When a home is brand new and looks great, you may feel tempted to skip the home inspection. After all, you could keep that extra $500. You might add it to the down payment of the home or set it aside for a rainy day. While these are perfectly good reasons, you would be hard-pressed to find first time home buying tips that don’t stress the importance of a home inspection.

There’s a good reason for this. Home inspections help uncover any flaws that may help you negotiate a better deal. Maybe a home you thought was worth $200,000 could be worth $30,000 less based on needed repairs. Wouldn’t you like to know? If the home is worth its full price, then at least you have the peace of mind and can rest easy in your investment.