Published at Monday, April 02nd, 2018 - 13:37:34 PM. Home Insurance. By Durand.
Excerpt from Home Inspector Insurance Cost - A Cheap Form Of Insurance :
Home inspector insurance cost. The estimates came in at about ten grand -- Not including all of the repairs that would be needed to the sheetrock & newly laid hardwood floors when the house was leveled. Now here is the Worst part of it all... the law states that you would have to disclose such repairs to any new home buyers. Now think about it...even after the problem was fixed -- would you buy this home?
My son decided to not spend the money & repair it. He wound up selling the house for the same price he paid for it 7 years prior. It cost him $32,000 or more in equity and appreciation. The sad part is that all of this could have been avoided...If he only would have asked for a little help. A home inspection would have turned up all of these concerns BEFORE he signed on the dotted line. How many of you would have gladly invested 300 bucks to avoid losing $ 32,000.00? I can assure you he will NEVER make that same mistake again.
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