Home inspections are an essential part of the home buying process. It allows you to get impartial information about the house you are about to buy so you can avoid potentially pricey pitfalls. When you make an offer on your home, you can request an inspection contingency. This will allow you to back out of your offer without penalty within a certain timeframe if you are dissatisfied with the home inspection and are unable to resolve any inspection issues with the sellers. It should be noted that most inspections are able to be negotiated successfully between the buyers and sellers.
A qualified home inspector will pinpoint health and safety problems and look for any conditions that need specialized attention. An inspection includes physical elements such as roof, walls, foundation, insulation, attic and basement. It includes heating and cooling systems, plumbing, electrical and even examination of appliances. A home inspector provides a comprehensive report that details any issues found in the inspected home.
There are 3 things to remember about home inspection reports:
- A home inspection is not a warranty. The report details the issues found on the day of the inspection and cannot predict issues that may arise in the future. No matter how skilled your home inspector is, he can’t see the future and predict when an aging system may fail.
- No home is perfect– Even newly constructed houses can have issues. Some home buyers make this mistake of not having their new house inspected by a professional.
- It’s not pass or fail– The home inspection report gives you all the details you need to help you make a decision whether or not to proceed with the sale of the home, negotiate with the seller to have the issues fixed or to reduce the purchase price.
The Bottom Line
The home inspections can reveal problems that you may negotiate with the sellers to fix before the closing or before you move in. It may cost you some money, but you’ll be glad you did it because, in the long run, every penny spent is worth it. Home inspection can give you peace of mind that the home you are about to move into is safe and in a good shape.