A home inspection is an objective visual examination of the physical structure and installed systems, from the roof to the foundation. It is the equivalent of a doctor’s physical examination and lets you know what problems could potentially arise if you decide to buy the home. When problems or problems are encountered, the inspector may recommend a new evaluation or measures to be taken. For example: evidence of termites will surely determine a detailed pest inspection.
A satisfactory inspection is an important element for the purchase of housing. The buyer chooses a licensed housing inspector and pays inspection. Inspecting the home will cost an additional several hundred dollars, but it will give you the peace of mind to know as much as you can regarding the property.
Do I need a home inspection?
A home inspection summarizes the state of the property, highlights the need for major repairs, and identifies areas that may require your attention in the near future. Buyers and sellers rely on an accurate home inspection to maximize their knowledge of the property and to make smart decisions before entering into a sale agreement.
An inspection highlights the positive aspects of the house, as well as the maintenance that will be necessary to keep it in good condition. After an inspection, both parties are better aware of the value and needs of the property.
Landlords can use the inspection to identify ongoing problems and to learn about preventative measures that could avoid costly repairs in the future. If you are thinking of selling your home, an inspection before putting it up for sale allows you to better understand the conditions that the buyer’s inspector may discover and thus have the opportunity to complete the repairs that make your home more attractive in the eyes of buyers.
What does a home inspection involve?
A standard home inspection summarizes the findings found during visual inspection of homes:
- Heating system
- Central air conditioning system (with temperature control)
- Internal plumbing
- Electric systems
- Roof insulation, attic and visible
- Windows and doors
- Foundations, basement and visible structures of the house.
A negative inspection is a reason to withdraw from the transaction (provided you have included the contingency in your offer to purchase a real estate or in your purchase agreement) or renegotiate the price of the home.
When inspecting the home, be sure to check for termites, radon gas, lead-based paint, and asbestos as well.