Your renovations might just come in the way of updating electrical (they usually have knob and tube if they haven't been updated yet), plumbing and the heating HVAC systems.

Ripped out the Tub, redid the plumbing, and tiled the entire shower.

If you have a concern about the underground plumbing then you need to have the sewer videoed.

If you are very experienced at rehab and repairs, and can check things like the attic, foundation, crawlspace, electrical panel, HVAC, and plumbing yourself, then spending $500-$1000 for a home inspector to do the same thing doesn't add any value. 

Windows, doors, HW tanks, furnaces, plumbing etc were replaced when absolutely necessary as it was circa 1850's & we could do the work ourselves.It was a great rental & when it was paid off we sold it & made about $35k, & 8 years later we still hold the note.

Electrical, Plumbing, Drywalling, Painting, General Contracting, Legal, etc.

* new electrical* new plumbing* new drainage* relocated furnace in the attic to get more usable sq ft * new kitchen* new vaulted ceilings * converted 1/2 bath to full bath* remodeled floor plan for open concept and better flow* larger master bathroom to have jack & jill* new restrooms What was the outcome?

* new electrical* new plumbing* new drainage* relocated furnace in the attic to get more usable sq ft * new kitchen* new vaulted ceilings * converted 1/2 bath to full bath* remodeled floor plan for open concept and better flow* larger master bathroom to have jack & jill* new restrooms What was the outcome?

You may own the cabinets and fixtures, interior wiring and plumbing, etc.

Some of the biggest and most expensive issues arising with older homes is the electrical and the plumbing.