When the housing market becomes competitive, many forego Home Inspections as a means of gaining an advantage in the bidding process. Others opt out of their Home Inspection clause as a means of saving money.
Not completing a Home Inspection may ultimately put you at a disadvantage and become a costly decision. As noted in the Toronto Star, “…an inspection wasn’t done and the discovery of problems with the roof meant $10,000 in additional costs for the buyer. Given the risk, you might want to ask yourself, ‘Can I afford not to have an inspection?’”*
A Home Inspection is a Wise Investment for the Following Reasons:
A trained individual is performing a comprehensive evaluation of over 400 systems and items in your home
It allows you to feel confident in the decisions you’re making in regards to your property, especially during negotiations.
A Home Inspection can make you feel more secure about one of the biggest investments of your life.
Educates you about your property and how to properly maintain it
With all your hard-earned money going towards purchasing a home, you want to ensure your investment is a good one. This is where a Home Inspection can help. While a Home Inspection is not a guarantee, it does help to mitigate risk and it also means a pair of trained eyes will take a closer and more analytical look at your future home.
*SOURCE: Toronto Star, Joe Richer – http://www.thestar.com/life/homes/2012/11/16/skip_home_inspection_at_your_own_peril.html
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