A home inspection is perhaps the most important chapter in the home-buying process and can benefit both the buyer in understanding the condition of the house and the seller who wants to provide accurate disclosure information.
A home inspection typically includes an examination of the heating and central air conditioning systems, interior plumbing, electrical systems, the roof, attic, visible insulation, walls, ceilings, floors, windows, foundations, and basements. Some may also include appliances and outdoor plumbing. The typical cost of an inspection varies depending on the area, size of the home, and services the inspector is providing.
The inspector will make an Inspection Report, important in Real Estate transactions, as it is the only document detailing the home being bought and sold.
If you are selling your home, have an inspection done before you put your home on the market and you may avoid any surprises when potential buyers have a home inspector check it out. As the seller, you may choose to have any repairs made, using a contractor of your choice, without having to satisfy a potential buyer or you may choose to disclose the conditions you are not going to repair and protect yourself from liability of nondisclosure claims.
If you are buying a home, be there for the full inspection. The inspector will be able to answer any questions you may have about maintaining the house and discuss with you any potential problems. Include a proper home inspection contingency in your purchase agreement. If the inspector finds any major problems, you will need to negotiate with the seller to lower the price of the home or have the seller fix the problem. The buyer can rescind their offer if the seller is not willing to re-negotiate.
When buying a new house you may want to consider an inspection at the time the foundation is poured, another when the walls are up but not enclosed and a final inspection before closing. You will be paying for each inspection but you will also know if the builder needs to make any changes along the way.
Keep in mind, however, that home inspections are not a warranty or guarantee of the home.
