Why It Is So Important to Get A Home Inspection

When purchasing a home it is essential that you protect your investment.  One sure way to accomplish this is to have a home inspection of the property.  It is one way to point out flaws and let you know if you are making a sound investment.

When do I get one?

Once you have a home under contract then it is time to have it inspected.  Many states have time limits for this to be accomplished so it is vital to stay within your time frame.  If you do not, you are agreeing to buy the house “as is”.  You can still have an inspection, but you will have very little recourse if problems are found.

Finding an inspector

This is one area that you don’t skimp on.  Do not automatically go with the lowest price.  Thousands of dollars can be resting on the outcome so this is not an area where you cut corners.  Your lender will be able to suggest inspectors that they have working knowledge of.

You also want to make sure that your inspector is insured, bonded and have all of the necessary credentials, including a license.  Every state has their own designations to promote professionalism.  Inspectors who are members are willing to stay informed and remain up-to-date on their profession.

Make sure that you go over the total cost, what they will be inspecting and if there are any exclusions.  Ask how long a typical inspection takes, as a thorough inspection should take from 2-4 hours, depending on the size of the home.  Also verify with them that you will be present for the inspection

The inspection

The day of the inspection your inspector will meet you at the home at the designated time.  This is something that you will want to be present for, especially if this is your first home.  When they arrive, check their credentials- never assume or take anyone’s word for it.   A good inspector will have no problem with this.

Make sure to bring a pad of paper and a pen to take notes.  Your inspector will give you notes and advice as you go along.   This is information that will help you maintain the home.

After the inspection

Your inspector will provide you with a printout of the inspection.  It will cover all areas of the home in detail and list all of the discrepancies they were found.  This is what you will need to assess if the home is in good condition.

The inspector will always find problems, no matter how well it has been taken care of. You just have to decide if they are something that is a deal breaker.  Now you can negotiate with the seller on what you will ask for them to fix.

If they agree to repair or replace something make sure it is finished before closing and that they provide documentation of the work.  And everything should be noted in the sales contract, including dates.  Once the work is complete you may want to have the inspector make a return trip to verify the validity of the work.