Home Inspections

Real Estate

Home Inspections

Atop the long list of items to do when buying or selling a house is the home inspection. But what is involved? How much does it cost? Why is it done in the first place? It’s important to understand what a home inspection entails and how it affects the sale of your home or the purchase of a new one. The more you know, the less likely you are to get ripped off or taken by surprise.

 

What is a Home Inspection?

First of all, let’s clear up a commonly misunderstood point: a home inspection is not the same as an appraisal. An appraisal is an estimate of a property’s overall market value. A home inspection is much more detailed and practical. It is also not a code inspection and therefore does not report on building code compliance or give a “passing” or “failing” grade. It is defined as an objective visual examination of the structure and systems of a home by an impartial, neutral third party not related to the buyer or seller. In layman’s terms, it shows you what’s wrong with the property you want to buy or sell and if it is serious enough to prevent a sale.

The three main points of the inspection are to evaluate the physical condition of the home, including structure, construction and mechanical systems; identify items that need to be repaired or replaced; and estimate the remaining useful life of the major systems, equipment, structure, and finishes. Bottom line: a home inspection is to inform the buyer of any readily visible major defects in the mechanical and structural components, and to disclose any significant health or safety issues.

Is the Home Inspection the Same As An Occupancy Inspection?


No an occupancy inspection is preformed by the local municipality or the fire protection district. The occupancy inspections will check for any code violations and make certain the home is safe for occupancy. The home sale agreement may request that the seller preform these inspections. Ask your real estate agent for details.
 

 

What Does a Home Inspection Cover?

A home inspection includes a visual examination of the house from top to bottom. There are hundred of items a home inspection covers, including general structure, flashings, basement or lower level, framing, central cooling and heating, chimneys, plumbing and electrical systems, drainage, bathrooms and laundry facilities, foundation, common safety devices, fireplaces and wood stoves, kitchen and kitchen appliances, general interior, attic, insulation. ventilation, roof, and exterior.

An inspector cannot report on defects that are not visible. For instance, defects hidden behind finished walls, beneath carpeting, behind storage items and in inaccessible areas, and even those that have been intentionally concealed. Systems that are seasonally inoperable (swamp coolers, air conditioning, furnaces) will not be turned on during the inspection.

 

How Do I Find an Inspector?

To hire an inspector, get recommendations from your real estate agent or from friends and family. If you don’t know anyone who has hired a home inspector, you can find home inspectors in the Yellow Pages category “Home Inspection Services.” When interviewing inspectors, be sure to ask for references and any memberships in professional associations. Find out about the inspector’s professional training, length of time in the business, and experience.

It’s a good idea to be present during the inspection for a couple of reasons: First, you can ask the inspector questions during the inspection. Also, the inspector will have the opportunity to point out areas of potential trouble, which will mean more to you if you see it with your own eyes than read it in the inspector’s report later. Many inspectors also will offer maintenance tips as the inspection progresses.

 

Is the Seller Obligated to Make Suggested Repairs?

The seller is not required to make any repairs, replacements or maintenance since this is not a code inspection. However, the buyer can use the inspection report as a negotiating tool. For instance, if certain repairs or replacements are made, the buyer might offer to pay more, or if they’re not, the buyer can bid lower.

Also, never allow an inspector to contract with you to make repairs he/she has suggested — this is a major conflict of interest, not to mention unethical. However, some inspectors do offer a guarantee or warranty on their service for an additional fee, although it is not a standard practice and not required.

 

How Much Does it Cost and How Long Will it Take?

Remember that a thorough, accurate home inspection takes time. The last thing you want to do is to try to hurry the inspector along. The inspector’s most important priority is accuracy, and accuracy takes time. The chances of mistakes and missed conditions are much more likely the more the inspector rushes through. Expect your home inspection to take anywhere between two and five hours (allowing about one hour for each 1,500 square feet of living space over 3,500 square feet). Of course, older homes will take longer than newer ones.

Expect your inspection to cost anywhere from $200-$500 depending on size. The cost is worth it and may be one of the most important investments you make when buying a home.

 

Should I Be Present For The Inspections?

If at all possible, it is a good idea for you to be present for the inspections. This way the inspector can show you and explain any issues uncovered during the inspection.

 

What Inspections Should I Have?

This is a good question, it is depended on the home and location. The most common inspections beside the building inspection are:
1. Termite/Pest
2. Radon
3.Sewer Lateral or Septic and Well - depending on your home's location
4. Gas- Natural or Propane -depending on if the home has gas service

These are the most common but not the end all for inspections. If you or your real estate agent feel a certain type of inspection is necessary, ask the home inspector if they offer it and for other types of inspections they offer. This will help give you peace of mind about the home you're about to purchase. 

FYI - Some home inspectors can and will set up the additional inspections for you. They may even collect payment for the other inspectors, saving you the hassle of payment on each inspection requested. Be sure to ask the home inspector of your choice if they offer this service.