Your protection is the number one reason to have a home inspection. A smart and savvy potential buyer knows the true pros and cons of their purchase before the ink is dry on final paperwork.
It’s expensive enough to buy a home. Imagine being in your new home for a week and the air conditioner unit fails to the tune of $4000. That would be a nightmare.
A contingency clause in the purchase contract for home inspection protects you from disasters by giving you the knowledge you need. The home inspector can identify major and minor problems before the purchase. It enables a buyer to walk away from major hidden problems within a home. Another advantage would be renegotiating before the purchase because of potential cost of repairs.
You should meet with the inspector at the home so he can reveal his findings to you. These inspections last several hours. Ask questions and get his opinions on concerns. He can also advise you on home maintenance issues.
A home inspection should reveal:
Major and minor problems with the home.
Recommended repair or replacement.
Future maintenance concerns.
Typical home inspections should reveal the following items inside and outside.
HVAC heating, ventilation and air conditioner—the inspector should check for age, function and recommended repairs. Insulation and duct work are also examined.
Plumbing—pipes; showers and faucets are identified and checked for leaks and water pressure.
Electrical—all outlets should be tested, and wiring identified for ground fault and safety of electrical panels.
Water Heater—condition, age and confirm proper installation of this system.
Fire Safety—smoke detectors and fire wall ratings between garage and home.
Kitchen—appliances such as the oven and refrigerator should be checked.
Laundry—ventilation and exhaust checked from fire hazard view.
Basement—moisture content and structure
Foundation--check for settling and cracks in structure.
Walls—soil examined for moisture content, cracks or missing exterior protection.
Lot grade--checked for slope that leads away from house.
Garage--check ventilation, frame, and garage door functioning.
Structure—safety, evidence of termite infestation.( note: termite letter is separate)
Roof—check for water leaks, flow from gutters.
Home inspectors aren’t 100% full proof. However obvious problems that are visible can be discovered with his expertise. The majority of home inspectors aren’t experts in repair or estimates so those issues should be addressed by a professional such as a plumber or electrician.
The initial money spent to hire a home inspector is a good investment. Exposing hidden problems can help you make an informed decision about the home purchase. Complete information can also give you a negotiating edge. Home inspections are well worth the investment.