By Porch.com
For most homebuyers, a full property inspection is an essential precaution: When committing to such a massive investment, doing your due diligence can really pay off. If an inspector uncovers unseen issues, buyers can avoid expensive surprises—and bargain down the price to reflect the work required. Yet, some home shoppers are tempted to skip this step, wary of another expense in the homebuying process. An experienced inspector can charge hundreds of dollars, so how often do their findings justify the costs? Moreover, some buyers report negative experiences, frustrated that their inspectors didn’t find important problems. In retrospect, how many homeowners regret paying for inspections? To examine these questions, we surveyed about 1,000 individuals who hired inspectors when buying their homes. Our findings reveal the average costs related to these inspections and whether their results translated to savings in the long run. If you’ve ever wondered if home inspections are worth it, you won’t want to miss what we found out.
