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Do I have to get a Home Inspection when buying a home?

A home inspection contingency allows buyers to learn about major and minor issues with a home before purchasing it. For example, home inspections can uncover potentially life-threatening problems like mold that could affect a person’s health or faulty wiring that could cause a significant fire.

Potential red flags that can arise during a property home inspection include evidence of water damage, structural defects, roof damage, problems with the plumbing or electrical systems, as well as mold and pest infestations. The presence of one or more of these issues could be a deal-breaker for some buyers.

It can seem like an unnecessary expense, especially when your new home purchase is already squeezing your budget. However, the cost of a home inspection is worth it. It is better to pay $400–$500 for a report you do not need than to skip it and pay $3,000 for a new roof within a year of buying your new home. Therefore, our office highly recommends that our clients have inspections done before any home purchase.

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