Suppose you scored the house offer of a lifetime. In that case, it is only suitable to do a professional home inspection of your new property.
A home inspection is an important step when home buying. So, you must pay particular attention to this process.
Below, we will answer 10 of the most common questions that home buyers ask about home inspection. By the end of the article, you are expected to know more in-depth why a home inspection is essential.
Question 1: Why is it important to do a home inspection?
The reason why a home inspection is necessary is for safety. Most houses look fine on the exterior. But once you go deep into the wires, cable, pipes, and other parts that you do not see, you will be greeted by a horror-worthy site.
A home inspection protects you by ensuring that the house is livable. It ensures that the place you will buy is free of faulty wiring, structural damage, roof damage, water damage, and other possible nuisances. It is an essential home mission that can reveal potential issues in the future and safety hazards.
If you are thinking of skipping this process because of the upfront costs, also consider the inconvenience of having to shell out more in the future because you ignored potential risk factors early on.
Question 2: Am I required to do a home inspection?
No. No law says you are required to do a home inspection before buying or renting a house. If you are a new home buyer, you may mix it up with the appraisal, a requirement for mortgage lenders.
Appraisals are a professional, independent determination of the house’s current market value. It considers the recent sales in the neighborhood, the area itself, and other factors. Moreover, appraisals help lenders or sellers to know if your offer is justifiable.
Question 3: Can I DIY my home inspection?
No. Only a few of the homebuyers have a mere experience that would allow them to find damages in the nooks and crannies of a property. Even if the person has experience in the construction industry, it will still be challenging to inspect a home comprehensively.
However, you are encouraged to do your own “inspection” even before placing a house offer. Doing this will tell you how much you should pay based on the house’s current condition.
If it has damages, you can estimate how much you would have to pay to fix them in the future. And if it has minimal to no damage, then maybe you can offer a more reasonable price to the seller. Then, proceed to professional home inspection for deeper examination.
Question 4: What home aspects does an inspection cover?
Home inspections cover a lot of aspects, but not everything. Definitely, it will cover identifying if the house adheres to local building codes. Then, it differs once it moves on from there.
Usually, home inspectors visually check the home’s structural components, the roof, foundation, siding, drains, and plumbing fixtures. Also, the HVAC system, insulation, doors, outlets, lights, and windows do not escape the inspection.
Home inspectors look very particularly for possible moisture problems. Whatever they deem necessary for replacement or repair, they note it down.
To know what the home inspection covers, be familiar with the contract between you and the home inspection company. Remember: home inspectors are not obliged to take anything apart, climb into certain areas, or move anything. They usually see a general view of your home, so do not expect that they will be very specific when it comes to assessment.
In addition, you may also hire specialists to cover other aspects such as lead, radon, and pests. Even general home inspectors may be specialized in some of these and may offer additional charges for additional inspection matters.
Question 5: Who will pay the home inspector?
The buyer will pay for the home inspection fees. Consider the home inspector as a private consultant that you need for your home.
WatchDogs Home Inspectors’ inspection rates for homes up to 2,000 feet are reasonably priced at $295, which can change depending on the house area. This price includes a comprehensive home inspection report that analyzes what the inspector found out during the inspection. The report also includes a summary of risks, safety items, parts to repair or replace, and digital photos of the concerned area.
The inspector will walk you through your home and discuss some systems and possible areas of concern. Then, the team will send the report on the next business day.
Question 6: Who should attend the home inspection?
Typically, the inspector, the buyer, and the buyer’s agents are the ones who should attend the home inspection. Although you are not required to attend your home inspection, you are highly recommended to see the home inspection yourself. By attending, you will know more about the home and have your questions answered by the home inspector in real-time.
Question 7: What happens if an inspection reveals a problem?
There are three things you can do when the inspection reveals a problem: Accept it, offer a lower price to the seller, or make a pass.
If you think you can shoulder the repairs, then you may push through with it. Sometimes, if the damage is too severe, you may ask the seller to fix it for you as part of the sale. Or, if you think the repairs will exceed your allocated budget, then you can just cancel the sale and look for a better option.
When negotiating with sellers, make sure that you are also reasonable with the prices. Your agent can be a mediator when it comes to these matters.
Question 8: What if the inspector missed a significant area of concern?
It depends on the contract. Some contracts contain clauses that limit the liability of an inspector to the cost of the inspection. However, most contracts have errors and omissions insurance, which is mandatory in some states. Sometimes, inspectors self-insure.
The best solution to avoid “misses” is to hire a skilled and reputable inspector.
Question 9: Can inspectors do repairs?
No. Even though the inspectors know how much your repairs would cost, it is not their job to fix these for you. So, do not expect them to repair the damages they have found.
Question 10: How would I know if the inspector is good?
Not all states require licenses from home inspectors. But, you can look for their certifications in these organizations:
- International Association of Certified Home Inspectors (InterNACHI)
- American Society of Home Inspectors (ASHI)
Exercise due diligence in hiring home inspectors
Hopefully, this blog helped answer your home inspection questions. Remember to be diligent when choosing the best home inspection company because they hold your home’s future. If you want to live in your new home comfortably, get an inspection!