Home Inspection necessary on an inherited duplex?

[Dominick Marschall]

Hi, I recently inherited a duplex worth approximately 200k. I have it rented out and I am wondering if I should have a home inspection done? I've never owned a home before. i'm mostly worried about the foudation. The roof, appliances, plumbing seem to be okay. The electrical could use a change soon, but I already know that. The home was built in 1890 so its old. I was planning on doing this inspection for peace of mind, but is it worth it?

Thanks!

[Greg Scott]

If you have never owned a home, a good inspection is a great way to understand the condition of key systems and start putting in place a long-term capital improvement plan.   Be sure to be there while it is being inspected so you can ask questions.

Also, since it is a rent property, this is a business expense.  Don't think of this as a cost out of your pocket, think of it as the cost to responsibly run your business.