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The Importance of a Home Inspection for Future Homebuyers

  • 6 min read

Buying a home is one of the most significant investments you’ll make in your life. As a home inspector, I know how tempting it can be to skip the home inspection to save a little money or time, especially in this high speed high cost current housing market. However, skipping a home inspection can be a risky move that can end up costing you much more in the long run. Here are some of the reasons why a home inspection is a crucial step in the home buying process:

Uncover hidden issues

A home inspector can identify potential issues with the property that might not be immediately apparent to the untrained eye. These issues could include problems with the electrical wiring, plumbing, or the structure of the home. By identifying these issues early on, you can address them before they turn into major problems that require costly repairs.

Dangerous Electrical
Very unsafe and hazardous exposed junction box, with “bus bars” normally installed on service panels to flammable wood surfaces in an attic. *image source FB inspector group
Fire Damaged Rafters
Attic with obvious fire damage with a new roof installed on top. Seller praised the new roof on the listing, but did not disclose any previous fire damage. This unsafe roof structure would have gone unknown by the buyer who assumed the roof to be recently installed and in good working condition. *image source FB inspector group
Excessive Wildlife Feces
Attic with what appears to be years of rodent feces in the valley of two roof rafters. Wildlife feces and urine, especially rodents and racoons can contain hazardous bacteria and viruses that can be very harmful to residents below this ceiling. Without a home inspection, not home owners don’t even know there are pests or wildlife present. Often large unsanitary urine stains can be mistaken for roof leaks and ignored or left unexplored for long periods of time. *image source FB inspector group

Negotiate repairs or price

Price Estimation in Reports

If the home inspection reveals issues with the property, you can use this information to negotiate repairs or a lower price with the seller. This can save you money and give you peace of mind knowing that you’re not overpaying for a property that requires significant repairs.

Understand the condition of the property

A home inspection report can give you a detailed understanding of the condition of the property you’re interested in purchasing. This information can help you make an informed decision about whether the property is the right fit for you and your family.

Inspector Jo Sample Report
Clear listed observations at the top of every inspection report.
Monitor Items
Monitor Items: Low level priority repairs, DIY Repairs, Regular Maintenance and seasonal tips and tricks to help maintain the condition of the property. Informational items, things the inspector has learned over time from experience about certain floor plans or building design.
Repair and Replacement Items
Repair and Replacement Items: Areas observed that are in need of immediate action or attention to better serve the foundation, building lifespan overall. Possible low or medium cost repairs or recommendations, observations that the inspector believes the owner should know about the property.
Safety Hazard observations
Safety Hazards – Immediate repair: These observations are items that can pose a risk to the health and safety of the residents in the home, such as radon gas, asbestos, lead paint, lead piping in the drinking water, foundation damage, structural damage, unsafe electrical systems, etc.

Plan for future maintenance

The home inspection report can also help you plan for future maintenance costs. When clients take advantage of the helpful summary reports, clear and descriptive images, and useful informative maintenance tips throughout the report, planning for future maintenance and repair feels less stressful and overwhelming.  By understanding the condition of the property, you can anticipate any upcoming repairs or maintenance that might be required, allowing you to budget accordingly. Jo also goes the extra mile, adding helpful things like links to articles and blogs with tips and tricks for first time home buyers or new homeowners. Whenever applicable she incorporates information about life and safety hazards such as Asbestos materials, lead paint and Radon gas.

First Time Home Buyer Tips and Tricks
Helpful available Links

The home inspection report can also help you plan for future maintenance costs. By understanding the condition of the property, you can anticipate any upcoming repairs or maintenance that might be required, allowing you to budget accordingly.

Dishwasher Filter FYI Information

Meet lender requirements

Many lenders require a home inspection as part of the mortgage approval process, and many homeowners are unaware that simple things like, the brand of electrical panel in your home, can seriously restrict the home lending and home insurance process. Skipping a home inspection could mean that you’re unable to secure financing for your new home, or unable to find  affordable insurance because of a seemingly small issue that could have been raised by the home inspector and noted by the lender, agent or insurance company before the closing of the house.

chicago home inspector jo

In conclusion, a home inspection is a vital step in the home buying process that can save you money, help you make an informed decision, and give you peace of mind. As a new home inspector, I highly recommend that you schedule a home inspection before making an offer on a property. Contact me at 708.808.6125 to schedule a home inspection today.