Most people keeping a close eye on their bottom line as they prepare to close on a house. The occasional hidden costs, the hassle, and the anticipation are enough to put a home buyer on edge. Certainly someone in that position would not want to dish out another $400 – $500, right?
Well, not exactly.
In fact, the relatively modest cost of home inspections is usually more than worth it. Here are some of the major benefits of having a home thoroughly run through by a professional before signing on the dotted line.
1) Contingency – Your home inspection can, in some cases, be used when making an offer on a home. If the home inspection turns up anything that would outrageous dollars, the offer can be withdrawn without any penalty or fees.
2) Damage – The inspection should reveal any major damage to structure, both inside and out. You will have a much better idea of what you are facing upon move in, and whether or not the issue is safety related.
3) Maintenance – Some home inspectors can give you insight when it comes to what items will need regular maintenance in the home. This can be priceless when moving into a new home, because properly caring for the home will prevent huge repair costs.
4) Monitoring – Another plus is that if something is functioning, but may be on its last legs, the inspector might be able to tell you. It is nice to be able to predict future expenses, which the inspector can most likely estimate, along with the potential time frame that something might need to be fixed or replaced.