What is a home inspection:
A home inspection is a visual inspection of the structure and components of a home to find items that are not performing correctly or items that are unsafe. If a problem or a symptom of a problem is found, the home inspector will include a description of the problem in a written report and may recommend further evaluation.
Why is a home inspection important?
Home Buyers: When buying a home it is easy to get emotionally attached. Because of this, a buyer needs a home inspection to uncover all of the problems with the home before taking ownership.
Home Sellers: These days, more and more sellers are choosing to have a thorough inspection before listing their home for sale. It is very wise to have a home inspection for full disclosure. In doing so, you will have demonstrated that you did all you could to reveal any defects within the home. Also, you will save money and hassle by knowing now what the defects are, not after you have already negotiated a price and are faced with repairs discovered on the buyer’s inspection.
What if the report reveals any problems?
It is important to keep in mind that all homes have problems. Even new homes have problems that will need addressing. After all, all homes are man- made. But, for every problem there is a solution. The solution may be a simple fix of the actual component to adjusting the purchase price of the home. Either way, having a home inspection allows the problem to be addressed before the sale closes.
What does a home inspection include?
A home inspector's report will detail the condition of the home's heating system, central air conditioning system (temperature permitting), interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement, and visible structure. Some inspectors will also offer additional services not included in a typical home inspection, such as mold, radon and water testing.
What should I not expect from a home inspection?
It is important to keep in mind that a home inspection is in no way a protection against future failures. Components like hot water heaters, heating systems, air conditioning systems will eventually break down. The purpose of a home inspection is to tell you the condition of the components at the time of inspection. For protection from future failure you may want to consider a home warranty.
§ A home inspection is not an appraisal that determines the value of a home. Nor will a home inspector tell you if you should buy the home or what to pay for the home.
§ A home inspection is not a code inspection, which verifies local building code compliance. It is important to keep in mind that homes built before code revisions are not obligated to comply with the code for homes built today. Home inspectors will report findings when it comes to safety concerns that may be in the current code such as ungrounded outlets or above sinks. When a home inspector reports his findings, he is thinking safety, not code.
Should I attend the home inspection?
It never hurts to attend so the home inspector can explain in person and answer any questions that you may have. This is also an excellent way to learn more about your new home even if no major problems are found.
What is a Home Warranty?
A home warranty is simply for peace of mind. In no way is a home warranty intended to protect you against components that may fail in the future. You will probably have to pay a deductible when you have a problem. If you do choose to have a warranty, be sure and qualify coverage of your problem over the phone with the warranty company before they send a repairman. If you do not, you may find out that your problem is not covered and you still must pay the deductible or trip service fee. If you have a home inspection and you know your air conditioning system or another major component is old, you may be better off to buy a warranty before you purchase. It is very important to look very closely at what the warranty does not cover as you compare pricing and coverage.