You’ve found perfect home.
It’s got everything you want and more. It looks like it’s in excellent condition,
but merely looking like it’s in good condition is not enough when it comes to
such a huge financial decision.
To make sure you’re not buying a money pit, you need a
professional home inspection before you commit.
An inspection should uncover any potential issues so you
have a complete picture of what you’re buying.
Find a Home Inspector
Many first-time home buyers don’t realize that it’s their
responsibility to hire a home inspector. Make sure you make your offer
conditional upon inspection or get one done before you make a bid.
Interview potential inspectors before hiring one. Ask
about their experience and whether they’re familiar with the type of home
you’re buying. Find out what will be
included in the inspection and report.
What's Looked At
During a home inspection, the inspector should thoroughly
evaluate the physical structure of the home as well as critical internal
systems. You should make sure the examination includes the following:
● Electrical system
● Plumbing system
● Heating and cooling systems
● Radon detection equipment, if applicable
● Walls, ceiling and flooring
● Windows and doors
● Roofing
● Foundation
● Basement
● Attic
● Insulation
While an inspection will give you an idea of a house’s
overall condition, it might not uncover hidden problems such as pests, mold or
asbestos. It also won’t turn up flaws in areas that are below ground or
otherwise inaccessible to the inspector, like wells and septic tanks. To
identify those types of problems, you’re going to need additional professional inspections.
What Should You Do During the Inspection?
You should make every effort to be present when the
inspection is taking place. You can follow the inspector around the house and
ask questions so you can learn more about your potential new home. If you can’t
make it for the inspection, you should meet with the inspector to go over the
report in detail.
If you have questions about potential issues or how to take
care of parts of the home, feel free to ask the evaluator. Take care, however,
not to get in the inspector’s way. Don’t start inspecting the home yourself,
either. If you test a sink while the inspector is testing a shower, for
example, you might alter the results.
It’s also important to remember that “an inspection is only
a snapshot in time on the day of the inspection. So if
you’re buying a house in the middle of summer, try to consider how the home
might perform in different conditions, like the winter or fall.
Inspection Report
Once the inspector completes an evaluation, you will receive
a report with the inspector’s findings. Don’t be alarmed if you see a lot of
deficiencies noted. Home inspections are detailed, so reports
often include between 50 and 100 issues, most of which are relatively small.
The report should include information about how severe each
listed problem is, plus estimates on how much it would cost to fix each
problem.
If the inspection finds more problems than you’re
comfortable dealing with, you can choose to back out of the sale or try to
negotiate to have the seller make the repairs or lower the price. If you’re
satisfied with the condition of the home or the shape it will be in after the
seller meets the arrangements of your negotiations, you can move into your new
home with more peace of mind.