Are home inspections worth the money? Tips for investors and home buyers

Is he home inspection a step that you can afford to skip when buying a property as an investor or even a traditional home buyer, especially with an as-is sale? In this video, I speak with Ross Kennedy from Kennedy Home Inspections about how you can best use a professional home inspection for due diligence and leverage during negotiations. 0:00 Overview 2:35 Kennedy Home Inspections background 3:47 How you can be fooled by online photos 6:00 Sellers getting home inspections prior to going on the MLS 8:13 How do you approach home inspections for As-Is sales 10:55 Using home inspections to get swag at renovation budget 12:00 Major vs minor home defects 15:40 Importance of specific wording on home inspection reports 18:02 Where buyers should focus attention during home inspections 21:45 Learn about the most important systems of the house vs. cosmetic repairs 22:58 Misunderstood defects 25:19 When an old house becomes a problem 28:10 The facts about knob & tube wiring 31:55 Difference between local municipality requirements and home inspection checklist 35:56 Appraiser's (or lender's) repair checklist 39:00 How the house tells the story 41:00 Setting expectations about what could come up at a home inspection 44:05 Discovering renovation work done without proper permits 47:00 Value of knowing overall health of the property Chat with Ross Kennedy, Kennedy Home Inspection about scheduling a home inspection in the Philadelphia metro area: 👉Call/text: 484.433.4319 📨 RossDKennedy@gmail.com ➡️ www.KennedyHomeInspections.com DOWNLOAD THE ULTIMATE REAL ESTATE INVESTOR'S READINESS CHECKLIST 📓Ask yourself the right questions early to avoid making 5- or 6-Figure mistakes while building your rental property portfolio: https://dwoodsrealestate.com/21-questions-investors/ SIGN UP FOR AN UPCOMING NEW INVESTOR WORKSHOP 👩🏽‍🏫This is for busy professionals who want to buy their first rental property without worrying about getting stuck in a deal that will leave them broke: https://dwoodsrealestate.com/new-investor-workshop/ Get THE ROADMAP TO FINANCIAL FREEDOM TRAINING FOR RENTAL PROPERTY INVESTORS: 🗺️Go from “thinking about it” to buying rental properties: http://rentalportfolioempire.com Let's chat about buying, selling, or managing Philadelphia real estate: 👉Call us: (610) 872-7926 📨: veronica@dwoodsrealestate.com 📆 New Investor Discovery Call: https://calendly.com/veronica-dwre/discovery-call 📆 Rental Income Strategy Session: https://dwoodsrealestate.com/pm-strategy/ 📆 Seller Consultation: https://dwoodsrealestate.com/home-seller-strategy-session MUST WATCH PLAYLISTS: 🏘️Check out our investor playlist: https://rebrand.ly/newinvestors 💲Check out our seller playlist: https://rebrand.ly/Phillyhomeowners GET MORE TIPS: 📨If you want to get more real estate wisdom beyond the videos, sign up for my email list (sent 2x a month): https://dwoodsrealestate.com/subscribe ABOUT VERONICA I am proud to work with my dad, Daniel Woods, and continue the legacy of Daniel Woods Real Estate, where we have been advising clients in the Philadelphia area since 1987. I am a natural connector who loves matching buyers and sellers, foodies with restaurants, and those in need of professional/career introductions. My passion is to help more people use real estate to create wealth, build a legacy, and design the lifestyle of their dreams.