Purchasing a home is a monumental decision that can be exciting and daunting. There’s an essential step you’ll need to take before you sign on the dotted line: a home inspection. A home inspection is a crucial part of the home-buying process that could potentially save you a lot of heartache and money in the long run.
A home inspection is important because a home may look perfect at first glance, but have underlying issues that only a professional can identify. During a home inspection, an inspector thoroughly examines the home’s structure, systems and general condition. They’ll check the roof, foundation, electrical, plumbing, heating and cooling in addition to other “invisible” aspects of the home that may lead to issues if not addressed properly.
Know what’s covered and what’s not
Home inspectors follow a standard procedure, but it’s essential to know that not all inspections are equal. Some inspectors might have limitations based on local laws or their level of expertise. Commonly, they don’t inspect things like swimming pools, septic tanks or systems that aren’t easily accessible. If the property has unique features, you might need specialized inspections in addition to the standard one.
Act on the inspector’s findings
Once the inspection is complete, you’ll receive a detailed report outlining the inspector’s findings. The information can be a powerful tool in your negotiations with the seller. You can request repairs, a price reduction or even leave the deal if significant issues are uncovered.
Factor it into your budget
Home inspections aren’t free, so you should factor this into your home-buying budget. The cost can vary based on the property’s size and location, but it’s generally a few hundred dollars.
A detailed home inspection is an intelligent investment because the insights gained from an inspection can potentially save you thousands in repairs and potential troubles. If you learn of anything problematic, discuss how to proceed with the professionals assisting you with your purchase, as there are a number of ways to resolve challenges in your favor.