The Value of a Home Inspection

OreillyTeam-CircleMasterFile8-Nov15When it comes to a home inspection, you might think that you are well aware of any fixes needed in the home, or you might feel certain that the home is one-hundred percent move-in ready. If you feel this way, you may be tempted to skip the home inspection. But are there really any circumstances that warrant skipping the home inspection? The short answer: No. The home inspection is critical because it:

Presents you with the big picture. Your home purchase is likely the biggest financial investment you will make in your life. For that reason, it is important to enter the purchase with your eyes wide open. You may fall in love with a home and believe it is perfect for your family, but not realize there are issues that exist. It is important to know as much about your future home as possible.

Protects your family’s safety. A home inspection usually includes critical safety tests, necessary to test a home for issues like radon, mold, or carbon monoxide. Not only do you want to know about these issues before you purchase a home, but it is also essential to know and address any potential problems for the health of you and your family.

Identifies hidden issues. During your visits to the home, you can detect only so much without the trained eye of a professional. A professional home inspector will be able to tell you very critical information about the condition of every aspect of the home, including its systems, like the furnace, water heater, and air conditioner. For example, you may not realize that all of the home’s systems are on the verge of needing replaced—meaning added expenses in the near future. If you are not comfortable with the findings, your Realtor may negotiate certain costs into the closing of the home.

Forecasts future costs. The home inspection can help you determine any future costs you will likely incur with home maintenance down the line, which can help you with your financial planning. For example, if your roof will need replaced in the next 5 years, you can begin planning for that earlier, rather than being surprised by the news when it needs repaired immediately.

Learn more about the home inspection process and why it is important. Call the O’Reilly Team today.