The home inspection phase is a pretty exciting time in the home buying process!
Buying a home is a huge investment and one of the most important purchases you will make. This is your chance to make sure you understand the condition of the home.
Wikipedia defines a home inspection as a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections.
A good idea and worth the peace of mind, a home inspection is an inexpensive way to determine the current condition of the home and is typically performed after an offer has been accepted. Inspections should be performed for existing homes and new construction as a home inspector can uncover potential defects or improper installation of systems regardless of age. Refer to the inspection and resolution clause of the purchase and sale agreement for the length of time you have to perform all inspections.
You should choose a home inspector you trust and who is licensed. The inspection process takes roughly two to four hours and is usually attended by the buyer, home inspector and buyer’s real estate agent.
The cost of a home inspection can range from $300 to $500 depending on the size of the home and location and is typically paid for by the buyer at the time the service is rendered, as it benefits the interests of the home buyer.
The purpose of the inspection is to find any defects or safety hazards throughout the home in areas such as the foundation, roof, HVAC, plumbing, electrical, and appliances. There may also be a need to inspect the environment, pools & spas and septic & wells if those systems are present. You will have the opportunity to walk through the home with the inspector and ask any questions you may have pertaining to the home and its integrity. The home inspector will then provide a detailed report that can be used to negotiate necessary repairs.
If you are planning to sell your home, a pre-listing home inspection can be performed before the home is listed on the market. This inspection, paid for by the home seller, provides a written report to the seller as to the condition of the property and can uncover issues that may compromise a sale. This type of home inspection allows the seller time to perform necessary repairs before the home is made available for sale.
If there’s a subject concerning home inspections that I didn’t cover or you have a specific question, let me know in the comments.