One of the worst nightmares in Real Estate is to pay so much for a property and then discover a million and one things are wrong with the purchase. Sometimes, when a property is for sale, its being “dressed up” to accentuate its best features and minimize its potential flaws.
This is why inspections are recommended before you pay for that property. Here are a few things you should know about home inspections.
Buyers Are Responsible for Inspections
Home inspection will be to your advantage and not the seller at the end of the day. It is the buyer’s responsibility. This means that you will hire the home inspector, have the inspections completed within a reasonable amount of time, and shoulder the cost.
Get a Certified Inspector
A contractor is different from a home Inspector. They are trained to identify specific problems contractors may not be able to, so there is a need to get a qualified home Inspector in order to get the job done.
Your realtor may assist in searching for one.
What Home Inspections Cover?
Basically, home inspection covers the following:
- Foundation and basement
- Any additional structural components
- Interior plumbing systems
- Interior electrical systems
- Heating and cooling systems
- Condition of windows
- Condition of doors and door frames
- Condition of floors, walls, and ceilings
- The attic and any visible insulation
What Home Inspections Don’t Cover?
There is a limit to what a home Inspector can check. Some are listed below:
- Inside the walls
- Roof or chimney repairs
- Septic tanks
- Wells, sheds, or additional structures separate from the main house
You Should Attend Inspections if You Can
Your presence will reduce the back and forth in reaching a conclusion. Most home inspectors even recommend that buyers attend their property inspection. If you are present, you can also ask questions in real time.
Request a Report
All the findings must be documented and handed over to you for proper record keeping.
Repairs After Inspections are Negotiable
Unlike paying for the inspection, who pays for the necessary repairs is up for discussion. Luckily, buyers have the upper hand in this scenario, especially if the repairs are extensive.
You Can Walk Away
If the report features something truly catastrophic like toxic mold or severe structural damage which you are not willing to deal with or even negotiate, you can walk away.