What is a home inspection?
What is a home inspection?
The home-buying process is long and arduous. You often spend months searching for the right home before you make an offer and once an offer is made and accepted, you must jump through several more hoops before the sale closes. An important part of this process is the home inspection where a professional makes sure everything in the house is functioning properly and identifies needed repairs.
The buyer pays the cost of a home inspection but can always waive the right to an inspection. That’s not a good idea. You should make a home inspection a mandatory part of the home-buying process. This goes for both the purchase of a pre-owned home as well as new construction.
Unseen and Unpredicted Problems
You can fall in love with a home for various reasons. You might love the size of the home, the open floor plan, the home’s exterior or the layout of the kitchen. While the home may look to be in excellent shape, the home’s aesthetics can hide real problems.
You need an inspector to check the attic and the crawl space. The inspector can discover real and expensive problems that are not always apparent when you view the home with a real estate agent. A great home is more than interior decorating and a good paint job. It’s about what’s in your walls and not what’s on them.”
Once the home inspector completes a report, you can renegotiate with the seller. You might want to have certain items repaired. The inspection is going to educate you about one of your greatest purchases. And You are also learning very practical information about the home like where the main water shutoff valve is located and where the main fuel shutoff is.
Cost is not an inhibiting factor for a home inspection. An inspection cost is usually $300 Specialized radon add a little bit more to the cost. In the end, the money is worth the investment. A quality home inspection can keep you from having to pay tens of thousands of dollars in repairs costs.
The home inspector will look at the foundation and other structural elements of the house. If the house is not structurally sound, the inspection report will identify the problems. Structural problems are major red flags when buying a house. You don’t want to get stuck with a home that is not well built.
A new roof can cost $10,000 or more to replace and is one of the more expensive maintenance costs of owning a home. The inspector will look at the roof and identify the roof’s approximate age in order to decide whether it is in proper working order. The report will point out any problems with the roof.
An important part of the home inspection is to make sure the home is safe. The inspector will look at the electrical system and make sure it is in proper working order. You don’t want to live in a home with an unsafe electrical system. If you choose to get a radon test, you will understand if the radon levels in the house are at safe levels. Radon is an odorless gas that can cause lung disease.
A home requires ongoing maintenance. Things wear out and break. When putting together a budget for buying a home, you need to include maintenance costs. The amount of money that you budget will depend on the home’s condition. A newer home is less likely to need maintenance than an older home. These are things that will have pending replacements in the next five years.
Peace of Mind
An inspection report assists you to understand the condition of the home when the sale finalizes which can ultimately bring you peace of mind. All in all, you don’t want any major surprises shortly after moving into your new home.