People often figure when buying a new home or an existing newer home that since the construction is new (or relatively new), there should not be any problems with the building.  Unfortunately skimping out on a home inspection could cost you a lot more then the price to have it inspected.  As what they may find could possible have a significant impact on your real estate transaction.

When buying a home (new or existing structure), it should always be inspected by a reputable home inspector.  Realtors may "recommend" inspectors for you, but often it is best to get in contact with the Better Business Bureau and have a inspector recommended to you.

Having the inspection done you will be able to find any areas of concern or any areas not up to code.  It is often best to have the inspection done BEFORE the transaction is complete, as the results of the inspection may indicate repairs that should be completed before moving in.  If you cannot have an inspector come to the home before the transaction is complete, make sure you have it addressed as a part of the transaction in writing. Also you may be able to work with the seller of the house on negotiating repairs, or re-negotiating the offer with your Realtor based on the findings in the inspection.

A good inspector will take his time with the home inspection, and while they are inspecting you should avoiding bothering them as much as possible.  Although its not necessary to be there during the inspection, its a good idea to show up at the end for the written report.  The inspectors will give you a detailed written report after the inspection is complete.  This will include everything from wiring and foundation and walls, to plumbing, roofing and doors and windows.  In the inspection they will highlight areas of concern, which will give you a clear indication if you are getting what you are paying for.

Home inspectors examine a building, they do not determine market value of the building.  If you are interested in the market value of the structure, its best to have it appraised.  Home inspectors can high light future issues or items that may not be up to building standards or need addressing.  When buying or selling, its often best to have your home inspected.  This can be useful for future reference and a good document to have on your new home.

Branden Schroeder is a Realtor serving the Maryland real estate market. Branden's background in law has enabled him to provide a level of service in the real estate market that is unequaled by other agents. For more info on Maryland Homes and Property  visit us online at today.