Monday, June 30, 2008

Should I get a home inspection?

Unless you're particularly savvy in home inspection-type items, I would recommend that every buyer get a professional home inspection performed on any property they are considering. Yes, even new constructions! Builders have been hurting in the recent real estate market - don't you want to make sure they didn't cut any corners?

If you're not familiar with home construction, building codes, electrical systems, plumbing systems, HVAC systems, etc., then why would you consider buying a property without a professional home inspection? A certified home inspector must be properly trained in each of these areas and will provide you an itemized report on the condition of each system in the house.
Most home inspectors base the price of the inspection on the size of the home they are inspecting. An inspection home on a standard three bedroom, two bathroom house will generally cost around $300. So if you're willing to pay $150,000 for that house, I'd recommend you pay $150,300 and have the home inspected.

Nearly every home inspection reveals various flaws in the home. Therefore, the inspection generally pays for itself. Let's say a home inspector finds a flaw in a heating and cooling system - certainly one of the most important systems in the home - this could be a $200 problem or a $10,000 problem. 99.9% of the time, after your realtor presents your professional home inspection to the seller (or the seller's realtor), the seller is going to contribute a monetary allowance for the flaw or have the system repaired at their own expense. This, in itself, will cover the cost of the home inspection.



No comments: