A house inspection can reveal a lot about a property. It can also make the purchase process easier. However, it is important to understand what the inspector is looking for and how a home’s systems work.
You should always accompany the inspector during the inspection, which will help you to better understand the report and ask questions.
Preparation
When selling a house, the inspection process is a chance for both buyers and sellers to be reassured that everything is as it should be. For the seller, it also offers an opportunity to disclose known flaws and address any issues that might be a deal killer.
Before an inspector arrives, it’s best to turn on all the utilities and clear out anything that might obstruct a thorough examination. That includes cleaning the attic, basement, and garage, as well as removing items from closets and other storage spaces. If you have a shed or separate garage, consider moving items there temporarily.
Also, clear at least six inches of space around exterior walls to prevent wood-destroying insects from invading. Remove any dead plants or bushes and trim any overgrowth. Finally, check that smoke and carbon monoxide detectors are working and replace batteries as needed. Also, make sure remotes are located near fireplaces, ceiling fans, and light fixtures so the inspector can test them.
Inspection
Home inspectors do not typically comment on aesthetic issues, such as leaning walls or stained ceilings, unless the issue betrays a larger problem. They also won’t inspect the interior of a septic tank or other underground structures.
An inspector evaluates heating, cooling and plumbing systems, looks for leaky pipes and electrical problems and checks the foundation. In addition, they look at a roof and examine its condition, including missing or damaged shingles, cracks in mastic around vents and the integrity of the gutters.
If the inspector finds significant damage, it might be necessary to ask the seller for a discount on the price of the property or to negotiate repairs before buying. However, a well-prepared house in good repair can shorten the list of defects a report turns up and improve the chances of a smooth closing. This is especially true when sellers take the time to make repairs. A pre-inspection is an ideal way to ensure that all parties understand what they’re getting into and are prepared for future work and expenses.
Report
A home inspector’s report is a valuable tool for both buyers and sellers. Buyers use it to determine a fair asking price for the property and learn more about the maintenance that will be required to keep it in good condition. Sellers can use it to fix problems before they’re discovered by potential buyers, which can prevent costly surprises down the road.
Home inspectors aren’t looking for minor flaws, but they will note anything that isn’t functioning as it should. For example, they’ll mention leaking gutters and examine whether the roof has been damaged by weather or animals. They’ll also point out things like stained ceilings that might indicate a hidden problem.
Many real estate agents have relationships with certified home inspectors and can recommend one to their clients. It’s important to choose a qualified professional who only does inspections and doesn’t offer repairs or renovations. They should be bonded and insured. A reputable company will post their credentials on their website.
Closing
Depending on the situation, buyers may negotiate with sellers to pay for all or some of the repairs indicated in the inspection report. Buyers and their realtors should approach this negotiating from a position of common sense and compassion. The goal is to make sure that the buyers will be safe and comfortable in their new home.
Although laws vary by state, the vast majority of residential real estate transactions include a home inspection contingency. This allows the buyer to withdraw from the contract without losing their earnest money if they cannot reach an agreement with the seller over the issues identified in the inspection. For this reason, it is best to perform a home inspection prior to signing a sales contract. Buyers will have more time to gather contractor bids and may be able to find less costly solutions to problems. Moreover, the home inspector will ensure that the agreed upon repairs are completed properly.