When you find the perfect home, it can be tempting to move quickly and even waive contingencies to make your offer more appealing.

But skipping a home inspection is a gamble that could have major financial and safety consequences. You should always get one to gain a comprehensive assessment of the property’s condition, giving you the information you need to make an informed decision. Here’s a closer look at what makes this step so essential.

Uncover hidden issues

A home may look flawless on the surface, but it could have underlying issues that go unnoticed without a professional inspection. Inspectors evaluate the structural integrity of the house—looking for signs of deterioration in the roof, attic, basement, foundation, and more that could pose safety risks—as well as critical systems such as electrical, plumbing, heating, and cooling. Problems like water damage, faulty wiring, and foundation cracks may seem minor but could lead to significant expenses down the road. Experts will also check for potential hazards such as mold, radon, carbon monoxide, and asbestos, which can all have serious health implications for you and your family. Forgo an inspection, and you might not realize these costly and dangerous issues exist until after you’ve moved in.

Save money in the long run

On that note, while a home inspection does require an up-front cost (typically a few hundred dollars), it can prevent you from making an investment that turns into a money pit. Major problems, from a failing HVAC system to a deteriorating roof, can cost thousands of dollars to fix. By identifying them early, you have the opportunity to reconsider your purchase in favor of a property that is more solid. Or you can use your gained info to . . .

Gain negotiating power

One of the most significant advantages of a home inspection is the ability to negotiate with the seller. If an inspection reveals issues, you can ask them to address repairs, provide a credit, or lower the asking price to compensate for future expenses. Without an inspection, you lose this leverage and might end up paying more than the home is worth.

Understand future maintenance needs

Even if a home passes inspection with no significant red flags, it’s helpful to understand what maintenance may be required in the coming years. A home inspector can provide insight into the age and expected lifespan of major components, including the roof, HVAC system, and water heater. This allows you to plan and budget accordingly, better ensuring that you’re financially prepared for possible future repairs and replacements.

Avoid buyer’s remorse

In the end, purchasing a home is one of the largest financial decisions most people make in their lifetime. The last thing you want is to experience buyer’s remorse due to unforeseen issues that could have been detected with a proper inspection. Having one done can help provide peace of mind, enabling you to feel confident that the home you’re buying is in good condition or even that you need to move on. And if you’re still on the fence, discuss it with your real estate agent—they can help you make sense of what you learned to come to the right decision for you and your family.