A home inspection can reveal hidden problems that cost tens of thousands to fix. Knowing which issues are deal-breakers can save you from a financial nightmare.
Major Red Flags
- Foundation cracks wider than 1/4 inch: Repair costs $5,000-30,000
- Active termite infestation: Treatment plus damage repair $3,000-15,000
- Knob-and-tube wiring: Full rewiring costs $8,000-25,000
- Mold in walls or HVAC system: Remediation $2,000-30,000
- Roof near end of life: Replacement $10,000-30,000
Serious but Negotiable Issues
- Outdated electrical panel: $2,000-4,000 upgrade
- Old plumbing (galvanized or polybutylene): $4,000-15,000
- HVAC system over 15 years old: $5,000-12,000 replacement
- Water damage in basement: $2,000-10,000 waterproofing
- Asbestos in older homes: $1,500-30,000 removal
Always get repair estimates from licensed contractors before deciding whether to walk away, negotiate a price reduction, or ask the seller to make repairs.
