As a potential buyer, a home inspection is your authoritative proof of property problems. Most home purchase agreements are contingent upon the results of a home inspection, including a pest inspection. Armed with knowledge from your home inspection report, you may be able to either insist that the seller fix or repair certain issues before closing, renegotiate the price to reflect future repairs, or walk away without losing your earnest money.
Be aware that not all items on an inspection report are mandatory fixes or should be a cause to walk away from a deal. A home inspector may include cosmetic items, or note that something will cost money to repair in the future. For example, the inspector may note that the house will need a new roof at some point. That information helps you be an informed buyer, but it doesn’t necessarily mean you shouldn’t buy the house.
Although a home inspection costs money now, it can potentially save you far more, perhaps even tens of thousands of dollars. It’s better to know about termite problems, radon issues, or other problems before you buy a new home or condo than to be surprised by the cost to repair them further down the road.