Home inspection is a crucial step in the homebuying process. After finding the perfect house, you will want to ensure that there are no hidden faults that may require lengthy and expensive repairs or renovations down the line.
To prepare you for this process, here are the top four things you need to know.
1. The buyer is responsible for the inspection. Make sure you give yourself ample time to find a reputable, certified home inspector by asking for referrals from your real estate agent, friends, and family and do your research online. Plus, don’t forget to factor in the cost of the inspection into your budget.
2. Home inspectors are usually generalists. They will evaluate most areas of your home, such as the foundation, basement, plumbing, electrical systems, heating and cooling systems, walls, floors, ceilings, and attics. But, if your home is equipped with special features, like a pool or chimney, you may need to hire a specialist.
3. In our practice buyers are asked to meet with the inspection at the end of the inspection. This is an opportunity for you to get any outstanding questions answered regarding the condition of the house you are purchasing.
You have options if the inspection uncovers a problem. If the problems discovered are serious, like structural damage or safety issues you have the option to back out of the purchase without facing any consequences. You also have the option to submit a formal request for repairs and negotiate for the seller to cover some or all of the cost.