Importance of a home inspection

Importance of a home inspection

Many home buyers think that home inspections are automatic and requested by lenders. Oftentimes, this is not the case, in fact, most lenders do not require a home inspection unless the appraiser makes specific notes about potential defects in the property in their report. In spite of this, it is always a good idea to insist on a home inspection before you purchase a home. If you think that a home inspection is just an added expense, stop and think about some of the potential problems that could occur if the home is not inspected.

Hidden defects can mean big dollars

When most people are considering purchasing a home, they look at obvious things like the condition of walls, floors and woodwork. However, electrical systems, plumbing systems and even heating systems can have hidden defects that can cost thousands of dollars in repairs later. The best seller in the world may not be aware of flaws and may believe that all of the “internal” workings of the home are in great shape. You can protect your investment in a new home by making sure that all systems are functioning properly and up to code by having a home inspection.

Common defective areas

While you may see blemishes in the property that you feel can be repaired easily, there are some common defects that you cannot see. Some of these include cracks or bulges in a home foundation, inadequate wiring for the homes needs and problems with ductwork or pipes in plumbing systems. These are areas where a home inspection can identify not only upcoming problems but previous problems to ensure they have been properly repaired.

Penny-wise and pound-foolish

Typically, a home inspection ranges in cost from $300 to $500 and takes two or three hours. While it may be tempting to avoid this expense, especially when purchasing a home can cost thousands of dollars, it’s never a good idea to save money by avoiding a home inspection. Some of the items that are typically included in a home inspection include:


  • Electrical wiring and fuse boxes
  • Attics, basements and all home insulation
  • Cooling and heating systems
  • Floors, walls and ceilings
  • Windows, doors and foundations
  • Roof and foundation integrity

As you can see, the money spent on a home inspection is well worth it since none of the items that are reviewed during home inspections would be inexpensive to repair or replace. At Core Mortgage Financial, we encourage anyone purchasing a home to have a home inspection. The delay in your mortgage is typically not more than one day and the money a home inspection can save you in the long run is important. Few things are more distressing than moving into the home of your dreams and finding out that you purchased a nightmare full of repairs that could have been negotiated with the seller if a home inspection had been done before you completed the purchase of your new home.

This blog is for informational purposes only. The blog content is our opinion, please contact our office with any questions.  Rates, Programs, Guidelines are subject to change without notice. We are not affiliated with any government agencies.

NMLS #1743702