Why Are Home Inspections Important?
A home inspection is an all-encompassing examination of the condition of a home. The home inspection process is often but not always performed at the time of the sale of the home. A home is one of the most important purchases one will ever make. A home inspection is an inexpensive way to discover the universal condition of a home. It is important to conduct a home inspection to avoid a costly mistake by purchasing a property in need of major repairs. Even if you think you have found a “dream home,” it is a home inspector’s responsibility to let you know that your “dream home” may not be just right.
A certified home inspector is a professional who will conduct an inspection of the general condition of the home. A good home inspection will assist a buyer in understanding exactly what they are about to acquire. A home may look move in ready, but an inspector will cover features of the house such as electrical wiring, plumbing, roofing, insulation, as well as structural features of the home and may unveil issues that are not noticeable to the buyer’s eye. As a buyer, you are making a vast investment, and it is important to understand exactly what you are purchasing. Having a certified home inspector conduct a thorough inspection of the prospective property, could be compared to taking out an insurance policy against all potential operating costs.
There are many different types of home inspection processes that you may want to conduct before the purchase of a home. First and most importantly, you would need a general or residential inspection performed on the home. The certified home inspector would inspect the structure, exterior, roof, electrical, plumbing, HVAC, interior, insulation and ventilation. Once the inspection is completed, the home inspector will generally provide the buyer with a report suggesting any improvements or repairs deemed necessary to bring the home up to current standards. Home inspections may often reveal problems with a home that could be pricey to fix. This could be used as a great tool in purchasing negotiations with the seller. As the buyer you may be able to negotiate the price dependant on what the inspector has found. If flaws were found within the home, the buyer now would have a couple more options in negotiations. A buyer could negotiate a credit with the sellers, have the seller pay for repairs before the closing, purchase the home as is, or walk away from the purchase if the issues seem too problematic.
Another home inspection process a buyer may want to have before the purchase of a home would be a termite/wood destroying organism inspection. This certified inspector would check for signs of structural damage caused by wood boring insects. These insects may cause problems down the road. A general home inspector may perform this inspection for an additional cost, or recommend a WDO/WDI inspector to the buyer.
A home inspection will definitely give the buyer peace of mind and put the buyer’s mind at ease that the home is in good shape. It can also become a negotiation tool in closing, and could inform the buyer of potential future maintenance and upkeep. A seller of a home may also request a home inspection before the home is put on the market. This may assist the seller in setting a price, correct any issues with the home before it is put on the market, or merely having a pre-inspection report available for buyers informing them that the seller has nothing to hide.
There are many reasons to have a home inspection on your new home. Here are some of those reasons.
Buying a home is a big commitment, but one well worth the investment. Once you have a home in mind, a lender supplying you with the right loan, and have made an offer that the sellers have accepted, the next step is to have a home inspection conducted.
There are many reasons why having a home inspection is so important. Think of it this way: would you invest $100,000 of your own money into a stock you knew nothing about? Probably not. Chances are you’re spending more than $100,000 on your new home, so, as you would with any other investment, you should learn all you can about the home before you hand over the money.
Professional home inspectors have a general knowledge about everything associated with a house. Typically your real estate agent will recommend a home inspector who has been in business for a while and has built himself a good reputation. However, most agents will not recommend an alarmist who may cause the deal to fall apart unneccessarily, so make sure you speak to your agent about what you expect with the home inspection.
Inspectors will tell you about future issues as well as present ones. The inspection will inform you of any issues that need to be addressed while the home is still pending. These are issues you may want to ask the seller to correct before you agree to purchase the home. But the inspector can also inform you of future issues so you know what you may need to take care of 5 -10 years down the road. These future issues are typically caused by general wear and tear on the home, so they are not the current seller’s responsibility. But as the future home owner, you will obviously want to know if you will have to replace a $10,000 roof in a few years. Awareness of these future issues can help you to save money immediately and prepare for the taking corrective action towards an issue.
Remember to keep the report and take notes when you accompany the inspector. Most can be very helpful when it comes to learning all you can about your home. If the inspector recommends an additional inspection, follow his suggestion.Remember, they are professionals that usually know about everything in the home. If the inspector comes across something he doesn’t know about or needs further information on, he might recommend you hire another professional inspector with just the sort of expertise needed for a specific concern. These specific situations may require, for example, a pest inspector, a roof inspector or a septic inspector, just to name a few. They can save you thousands of dollars in the future–well worth the initial few you will have to pay for their expertise. Think of the following situation: Your general inspector recommends that you hire an expert in septic system inspection. This expertise will cost you $800 up front. The septic system inspector informs you that if you move into the home, you will have to replace the septic system, at a cost of approximately $12,000, in just a few years. Certainly we can agree that saving $11,200 is worth the $800 to hire the expert. All that being said, if your professional inspector does not recommend an additional expert, he probably has not come across anything that concerns him, and you are likely moving into a well-maintained, problem-free home.