weather icon Overcast

It is not a good idea to forgo home inspection when buying property


Q: Is it ever a good idea to forgo a home inspection?

A: Home-buying television programs sometimes show buyers removing the home inspection contingency from their purchase offers to win bidding wars.

You shouldn’t follow their examples.

Home repairs can get expensive fast, and when you’ve just closed on a home, your cash reserves are usually depleted.

A problem with any of the home’s major systems, including plumbing, electrical, roofing, heating and air conditioning, could cost thousands to fix.

Unless you’re financially prepared to manage a fixer-upper, you’ll want to buy a home where everything appears to be in good working order .

Another reason to have a home inspection is to avoid overpaying. If your offer price is based on the home being in excellent condition but you find out after taking ownership that it’s only in passable condition, you’ve overpaid by thousands of dollars that you’ll never recoup. All the hard work it took you to accumulate those savings will be wasted.

Don’t think it’s safe to skip an inspection because the home is brand-new and comes with a builder’s warranty.

Q: What kinds of things will an inspector look for?

A: A home can have many serious and expensive problems that only a trained professional will be able to spot:

■ Safety hazards like structural problems, mold or asbestos.

■ Major defects like a cracked foundation, leaky basement or improperly caulked windows and sills.

■ A roof, furnace, water heater or air conditioner that will need to be replaced soon.

You may think that common sense will help you spot any potential problems in a home, but unless you’re an experienced professional contractor, there are tons of potential issues that you wouldn’t spot the warning signs of or even know to look out for in the first place.

Don't miss the big stories. Like us on Facebook.
7 ways autocomplete can get smarter

Autocomplete is one of the best (or depending on how hastily you push ‘send’ – worst) things in the world. We rely on it so much that Google plans to let us autocomplete whole emails. Here are seven ways predictive input can improve. 1. Recognizing names from previous emails Jakub Kokoszka has a tough name to […]

Movie posters might soon be based on your clicks

You may have thought you left Blockbuster behind, but the basic way we browse movies hasn’t changed all that much. We peruse poster after poster, kind of like walking the aisles of a ‘90s-era video store. That one poster image, meant to appeal to as many people as possible, is often all we see before […]

What I’ll be covering at NAB 2018

The National Association of Broadcasters show kicks off this weekend in Las Vegas.  The show focuses on new and emerging technologies and trends in relation to the media and entertainment industries. As it’s not open to the public, I’ll be at the Las Vegas Convention Center on Saturday, Monday and Wednesday to share some of […]

EXECUTIVE TRAVEL: Forget Strip flash; some prefer lake’s panache

If you get called to a board meeting at Lake Las Vegas, you might want to bring your swimsuit. That’s the term Westin at Lake Las Vegas marketing director Matt Boland uses for upright paddleboard races, one of many team-building exercises offered regularly at the resort.

After $4,700 in live poker career winnings, James Romero, 27, wins nearly $2 million

It was a 15-year celebration of The World Poker Tour at Bellagio for the Five Diamond World Poker Classic. The largest field size in WPT Five Diamond’s history was created when 791 entries were tallied, and it was James Romero, 27, of Portland, Oregon, who won his first WPT title.

Auto electronics at SEMA and AAPEX: A brave new world

The Specialty Equipment Market Association celebrated its 50th annual SEMA show at Las Vegas Convention Center this month by showcasing a car culture of “do-it-yourself” garage mechanics who share a passion for customizing vehicles.