Are you thinking about skipping home inspections to save money? This shortcut could leave you with a home full of hidden problems, from sewer line disasters to dangerous radon levels. Today, I’ll cover the four must-have inspections that protect your real estate investment and prevent costly surprises. You’ll learn what each inspection covers, why they matter, and how they save you from expensive repairs. Before signing that contract, make sure you know what to check.
When purchasing residential or commercial property, inspections are a critical step that should never be skipped. Skipping inspections to save money can lead to costly surprises down the road. From general building inspections to sewer line checks and radon testing, each inspection is important for your investment. Here are the most important inspections to consider before closing a deal:
General building inspection
A general building inspection is one of the most common and essential steps in a property purchase. This inspection covers visible aspects of the property, including electrical systems, plumbing, roofing, windows, doors, and the foundation. Prices for these inspections typically start at $400 and increase based on the property’s size and type. Residential inspections usually range from $400 to $600, while multifamily and commercial properties may cost more.
Sewer and septic inspections
Sellers usually provide a well test and pump check for properties with wells. If the property has a sewer or septic system, a proper inspection should be conducted. In city areas, a sewer line inspection is highly recommended. A plumber will use a camera to check for blockages or collapsed pipes. Many buyers skip this step, but hidden issues can lead to expensive repairs. If no inspection is done and the seller is unaware of a problem, the buyer takes full responsibility. Most insurance policies do not cover these repairs as well.
Radon testing for residential properties
Radon testing is another inspection that is commonly performed, especially in homes with basements. This test typically costs a few hundred dollars and is recommended if the basement will be used regularly or is finished. However, it must be noted that radon exposure can pose health risks, making this inspection an important consideration when purchasing a home.
Environmental testing
Environmental testing is often conducted in commercial real estate transactions to check for potential hazards on the property. While not always necessary for residential properties, this inspection can be crucial in specific cases.
Skipping inspections now can cost you thousands later.
One of the most commonly overlooked but essential inspections is the sewer line inspection. Sewer issues arise regularly, and failing to inspect the line can result in unexpected repair costs. Skipping inspections now can cost you thousands later. You should prioritize necessary inspections and include them in your budget to avoid risks and protect your investment. If you have questions or need guidance, I’m here to help. You can call me at 847-577-4476. I look forward to hearing from you!
