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Home inspection contigency for a spec home- should we have it

Signed a contract for buying a spec home. Should I have a home inspection contingency. Already  signed the contract, have not yet received it back after ratification.  How important is to have a home inspection contigency.
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November 20 2012 - Woodbridge
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Remember, most homes are just built to Building Codes which are just the minimum standards. Best to hire an Inspector with some building experience. After 35 years in the building industry, I can get a real good sense of the quality of the builder's work within a couple minutes. Poor building practices will alert me to be even more careful in my inspection.
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December 01 2012
I agree with everyone else, YES!
Best wishes, Jim
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November 27 2012
Don't buy any home without a good home inspection. Most home inspections take (3) three hours to complete.
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November 25 2012
Absolutely!  I always recommend a home inspection
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November 21 2012
A home inspector told me about a time he was inspecting a new construction home.  He turned on the HVAC and smelled smoke coming from the attic, turns out when the HVAC was installed some paperwork fell in the return and caught fire when he switched it on to test.

That's an extreme case but Yes......get an inspection!
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November 21 2012
In a word, YES.  ALWAYS GET AN INSPECTION end of discussion.

(unless you are an investor looking to remodel and put time in, but I still advise my investor buyers to get an inspection, as when they go to sell the home, if the AC isn't working or there are other major problems, the profit on the home could easily be eaten up in repair costs.)
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November 21 2012
Would always get a home inspection no matter if it may be brand new or nnot. You are making a very large investment so always remember to protect it from start to finish.
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November 21 2012
Having been in the home inspection business for many, many years I would highly recommend that you have a home inspection done. Many times a home looks to be in wonderful condition and there are still items that we find that may affect the desirabilty, habitability, or safety of the property.
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November 20 2012

Often we look at new construction and assume that the construction must be "good enough" since the builder has to go through the building permit process. One thing to keep in mind, is that a building permit just means that the process must meet the MINUMUM state or local building code. This does not mean that the home is build well or without defect. I always recommend that my clients have home inspections done, including on as-is sales, new construction, or 50 year old homes where the original owner still lives in the house and knows every nut and bolt that was used to build the home. I have gone through the building permit process in many towns and have seen building inspectors shake their head at poor construction, but still sign off on the permit since the work meets the minimum requirements.

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November 20 2012
you should ALWAYS have inspection contigency.

it doesn't cost you something extra to have the contigency, it doesn't cause issues.  It simply grants you the right to back out if your inspections reveal issues.

AND...if it is a spec home...you still can find issues, not to mention punch list items.  don't wait until you move in to find out there is something weird with the mechanical things, or something not up do code etc.  I'd almost argue it's more important on new construction than on existing because in the existing...there are people living there using the stuff.  There could easily be an issue that the builder simply isn't aware of and you won't be either if you skip inspections.

you gain nothing by giving up that right.
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November 20 2012
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Absolutely!    It is incredibly important!

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November 20 2012
 
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