Home inspections play an integral role in the home-buying process. Though some would rather forego the aggravation, it’s crucial to have an inspection done prior to your purchase of a given property. It could save you a great deal of time and energy later.
Not convinced yet? Here’s everything you need to know about home inspections:
What is it?
A home inspection consists of a professional inspector coming to the property to assess the health of the external home and the major internal features. The purpose is not to evaluate the home’s value or to address insurance costs.
When should a home be inspected?
A home inspector should be found after the offer-to-purchase contract is developed but before executing the final purchase and sales agreement. Be sure to include an inspection clause in the offer-to-purchase contract, giving you a legal way out of the sale depending on the results of the inspection.
How do I find an inspector?
Word of mouth is a powerful tool for finding a home inspector- talk to friends and real estate agents for recommendations, and be sure to get a price estimate beforehand.
What actually goes on?
The inspector will examine all physical aspects of the home, in addition to the climate control system, plumbing, and electricity. They don’t care about the look of the home, but rather the functionality. If they find something of concern, they’ll advise you to hire someone who works within the necessary specialty.
When negotiating the cost with a home inspector, make sure the full cost includes a written report issued no more than 2 days after the inspection.
Should I be there for the inspection?
A home inspection is meant to benefit you, the buyer, so you should definitely attend. It will allow you to get a better sense of the home and provide you with the chance to ask questions of the inspector.
If a major concern is raised, you can then consult with your agent or a specialist.