The importance of home inspections in the home buying process
Most home buyers want their next home to be in very good condition. The problem is that it can be very hard for the untrained eye to fully inspect a home for any of the potential underlying issues that may be present. That's why it is important to hire a professional to come out and properly inspect the property. Home inspectors help provide peace of mind about the investment you make in your new home is a successful one from the start.
What is a Home Inspection?
According to the American Society of Home Inspectors a home inspection is a “visual examination of the physical structure and systems of a house, from roof to the foundation.” Standard home inspections include a review of the home heating and cooling system, interior plumbing, electrical systems, roofing, doors,windows, walls and foundation. Inspections can also cover areas such as appliances, garages and basements. With so much covered under one inspection, you can understand why it is so important to make sure you have your future home inspected by a professional before you sign any paperwork.
Who Should You Hire?
Similar to most purchases, it’s important to do your research before you hire a home inspector. Look for a certified general contractor or home inspector in your area who is able to inspect all the major systems throughout the home. As the buyer, you want a home inspector who will be brutally honest with you so that you know the exact condition of the property. Unsure who to hire? Ask friends and family for suggestions. Your realtor may also have a company they recommend. Look into how long an inspector has been a professional and whether they have any certifications in their field. Although certifications are not a requirement in every state, they can still be a great indicator of an inspector's training.
The Day of the Inspection
Home inspections typically last about 3 hours and cost between $200-$500, depending on the size of the home. Although attendance is not mandatory, we always recommend the buyer be present during the inspection. Doing so will give you a first hand view of what is going on within the house and allow you to ask questions on how to resolve issues of concern. After the inspection is complete, a written report is given to both the buyer and the seller.
What is Not Included in a Home Inspection?
There are several areas general home inspectors do not cover. Home inspectors are not qualified to look for harmful materials such as lead, toxic mold, radon gas and asbestos. They are also not exterminators and as such won’t check properties for pests. Outdoor items like pools and septic tanks will not be reviewed. It is important to remember that inspectors can’t see through walls. While inspectors are careful and comprehensive, if they can’t see it, they can’t report it. For these additional items, separate professionals are needed for more specific inspections.
At Equity Bank, we understand that purchasing a house is a big step in your life and we want to be there for you every step of the way. Your home is where you will grow and make memories. Make sure that it’s ready for you!