Whether it’s new, old, or in its teenage years, you’re taking a certain chance when you buy a house. All the warranties and assurances in the world won’t prevent leaks, squeaks, and lawsuits over roofing or siding materials, for example. I can speak from experience on the last one, because our house—purchased new in 1994—features the infamous Louisiana-Pacific LP Siding, the subject of a massive class-action suit and a multi-million-dollar settlement. The same scrutiny applies to electrical work. You have the law on your side with seller disclosure Form 17 and builder warranties, but you want to preclude any problems after you move in by ferreting them out before signing the final papers. An inspection and a disclosure form keep a seller honest and can bring up unseen problems that were unknown even to the seller.
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