The Value of a Home Inspection

What’s the first thing you should do if you’re shopping for a new home and your offer is selected? Celebrate! You’re on your way to homeownership! That’s a significant moment and there are more to come, including the home inspection.

What Information does a Home Inspection Provide?

Purchasing a home is one of life’s biggest investments and the home inspection could help you confidently move forward. During the inspection, a trained home inspector visually examines the house’s physical condition and structural integrity. After their assessment, they produce a home inspection report that provides information about any issues, out-of-code systems, or potential repairs needed down the road.

Every home is different; the ultimate demands of the inspection process might vary between homes. There are a few general items on a home inspection checklist:

  • Heating and cooling systems
  • Electrical and plumbing
  • Attic, basement, insulation, and roofing
  • Doors and windows
  • The foundation and related structural elements

The home inspection report is ultimately a tool to help you answer one question: Is the home in good shape?

What to do with the Home Inspection Report

 The home inspection is complete. What now?

Your real estate agent can help you navigate the home inspection report and address its findings. As part of your purchase agreement, you’ll likely negotiate with the seller to repair any issues or out-of-code systems. Also, if your home is a new build you might resolve issues with the builder.

Touch up paint or an out-of-code water heater might not make you rethink your purchase, but other issues could. It’s important to be cautious of major issues that could affect the future value of the home, or the health and safety of your family.

Consult your real estate agent if you need advice or support after receiving the report. 

Hire a Home Inspector You Trust

Do your research when choosing a home inspector. It’s a good idea to hire someone familiar with the types of residential properties found in your region. Your real estate agent, other homeowners, or online resources like the American Society of Home Inspectors (ASHI) have reputable recommendations. Review sites can offer additional insight into other’s experiences, which can help you decide who to use.

 

A home inspection is a valuable tool for homebuyers. It provides important information about fixes that can be negotiated with the seller before the purchase it complete. Most importantly, a home inspection provides peace of mind about your big investment. It confirms that the dream home, is indeed, a dream come true for you and your family.

 

Home Buying   /    August 12 2020
Buying Vs. Renting: What is Right For You?

This year, home transformed from being a hideaway from reality to becoming a workspace, fitness center, exclusive dining area and everything in between.

Read more
Home Buying   /    July 13 2020
An Inside Look at Closing Your Home Loan Remotely

Ever wonder what it’s like to close your home loan remotely? Is it easy and convenient? How do you prepare? Find out more about how it works.

Read more