Key Takeaways A home inspection contingency allows buyers to learn about major and minor issues with a home before purchasing it. Many lenders won't offer financing on a home without an inspection. Home inspections can uncover potentially life-threatening problems like mold or faulty wiring that could cause a significant fire. More items...Do I need a home inspection?
A thorough inspection is a critical step in purchasing a home. Home inspectors look at the exterior and interior parts of the home, including but not limited to electrical, plumbing, roofing, HVAC, and foundations. Home inspections provide an opportunity for a buyer to identify any major issues with a home before closing.Do you need a home inspection?
It’s best to have a licensed home inspector inspect a new home during early phases of construction when more of the house is visible. But, if the house is almost complete when you decide to buy it, it’s still important to get a home inspection on a new home.