Getting a Home Inspection
Posted by semoninblog
The home buying process can seem like a lengthy one, but each step of the journey is important and should not be bypassed in effort of saving a little time or money. Sometimes it may seem as if a home inspection isn’t necessary, especially if a property appears to be in excellent condition. However, what you see in a house can be very deceiving. Buyers see a crack in a ceiling, immediately assume it is a big problem and get scared off, but a home inspector might say it is just cosmetic and can easily be covered up. A newly renovated home can seem flawless, so buyers opt out of getting a home inspection only to find out after closing that the home has major—meaning expensive—electrical or plumbing problems. Examples like these prove that home inspections are crucial to the home buying process.
A home inspector’s job consists of three main points:
- Evaluate a property’s physical and structural condition
- Identify items in need of repair or replacement
- Assess the remaining useful life of major systems
It is a good idea for you, or your real estate agent, to be present during the inspection. This allows you to ask questions, better understand the reasons or causes of certain issues, and learn what you need to do to fix them. The inspector can also point out areas of potential trouble and offer maintenance tips that can be very useful in the future. You can expect an inspection to take 2-5 hours, or a little longer for an older home, and to cost $200-$500 depending on size.
The inspection process enables buyers to discover any issues with the property before closing. Sometimes the results of provide reason for the buyer to back out of the purchase, but many detected problems do not necessarily have to be a deal breaker. Buyers can use the information reported to identify and prioritize items that need to be done, either immediately or in the future. In some cases, buyers can request the seller to make repairs or negotiate the sales price a bit more.
When buying a home, be smart, be cautious and never go without having a home inspected. If an inspector reports the home is in perfect condition and no issues need to be addressed, don’t consider the inspection to have been a waste of time and money, the peace of mind you will get makes it all worthwhile.