be happy to address them with you, until you feel comfortable.