Respect the Inspect

  Photo: http://www.apartmenttherapy.com/

Photo: http://www.apartmenttherapy.com/

Anyone who knows me knows that I am a huge fan of DIY... If I can make it, why buy it? This do-it-yourself attitude, however has never seeped into anything but crafts and small home projects, and for that I am thankful, because understanding how much money you can save by spending money (on the right things) is a crucial lesson.

A perfect example of the importance of skipping the DIY and hiring a professional is when it comes to the home inspection. Let me explain.

So you've just found your DREAM HOUSE, and couldn't be more excited to move in. Buying this home is expensive, and at this point every dollar counts (because it's a dollar that could be spent on new furniture!). When it comes time for you to conduct your home inspection, the $300 that the inspector charges makes you cringe. You have a buddy who "knows construction" who is willing to help you, and you find a home inspection checklist off of Google. AWESOME, $300 saved!

Not so fast.

A good inspector will examine every detail with a fine-tooth comb, and disclose every issue they find on the home. Even a "perfect" home will come back with some items to be fixed, and their lack of emotional investment in the property is vital to obtaining an objective report on the home. Do you really think your buddy wants to break your heart and tell you your Dream House has a foundation crack that will cost upwards of $10,000? What if he misses this detail and you purchase the home - you don't want that getting in the way of your friendship! 

An inspection report from a professional also provides you as a buyer with a lot of leverage to negotiate the price of the home if significant issues are found (assuming you have a good agent!). If your $300 spent on an inspection reveals over $5000 in necessary repairs and your agent is able to negotiate the price down for you, was that $300 worth it then? AB-SO-FREAKIN-LUTELY! On the flip side, even if you're unable to come to a price reduction with the sellers and the repair costs are too much to take on, you can still back away from the property with your head held high, because even though you missed out on the home, it wouldn't have been your Dream House anyway if you ended up underwater on it from too many costs. 

Just like spending money on a skilled Real Estate Agent to buy or sell your home, spending money on a professional home inspection will save you money and give you peace of mind in the long run. 

If you would like more information or resources on home buying and inspection tips, contact me today!