The home inspection isn’t just another item on the checklist it is a physical exam of the structure and systems, from roof to foundation
It’s an in-depth review of a property’s condition by a professional inspector, they check systems like plumbing, electrical, home heating, central air, roof, attic, insulation, walls, ceilings, floors, windows and doors and electrical, ensuring that everything is up to code.
Knowing the true condition of your potential home can save you from costly surprises down the line. Your real estate real estate agent, friends, or family can recommend a qualified home inspector. Ensure that whoever you choose is licensed, insured, and comes with a solid track record of honesty and thoroughness.
Preparing for a Home Inspection
Your offer on a home has been accepted, and now it’s time to schedule a home inspection. This is where the inspections helps you to understand the condition of your new home.
A thorough home inspection covers a multitude of areas. The inspector should have access to the roof, basement, attics, and all mechanical systems. These include the HVAC system, plumbing, electrical systems, and appliances. The inspector will also evaluate the structural integrity of the home, looking for any signs of settling or foundational issues.
Having the right documents on hand can streamline the inspection process. The real estate can help you gather any existing warranties, owner’s manuals, and records of past repairs or maintenance from the current home owner. This information can provide valuable context for the inspector’s findings.
Although the homebuyer doesn’t need to be present during the home inspection, it is highly recommended. Being present allows you to observe the inspector’s findings and ask questions as they arise. Being present and asking questions can help you make an informed decision about your investment.
You have the right to know every detail about the condition of the home you’re about to purchase.
Interpreting Inspection Results
When the inspection has been completed you will receive an inspection report (usually within 2-3 days).
The report is extensive, covering everything from roof condition to electrical systems. You might see notations like ‘serviceable’ or ‘needs attention’. Your focus should be on ‘major defects’ that could require hefty investments.
Some common findings include old roofing, faulty wiring, or inefficient heating systems. While these aren’t uncommon, gauging their severity is crucial. ‘Major defects’ often indicate safety concerns or items that can lead to significant financial strain.
The inspector’s goal is to give you an in-depth knowledge of the home so you can make a solid decision as you continue with the homebuying process.
Making Informed Decisions
Read through the inspection report carefully, noting any major concerns. These are issues that could require significant investment or pose safety hazards, such as structural integrity, electrical systems, and the condition of the roof.
Don’t hesitate to ask your inspector to clarify anything that’s unclear. Their insight can help you prioritize issues.
Next, decide what, if any, repairs you will request from the seller. Remember, it’s a negotiation. Be prepared to compromise, but also know when to stand firm.
Consider seeking further evaluations from specialists if the report identifies potential red flags in areas like the foundation or mold presence. This way, you’ll have a complete picture of what you’re handling.
Finally, think about the long-term. Even if you’re not asking the seller to fix everything, use the inspection report as a blueprint for future home maintenance.