The Stearns Team

What you need to know about home inspections

Real Estate Investment in Vijayawada Near Gannavaram

 

Buying a home is expensive enough, why pay more in the future for unrepaired damage?

Home inspections are crucial in buying and selling a home because this will affect the value of the property itself.

Overlooking this step especially in home-buying will give difficulties in the future.

Here are some ideas that can help you:

  1. What is a home inspection?

According to Paul Willig, a member of The National Association of Certified Home Inspectors, a home inspection is a non-invasive visual examination of a residential dwelling, performed for a fee, which is designed to identify observed material defects within specific components of said dwelling.

Components may include any combination of mechanical, structural, electrical, plumbing, or other essential systems or portions of the home, as identified and agreed to by the client and inspector, prior to or during the inspection process.

  1. The difference between a home inspection and a home appraisal.

“A home inspection is primarily intended to protect the prospective buyer from purchasing a home with structural defects and other major problems. The home appraisal is meant to protect the lender from paying more than the house is worth.”- Angie Hick

Research shows that more than 20% of people were confused by the difference between a house appraisal and a house inspection. Some will also think that home appraisals are just as comprehensive as a house inspection. Others will find home inspections unnecessary especially when it has a really good appraisal, but we still highly recommend getting both a home inspection and a house appraisal.

  1. The need to find a good home inspector.

A home inspector is the one that inspects the visible and accessible areas of the property to identify if there are any health/safety problems, positive/ negative conditions of the property and if there are any conditions that are in need of further specialized attention.

The roof, foundation, walls, windows, doors, insulation, basement, attic, electrical plumbing, heating and cooling systems are included in a home inspection. Examination of appliances and a report of any evidence of termites are also included.

However, they can only account for the variables present at the time of inspection.

  1. Be prepared for a home inspection.

“Any problem with the property will be uncovered during the buyer’s inspection, so there’s no use hiding it.” – Investopedia

Before selling/buying a house, there is a home inspection that needs to be conducted. A home inspection will affect the value of the property that is why we need to prepare for it.

Make sure you:

  • Turn on all utilities
  • Turn on the pilot lights
  • Arrange clothes and stored items for an accessible attic
  • Do not block entrances
  • Have accessible water heaters
  • Have accessible furnaces
  • Clear sinks, showers and bathtubs of dishes or personal items
  • Check if the built-in appliances are free of stored items and can be operated
  • Unlock electrical panels and place them within your reach
  • Check the areas or items that are going to be inspected if they are freely accessible
  • Know if pets are safeguarded

FYI’s:

**Expect the home inspection to last two to three hours. Always attend to the home inspector in order to educate yourself about your home’s current state. The inspector will answer your questions during the inspection.

**For liability reasons, home inspectors do not change the position of the personal belongings.

**If inspectors have to return to the home in order to inspect inaccessible items, most will charge an extra fee.

  1. Things you should remember to have a successful home inspection.

Be sure to attend the home inspection.

Be sure that the home inspector is well equipped. The home inspection engineer should be fully equipped with necessary engineering tools including electrical testers, a fuel gas and carbon monoxide detector, moisture meter, ladder, inspection mirror, flashlight, level, and other home inspection tools, etc.

Be sure to follow the home inspector and ask questions. No questions are foolish. Learn as much as you can from the home inspector during the home inspection.

Be sure that all of the following points are fully covered. There’s nothing more important than knowing that the home you are purchasing is structurally sound including the framing and foundations (that’s an important reason for retaining the services of a home inspection company licensed to practice engineering).

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