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A home inspection is a great way to help you make a decision. Next steps for buying a home. It is possible to decide that you want the sale to be closed. You can negotiate the price, ask for repairs, or go back and find another location.
While you don’t have to schedule a home inspector, it could save you from serious problems in the future. An inspection will alert you to potential problems and help you decide if you want to purchase the home.
What is a Home Inspection?
A home inspector inspects the property to evaluate the condition and compile a detailed report. While they won’t give you an estimate of the property’s value, they can reveal any potential issues that could impact the value.
A home inspection usually takes only a few hours. The more extensive the house, the more time it takes.
The inspection is not mandatory, but you are welcome to attend. You can ask questions and observe the problems yourself by walking through the inspection with the inspector. Ask the inspector to give you a quick tour of the facility if you don’t have the time.
Don’t be alarmed if the inspector finds minor problems — if an inspection comes back with zero issues, your inspector probably wasn’t very thorough. You should pay attention to larger problems that could lead to big money or even threaten your safety.
What is the difference in a home inspection and an appraisal?
The schedules of the lender appraisalYou can schedule an inspection.
Home appraisersThe value of a house is assessed. Although inspectors won’t take notes on the home’s value, they will inform you about its condition.
When you are ready to make an offer for an appraisal, Apply for a mortgageThe lender may refuse to lend you money if the appraised value of the property is significantly lower than the listing price.
A closing inspection occurs after the seller accepts your offer.
When should I schedule an inspection of my home?
Schedule an inspection as soon after the seller accepts your offer.
The home will be yours for 30-60 days. Scheduling an inspection can take up to one week. You have more time before closing to request repairs and negotiate the price.
What should a home inspector be looking for?
The following items should be evaluated by the inspector:
- Roof
- Heating and air conditioner
- Plumbing
- Water and Sewage
- Electrical system
- Attic and basement
- Ceilings, floors and walls
- Doors and windows
- Foundation
- Safety concerns
These are the issues that an inspector can’t assess:
- Mold and mildew
- Termites and pests
- Asbestos
- Radon
- Lead
- Chimney condition
You will need to hire a specialist inspector if you wish to inspect these items.
What does a home inspector cost?
An average home inspection will cost between $281-$402However, the cost will vary depending on how big or small your home is. After they have completed the inspection, you will pay the inspector.
If the seller has made major repairs before closing, you might decide to close. You might schedule a re-inspection to ensure that the seller did a great job. Budget accordingly.
How do I find a home inspector?
For recommendations, ask your family members, friends, or your agent.
You can visit official websites including the International Association of Certified Home InspectorsThe American Society for Home Inspectors. The website HomeAdvisorA tool is also available to help you find an inspector.
To find the right fit, you might interview several inspectors. The US Department of Housing and Urban Development provides a List of questionsTo ask potential inspectors.
Do not forget that cheaper does not necessarily mean better. You want to ensure that the inspector does a good job so you can find the perfect home.
