Just a short drive from some of the best hiking and skiing in the United States, Denver, Colorado is the outdoorsman's dream city. If you're looking to buy a home in Denver, check out our list of the top home inspectors in the Mile High City.
Buying a home can be stressful, especially in a hot market like Denver, Colorado. Finding a competent home inspector who delivers you a quality home inspection report is one of the most important choices during the real estate transaction.
Home inspectors in Colorado are not governed or certified by the state, so it's important you check their education, credentials, and reviews. Many Denver home inspectors follow a Standards of Practice from associations like InterNACHI. This will dictate what they will or won't check during your home inspection.
Attend the home inspection. Ask questions but also allow your home inspector some space to focus and do a good job. You don’t want to be the reason they missed something!
Try to keep the findings in perspective. Each home (even newly built homes) will have issues. Work with your real estate agent to understand potential costs to fix the small and large issues found. Then make an informed decision based on your market economics.
The Denver real estate market was on fire in 2021, with more home purchases recorded than any previous year. Home sales slowed in early 2022 based on supply; due to record home purchases, there were fewer than average Denver homes for sale in January of 2022.
As of mid-2022, the market is slowing down a bit. However, the Denver home market is historically seasonal and that could contribute to a cooling market. With instability in the economy, the Denver Metro housing market could continue to shift in the remainder of the year. As of September 2022, sales volume is up 17% from September 2021.
The bottom line for Denver homebuyers when it comes to the home inspection negotiations is that you still won't be able to ask for much after getting your home inspection report.
In areas or price ranges where there are more homes for sale and fewer buyers (1M+), you may be able to ask the seller to fix more items or give more concessions. But for the majority of homebuyers in the Denver Metro Area, the home inspection report is more of a tool to help you understand your new home and know what home improvement items to budget for in the future.