If you spend any time researching the home buying process and coming up with a checklist of dos and don’ts, you’ll quickly realize that undergoing a home inspection is always in the “do” column. But with the home buying process becoming more and more competitive, things can move quickly – and it might be temping to move getting a home inspection off of your list completely. This is a big mistake, especially when you’re looking at older, rural homes or cottages.
It is absolutely in the buyer’s best interest to obtain a home inspection on the home they intend to buy. While your budget might feel like it’s already completely overwhelmed during the home buying process, the couple hundred dollars spent on the actual home inspection should be thought of more like insurance, rather than a gamble.
This is because the problems that are generally found during a home inspection can impact the home’s foundation, plumbing, electrical wiring or HVAC systems – things that can cost tens of thousands of dollars to repair if you buy the home without knowing about these problems first. If you’re a buyer, save yourself from giant financial headaches and stress later down the road and consider obtaining a home inspection on your prospective new house.
But a home inspection isn’t something that sellers should dread, either. In fact, it can be well worth it to obtain your own inspection of your home in advance to save time later and speed up the selling price. If problems are found, you can show your buyers they’ve been taken care of and not risk unhappy buyers who want a lower price. If you do it before listing, you can include the inspection report in your listing and really set yourself ahead as a seller.