Be Sure the Home is Worth the Sales Price
A home inspection typically takes place after your offer has been accepted by the seller. At this point, you and the seller have already agreed upon a sales price for the home, but it is often contingent on the inspector’s findings. Homebuyers need a home inspection so you know the home is worth the price you are paying for it. If there are too many issues, the home may be worth less than you originally agreed to pay.
In most contracts, there is a clause that allows you, the buyer, to hire a home inspector and pay for a home inspection. It is also smart to get additional services like radon testing and a termite inspection. Your real estate professional will recommend which inspections you should order.
What is Included in a Home Inspection?
According to most state laws, home inspectors need to be licensed in order to provide inspections. Shortly after the inspection is complete, you’ll receive a detailed report of the home inspection including details and photos of any defects. The report will outline the components and systems of the home that were observed or tested. The home inspector will visually asses your home from top to bottom, both the exterior and interior features. It is a non-invasive inspection, so the inspector won’t be digging anything up or taking apart systems or appliances.
Some of the components covered in the inspection include:
* The roof, including the shingles and flashing
* The foundation and framing
* The exterior, including the siding, driveway, soffits, porches, decks, patios, and walkways
* The electrical system
* The plumbing system
* The heating and cooling systems
* The windows
* The interior walls, doors, ceilings, floors, stairs, railings
* The attic and insulation
* The basement
* The appliances
* Smoke alarms and carbon monoxide detectors
A Home Inspection Can Save You Money
Home inspections usually cost a few hundred dollars depending on the size of the home. In the long run, a home inspection can save you a lot of money. If any defects, deficiencies, or safety issues are found in the home inspection, you can negotiate with the seller to get these repaired or replaced at their expense.
Some sellers will offer a monetary credit so you can get them repaired by the contractors of your choosing after closing. Leverage during negotiations is one main reason that homebuyers need a home inspection.
A Home Inspection Can Save You Time
When you are moving into a new home, the last thing you want to worry about is repairs you’ll need to make right after moving in. You will want to move your furniture and personal items, decorate to your liking, and turn the house into your home. If issues are found in the home inspection and fixed by the seller, you won’t have to worry about arranging for repairs and having work completed while you settle into your new home.
Protect your investment by scheduling a home inspection on your potential new home. Any real estate professional will tell you that homebuyers need a home inspection. It will be one of the best decisions you’ll make when buying a home.