If you are thinking about buying a home, don’t forget the home inspection. This process is an important part of making the transaction go smoothly. Of course, you have the option of not having one done, but most real estate professionals will encourage you to do so to protect your best interests. After all, once you buy, it’s not as if you can return your home if you are unsatisfied. Fortunately, we are here to help and provide you with solid and reliable information when you do make that big purchase.
One good reason to have a home inspection performed is for the sheer fact that if there are many defects found, you have the option to back out of the deal, usually free of a penalty within a certain time frame. This should be drawn up in the contract written with your realtor, so you have the option to do so. You won’t want to purchase a home that has so many repairs or issues, that you break the bank before you even move in! A good inspector should take about 2-3 hours to go through the home with you by their side, and give you a written and verbal report with documentation.
Here are some items they will inspect for, but not limited to:
EXTERIOR: walls, foundation, grading, garage, roof, basements, termite/ wood destroyers, driveways, cellars, attics, and siding
INTERIOR: plumbing, electrical, heating, cooling, water heater, appliances, laundry room, fire hazards, bathrooms, and chimneys
TOXINS: radon testing, carbon monoxide, mold and mildew, and pests
Most home inspections cost range between $300-$600, depending on the size of the home. Since buying a home is such a considerable investment, the amount of money it costs for a home inspection should help make it easy for you to have an inspection. Even if you feel extremely pleased with the home you’re purchasing, never underestimate what could potentially go wrong or what could have been cosmetically hidden during the open house. Always protect yourself and your future investments.
Once the home inspection is completed, you will have the opportunity to petition for repairs to be made by the homeowner or the cost of repairs deducted from the price of the home. They will then have the opportunity to agree or disagree to the requested repairs and/or price reduction. Without a certified home inspection, you will not have the chance to petition for anything from a seller. Having this kind of leverage is another reason why having a home inspection when buying a home is recommended.
So, remember, if you are buying a home, don’t forget the inspection. The peace of mind is worth every penny and can save you a lot and heartache in the end. Know your rights, be a proud homeowner and always remember that a thorough home inspector can help provide a safe and happy new home for you and your family.