What's a Home Inspection?

Real Estate

If you’re buying or selling a home, it’s important to understand what a home inspection entails and how it affects the sale or purchase of a house.

What Is a Home Inspection?

A home inspection is an objective visual examination of the structure and systems of a home by a neutral third party. The purpose is to shows buyers what’s wrong with the property and if it is serious enough to prevent a sale. (Note: An inspection does not concern code violations and therefore does not guarantee that the home is free of them.)

The three main points of the inspection are to evaluate the physical condition of the home, identify items in need of repair or replacement, and estimate the remaining useful life of the major systems, equipment, structure and finishes.

It is important to remember that an inspector cannot report on defects that are not visible, such as defects hidden behind finished walls or beneath carpeting, and inaccessible areas.

Hiring an Inspector

When you’re ready to to hire an inspector, get recommendations from your Realtor, or from friends and family. You can also find home inspectors on the Coldwell Banker Concierge website under  “Home Inspection Services.” When interviewing inspectors, be sure to ask for references and memberships in professional associations. Find out about the inspector’s professional training and experience.

It’s a good idea to meet with the inspector for a few reasons: you can ask the inspector questions about the report, the inspector will have the opportunity to point out areas of potential trouble, and many inspectors also will offer maintenance tips as the inspection progresses.

Making Suggested Repairs

The seller is not required to make any repairs or replacements. However, the buyer can use the inspection report as a negotiating tool. For instance, if certain repairs or replacements are made, the buyer might offer to pay more, or if they’re not, the buyer can bid lower.

Costs and Time Involved

The inspector’s most important priority is accuracy, and accuracy takes time. The chances of mistakes are more likely if the inspector rushes through. Your inspection will probably take several hours.. Older homes take longer than newer ones. Expect your inspection to cost from $200-$500 depending on size. It will be one of the most important investments you make when buying a home.

 

If you're looking to purchase real estate in Possum Kingdom, then let me recommend a home inspector that fits your budget!