Skip to Content

7 Key Reasons to Have a Home Inspection Before You Buy

It’s easy to get swept up in the excitement of buying a new home and forget to make the important decision to have a home inspection conducted soon after you are under contract.

Home inspections are an instrumental part of the homebuying process, saving you a lot of time and money in the long run.

Remember that a VA home appraisal and a home inspection are not the same thing. Appraisals will not provide you with a detailed look at a property that can help uncover deep-rooted problems and potential pitfalls.

Here are five great reasons to have a home inspection before you buy:

1. Don’t Judge a Home by Its Facade

Especially for those buying newer construction, a home inspection may feel like a waste of money. No matter the age of the home, there can be costly troubles unknown to the average buyer. Problems with wiring, plumbing or structural issues may not be visible during a showing, and you’ll want to get an expert opinion.

Even before you get to the interior, you can do your own preliminary inspection. Simply walk around the home’s exterior and look for any potential problems.

2. Save Money

Home inspection costs vary, but a good rule of thumb would be to expect to pay from $300 to $500, depending on the size and age of the home. While that may seem like a lot of money, think of it this way: Those who skip out on a home inspection may realize in a few years that an inspection is much cheaper than rewiring the entire house.

3. Negotiate

One of the advantages of having a home inspection before you buy is the power it might give you to negotiate a lower price. If a home you’re interested in is at the top of your price range, information gathered during the home inspection may give you the bargaining power to talk down the price. You can also insert language into a purchase contract allowing you to back out of an agreement if the inspection turns up problems.

4. Seller’s Repairs

Not only can you negotiate a lower price, many buyers include clauses in their contract requiring the seller to make the repairs necessary before any money is exchanged. If the seller is unwilling to complete the repairs, estimate the cost and ask them to take that amount off the total. Solid facts about the quality and condition of the home can give you valuable bargaining power.

Remember that a seller’s repairs cannot be included in seller concessions. VA guidelines allow the value of seller concessions to equal up to 4 percent of the selling price, but that 4 percent comes in addition to any negotiated repairs.

5. Offers You an “Out”

It’s not uncommon for buyers to have contract contingencies in their offer, a home inspection contingency being one of the most prevalent. This allows buyers to back out of an offer on a home if anything unexpected comes up during the home inspection.

For example, let’s say there’s significant work to be done on the electric wiring of the home. Some buyers would be okay with working through those issues, while others would prefer to walk away. Contract contingencies protect you from ending up with a property that needs a lot of work.

6. You May Need One for Insurance

It’s common for home insurance companies to require inspections to make sure certain issues are not present.

7. Know What You’re Buying

In the end, the most important reason to have a home inspection before you close is to really know what you’re buying. Research your potential home like you would any other major purchase. The more you know, the fewer surprises there will be down the road. Home inspectors can help you make a decision based on your current budget, as well as your future time and money investment.

Know What You’re Buying

In the end the most important reason to have a home inspection before you buy is to really know what you’re buying. Research your potential home like you would any other major purchase. The more you know, the fewer surprises there will be down the road. Home inspectors can help you make a decision based on your current budget as well as your future time and money investment.

Your home is your biggest investment. Get connected with an experienced lending team to guide you through the homebuying process.

About Our Editorial Process

Veterans United is recognized as the leading VA lender in the nation, unmatched in our specialization and expertise in VA loans. Our strict adherence to accuracy and the highest editorial standards guarantees our information is based on thoroughly vetted, unbiased research. Committed to excellence, we offer guidance to our nation's Veterans, ensuring their homebuying experience is informed, seamless and secured with integrity.