Should I do a Home Inspection?
It is a regular occurring in the US real estate industry for the prospective buyer to get the home that he intends to purchase inspected before he signs on the dotted line. There are a multiple professional agencies which carry out this activity for a nominal fee. You may have to shell out anywhere between 300$ to 600$ for availing the services of a home inspection agency. Getting the home inspected has numerous advantages for the prospective buyer and it is an important aid that the buyer has to be aware about any inferior quality and shortcomings which are not obvious during the course of his normal physical inspection. Most buyers are not very aware of the various grades of material used in construction or the technical aspects of construction. The home inspection agency would make sure that the service recipient understands the report that they present at the end of their exercise. The detailed report would cover all aspects that need your attention. The report furnished by the inspection agency could sometimes be critical to the closure of a sales transaction. The typical coverage done by a home inspection agency would include:
- Structural Engineering and design.
- Exterior Valuation
- Roof and Attic
- High value Electrical components and fittings
It should not come as a big surprise to you that home inspection are not only carried out for pre-owned homes but for newly constructed homes as well. Most of the reports furnished by home inspectors would throw up some elements which need improvement and corrective action for new homes as well. As a prospective buyer, discuss the report in-depth with the home inspector, segregate the various shortcomings highlighted in the report into a minor or a major deficiency. You must present the contents of the report with the seller, share your concerns and more often than not, the seller would take the necessary corrective steps. Unless the home inspectors report has some red flag, do not shy way from the deal but certainly take it up with the seller to get all the minor repairs done.
Utilize the services of a professional and certified home inspection agency which is respected and trusted in the industry. Check to ensure that the agency has a valid license to carry out the necessary inspection related work. The home inspection agency that you opt for should be a member of the National Association of Certified Home Inspectors (NACHI). The inspection carried out by such agencies would be in accordance with the stringent norms of NACHI. Keep yourself available during the time when home inspector does his job to learn from this exercise. Your mere presence during the course of home inspection would make you wiser for all future assignments. Remember you are spending from your pocket for this exercise and hence the onus is on you to get all your queries answered by the experienced personnel from the home inspection agency. Typically the agency would provide its detailed report within 24-48 hrs of finishing the home inspection.
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