Why Get a Home Inspection?
What to look for in a Home Inspection
Whether you are looking to buy or sell a home, you should always have a professional home inspection performed.
A home inspection gives you more than just peace of mind, it can help you identify the systems that make up your home such as:
- Structural elements, foundation, framing, etc.
- Plumbing systems
- Electrical systems
- Cosmetic conditions
- and, more!
Buying a Home
A home inspection is vital when buying a home, because it can reveal any potential issues or hidden problems before the deal is closed. A home inspection should be required at the time a formal offer is made.
Make sure the contract has an inspection contingency. Then, hire your own inspector and pay close attention to the inspection report. If you aren’t comfortable with what he finds, you can cease the offer.
Selling a Home
Likewise, if you are selling a home, you want to know about such potential hidden problems before your house goes on the market. Almost all contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. And most buyers are going to insist the inspection be professional, usually by an inspector they hire.
If the buyer’s inspector finds a problem, it can cause the buyer to get cold feet and the deal can often fall through. At best, surprise problems uncovered by the buyer’s inspector will cause delays in closing, and usually you will have to pay for repairs at the last minute, or take a lower price on your home.
It’s always better to pay for your own inspection before putting your home on the market.