You’ve likely heard it before: buying a home is one of the biggest financial transactions you’ll ever make. And for most of us, that statement holds true. With such a major investment on the line, it’s crucial to be as prepared as possible—understanding every aspect of the property before you finalize the deal.
One of the most important steps you can take between signing a purchase agreement and closing on your home is getting a home inspection.
While not legally required, a home inspection is a critical step in evaluating a property’s overall condition. A professional inspector will assess key components such as the home’s structure, exterior, roof, plumbing, electrical systems, heating and air conditioning and the list goes on.
A home inspection helps uncover potential issues that may not be obvious at first glance. These could include hidden water damage, outdated electrical wiring, roof leaks, faulty HVAC systems, or even structural concerns that might require an additional engineer’s inspection—problems that could cost thousands to repair if overlooked.
Buyers can include an inspection as a contingency in their purchase agreement, meaning if significant issues are found, they may have the ability to renegotiate, request repairs, or even walk away from the deal.
During the ultra-competitive real estate market of the pandemic, when mortgage rates were at historic lows, some buyers waived inspections to make their offers more appealing. While that strategy may have helped secure a property, it also increased the risk of costly surprises after move-in. No matter the market conditions, skipping an inspection is a gamble that could lead to expensive repairs down the road.
Typically, the buyer covers the cost of the home inspection, which can range in price point depending on the property’s size and location. However, some sellers opt to pre-inspect their home before listing it, making necessary repairs upfront or offering concessions to buyers. Regardless of who pays, the investment in an inspection is a small price to ensure peace of mind when making such a significant financial decision.
As a Realtor with over a decade of experience, I can confidently say that no buyer should skip a home inspection—especially when making the largest purchase of their lifetime. A trusted local Realtor can help you find a reputable home inspector, navigate potential issues, and determine the best course of action to protect your investment.
If you’re considering buying a home, make sure you take the necessary steps to fully understand what you’re purchasing. A home inspection isn’t just another box to check—it’s your safeguard for a sound investment and a home you can enjoy for years to come.
