When an actual problems like an active leak is found, then the seller has the option to make the repair or it may be something that means a renegotiation in contract price or terms. Sellers will sometimes refuse to make a repair because they feel the request is to minor or that they have already accepted a price that reflects the homes condition, also high demand for a home can affect a buyer’s bargaining position.
Most inspectors will break down problems into a category of minor (less than $500) or major (over $500). If the inspection report does reveal problems it doesn’t mean that you shouldn’t buy the house, only that you are aware in advance what to expect. Your approach to resolution of any problem may come down to financial capability or willingness to be involved in future repair projects.
Even for people who think they don’t need an inspection because they are planning on renovations, it would be a mistake to skip calling in a qualified home inspector. You may be thinking that the updates you are planning on cover all the problems you notice, you would be horrified to find out after the purchase that there is $20,000 worth of structural problems you weren’t qualified to evaluate and that your emotional love of the house blinded your decision making process.
With a good thorough inspection you can complete your home purchase with peace of mind and confidence. If the home gets a clean report be assured that your money has not been wasted; you will have a much better understanding of the property and the knowledge that you are making a well informed purchase decision. Often the inspectors report becomes a reference tool that you will refer to for years after your purchase.
When buying older homes remember the inspection describes the condition of the home at the time of inspection and not whether it meets current municipal building codes, again a good inspector will point out items that you may want to change after you buy the home just to be safer. Frequently in older homes outlets near a water source don’t have a ground fault outlet that will help prevent accidental shock or decks may only be nailed to the house where today they would be bolted for increased safety.
Select the house you love and have it professional inspected. No inspection can guarantee that problems won’t develop down the road but you should do what you can to protect your investment and to make yourself able to enjoy your new home.