Done right, a home inspection can be a very enlightening process in the house-purchasing course. It provides very useful insight into the condition of a property. Thorough inspections normally expose a number of issues that give buyers the information needed to make an informed decision. Knowing what you are getting yourself into with regard to the home inspection can help you go about it smoothly and efficiently.
1. Scheduling the Inspection
Any buyer whose offer on a home has been accepted can schedule a home inspection. While usually it is an event time-framed in the purchase agreement, the buyer usually does this. It's important to get the inspection quickly to allow time for possible negotiating or repair work before your purchase is complete. Choose a home inspector who is duly licensed, has had experience in homes like yours, and has local building codes and standards at their fingertips. A good inspector could be recommended to you by a friend or family member, or even by your real estate agent.
2. The Inspection Day
On inspection day, the home inspector looks over a property's general condition and structural integrity, its systems, and its components. The average inspection takes two to four hours, based upon the size of a property and its condition. It's always a good idea for the buyer to follow the home inspector around the property on the inspection so that they can see what's occurring and ask questions personally. The areas to be covered visibly include: foundation, roof, plumbing, electrical systems, heating and cooling systems, windows, doors, appliances.
3. Areas of Focus
The inspector checks a home for the following:
Structural Components: Damage to foundation, walls, ceilings, floors, and roof such as cracks, sagging, and probable water intrusion.
Systems and Utilities: The major systems to be investigated include the HVAC system, condition of the plumbing, and electrical wiring; all these would be checked for proper function, evidence of wear, and possible dangers.
Exterior Elements: These would have to do with the siding, gutters, windows, doors, and exterior drainage. The inspector looks for damage or improper installation that might cause future problems.
Interior Elements: This includes interior walls, ceilings, floors, windows, doors, and insulation. The inspector is checking for evidence of moisture damage, leaking problems, and general condition.
Appliances: The inspector will examine major appliances like the oven, refrigerator, dishwasher, and washer/dryer to ensure that they operate properly when they are supposed to be included in the sale.
4. Receiving the Report
After doing the inspection, he will give you a report of his findings. Normally, it should contain a description of problems, photos, and recommendations for repair or further evaluation most of the time. Carefully go through the report and raise all concerns with the real estate agent. This report will update you on the condition of the property and point out the critical issues that may have to be addressed prior to your purchase.
5. Negotiating Repairs or Adjustments
You may have to negotiate for repairs or adjustments with the seller. This is usually based on the inspection report. The most common of these negotiations involve requesting that the seller complete certain repairs prior to closing, then the seller will either make the requested changes before closing or offer a credit toward the cost of the repairs. Your real estate agent can help you write up a request for repair or negotiate a price reduction regarding inspection findings. It's always a major concern with a high-priority ranking to have issues that affect safety, functionality, or major repairs when deciding on the most appropriate action concerning the greatest impact on value.
6. Follow-up Actions
If any repairs are needed or other areas need to be inspected, be sure you complete these items before closing. In some cases, this may require that you schedule future inspections or get estimates for needed repairs from contractors. Do not finalize the purchase until agreed-upon repairs are satisfactorily completed. Your real estate agent will help you coordinate follow-up actions and see that all steps are completed.
7. Final Considerations
A home inspection gives a person very valuable insight into the condition of a property. It may reveal hidden problems that could influence the purchaser's decision. Actually, no home is perfect; it is bound to turn up with some items. Use the inspection findings to make an educated decision on how to effectively negotiate and be confident and comfortable with what you're getting for your money at closing.
Conclusion
Mastering a home inspection includes how to schedule the process, knowing what to expect, and how to resolve any complications that may occur. You will learn here what to do beforehand and how to be better prepared for the process to take control of your inspection, negotiate when needed, and ensure you're making the best possible investment for your new home.
