Real Estate Investor Urges Homebuyers to Prioritize Inspections

For many, purchasing a home represents a significant life milestone and the largest financial commitment they will ever make. Tommy Harr, a real estate investor with over ten years of experience and a host on A&E's "Zombie House Flipping: Family Business," emphasizes that prospective buyers should not forgo a home inspection. This crucial step, he advises, can safeguard buyers from potentially saving hundreds of thousands of dollars by uncovering major issues before a sale.

A home inspection serves to identify significant flaws, ranging from structural problems to electrical and plumbing issues, prior to finalizing a purchase. Proceeding without one can lead to substantial, unexpected repair costs, with extensive fixes easily exceeding $100,000 depending on the severity.

"Knowledge is power, and there should absolutely be an understanding of what you're buying before you fork out all that money for a home," Harr stated. He added that an inspection is an essential part of the process that ultimately protects homeowners during their biggest investment.

Harr recommends that an ethical real estate agent should offer a list of three home inspectors for a buyer to choose from. While agents should not dictate a choice, buyers are encouraged to research each inspector, perhaps by checking Google reviews and contacting them directly.

The cost of a typical home inspection falls between $400 and $500, a necessary expense, according to Harr. He noted that while it is not a small sum, it is essential for due diligence. Harr, who is also a trained home inspector, dedicates about four hours to each inspection, meticulously examining visible aspects of the property. This includes checking the attic, crawl spaces, basement, and exterior. Advanced technology, such as sewer line cameras and infrared cameras, are used to detect issues like hidden leaks or temperature imbalances that might indicate problems.

Inspections are generally divided into three categories: safety concerns, recommended repairs, and maintenance items. Safety issues, such as an actively leaking roof with potential mold, or outdated electrical systems like knob and tube wiring that can pose fire hazards, should be addressed with the seller and may be grounds for negotiation. Similarly, significant electrical or plumbing problems are common findings.

Harr explained that his role as an inspector is to provide clients with a clear picture of the home's condition, even if the findings are initially disheartening. His goal is to prevent buyers from entering into a financially draining situation. After the inspection, he provides a detailed report, and buyers are encouraged to ask their inspector for clarification on any points they do not understand, ensuring they comprehend the findings in layman's terms. Harr's television series, "Zombie House Flipping: Family Business," airs Saturdays at 11 a.m. ET/PT on A&E’s Home.Made.Nation.