Why should anyone spend time and money to get a property inspected?
There are several reasons for this trend which is quite recent. It is not as it was in the earlier days when the reputation of the builder was sufficient to ensure good quality. With tough competition, everyone is trying to cut corners so that they make their profits and in the process the loser is the buyer who has to beware.
The saving by doing a home inspection could range from 100 K to 500 K typically. This means that the saving made is 10 to 50 times the amount spent, hence the benefits of spending on inspections is quite obvious.
Even if the property is already purchased, an home inspection can highlight the corrections/repairs to be done before moving in. This could save additional expenditure when either the issues become critical or having to do the repairs after having moved in.