If you’re planning to buy a new home, it’s crucial to make sure that everything is in good working order.
With a professional home inspection, you’ll get a clear idea of what to expect and what might be lurking under the surface.
Read on to learn more about the ins and outs of home inspections so you can be prepared for whatever comes your way.
Why do You Need a Home Inspection?
You’ve finally found the home of your dreams and you’re ready to make an offer. Before you pull the trigger, it’s really important to get a professional home inspection first.
The inspection will reveal any potential problems with the property and the inspector will make note of items that need repair. They’ll look at the major components of the house including the HVAC system, electrical system, and plumbing.
Your inspector will use a home inspection checklist to make sure that all of the bases are covered. They’ll inspect the roof, foundation, and other parts of the home to confirm that everything is in good condition.
The perks of getting a home inspection before you make an offer are many. One benefit is that you can use any issues you find to your advantage when it’s time to negotiate the asking price.
If the inspector finds any problems, your agent can use this to make a deal with the seller. In some cases, they can ask the seller to make the repairs before you close. In other cases, you can ask for a lower price so that you can make the repairs yourself.
How Much Will a Home Inspection Cost?
Different home inspection companies will charge different rates, but the average cost should run you anywhere between $300 and $500 or possibly more. Your total cost will depend on a few things including the size of the home and if home inspectors are currently in high demand.
Make sure that you choose home inspection services that have the right professional qualifications. That way, you’ll know you’re getting advice from someone who is completely qualified and educated on how to perform an inspection the right way.
Keep in mind that your home inspection cost is not included in the closing costs. You’ll be expected to pay this cost up front, even if you decide to walk away from the home and move onto something else.
How Home Inspections Work
Depending on the size of the home, it may take a few hours to complete a detailed inspection. The inspector will contact you and let you know the time and date that it will take place. In most cases, the home inspector will allow you to follow them through the home as they perform their work.
They’ll use a home inspection checklist as they go to make sure that everything is inspected in full detail and will take pictures of any items that need attention. Make sure you ask questions as you go so that the inspector can address your concerns at the time the inspection takes place.
The inspection will note the condition of the major parts of the home such as the roof, plumbing, and HVAC system, just to name a few. Remember that it’s the inspector’s job to give an honest and objective opinion about what they see. Do your best to avoid getting emotional if you run into issues and remember that their job is to help protect you from major problems later down the road.
It’s important to note that most basic home inspections don’t note any issues with your state and local building codes. However, they will notify you if they see a red flag, such as a sagging roof or cracks in the basement or foundation.
The inspector will not comment on how the home looks unless they see clear signs of a problem like water damage on the ceiling. They won’t inspect for hidden issues like asbestos, mold, or pests. You’ll be responsible for making sure those issues are addressed if you’re concerned about them.
How to Read the Report
Once the home inspection is complete, you’ll be given a copy of the report. This report has all of the information you need to make a sound decision as to whether or not you plan to make an offer.
It’s a good idea to let your real estate agent take a look at the report, too. They have experience in deciphering home inspection checklists and can help you negotiate with the seller if needed.
The report should include detailed information and photographs of the home. It should also include information about possible repairs or replacements that are needed, when applicable.
Keep in mind that home inspections are not a pass or fail type of test. Instead, they’re designed to give buyers the power they need to make a sound, informed decision before buying a piece of property. If the report is full of problems or includes repairs that seem too extensive, now is your chance to walk away and move on to another home.
Be Smart, Get an Inspection
Never buy a home without getting a professional home inspection, so you can be armed with the information you need to move forward. With a qualified inspector, you’ll gain some good insight as to the condition of the home you’re interested in buying before you make an offer.
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