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Home Inspections:
What do you get? Are they necessary? Why should I pay for a
home inspection? Isn't that something the buyer's usually pay
for?
Buyer’s often feel a home inspection isn’t necessary especially
if they are buying new construction. However, even new
construction can have problems that are not readily
identifiable. It would be hard for you to know if the furnace
leaks carbon monoxide or the chimney is failing. Building
contractors make mistakes too, so it is important that each
place gets a thorough inspection especially because of the
amount of money you are investing to purchase a property. A $400
home inspection will provide great piece of mind when spending
hundreds of thousands of dollars on a home purchase.
Home inspectors can differ dramatically from state to state on
how they perform an inspection. Much depends on the home
inspector and which association, if any, he belongs too. If
would be advisable to ask your real estate agent for the names
of a few reputable inspectors in the area to interview. A good
inspector may save you thousands of dollars down the line.
Inspections will not report on everything that is in good shape
but notes will be made on any defect that needs attention
especially when there is moisture or drainage problems,
foundation deficiencies, problems with the furnace and air
conditioning, roof defects, and any health and safety issues. A
general home inspection check list will include structural
elements dealing with the construction of walls, floors,
ceilings, roof and foundation. It will also include an exterior evaluation of siding, landscaping, grading,
drainage, driveways and pathways, windows, electrical lighting,
trim, doors, and fences. The roof and attic will also be
on the check list. They will look at the flashing, gutters,
ventilation, and type of construction. The plumbing will
be inspected by looking at the type and condition of pipe
materials used. They will check the toilets, showers, sinks,
faucets and traps. Systems and components will be on
their list. This category will include water heaters, furnaces,
air conditioners, duct work, and any fireplaces. In ground
sprinkler systems may or may not be inspected. The electrical inspection will include the main panel, circuit breakers,
grounding, light fixtures, fans, and all outlets to see if they
are operating. All appliances will be checked to see if they are
operating properly. This includes dishwasher, range, oven,
microwave, garbage disposal, and smoke detectors. The garage will also be inspected with the same scrutiny as the house.
Be aware that a home inspection may not identify asbestos,
radon, methane, radiation, formaldehyde, mold, mildew, fungi,
wood-destroying organisms, rodents, and lead. A specific license
to inspect for these elements may be required. When interviewing
inspectors be sure to ask what all they will inspect for you so
you know what you are paying for. A good inspector will climb up
on the roof to evaluate, as well as climb in the attic and under
the house. It is well worth the money to find out what you are
getting in to. If there are problems you were not aware of when
making the offer, it allows you a chance to re-negotiate with
the seller on how to solve the problems.
Lastly who usually pays for a home inspection? Well the buyer
will pay for their home inspection but many times I will advise
my sellers to purchase their own home inspection prior to
listing their home. The goal is to nip any problems in the butt
early on. This way when it comes to negotiating a deal down the
line the buyer will have little negotiating power because you
will know exactly what, if anything, is wrong with your home.
Also, in many cases the buyer will not end up paying for their
own home inspection if you furnish them the one you paid for.
This helps with the sale too. Getting inspections before selling
a home usually pencils out nicely because it prevents buyers
from trying to negotiate further after the home inspection. Also
depending on the home problems it will help the real estate
agent with pricing.
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