For most people, the purchase of a home is the most important financial commitment they will make in their lives. It makes perfect sense that home buyers secure their financial commitment by spending money for a home inspection. When purchasing a new property, home inspection is essential. During the inspection, an inspector will examine the home thoroughly in order to evaluate its physical condition. One important aspect to remember about home inspections and buying a home is that it is essential to make your offer on a property subject to the results of the home inspection. This means that if the inspection exposes some major problems with the property, you can withdraw your offer with no penalty.
The Inspection Procedure: What to Expect
While conducting a home inspection, the inspector will take a complete and exhaustive look at the property to evaluate its physical condition-but be aware that this is very different from an appraisal. The home inspector will be able to explain all about what kind of condition the property is in, but will not give you with an estimate of its value.
During the inspection process, the inspector will examine everything in the home and evaluate the condition of its structure, construction, plumbing, electrical systems and other aspects of the home, to detect whether any structures or systems require repair or even replacement. The inspector will also evaluate the longevity of the home, including structural features and electrical, plumbing and other systems, and determine how much functional life each feature has remaining. A home inspection will typically take at least two hours, but of course this depends on the size of the property. On average, you can expect an inspection to take about an hour for each thousand square feet of property. Once the inspection is finished, you should get a written report of the inspector's findings within seven days.
Critical Questions to Ask a Home Inspector
Before you engage a home inspector, it is wise to ask key questions to make sure you are hiring an inspector you can have confidence in, to carry out a thorough inspection of your prospective property.
- What does the inspection include?
- How many inspections have you done, and how long have you been an inspector?
- Are you a veteran residential inspector?
- Do you belong to any state or national associations?
- How long will the inspection take to complete?
- What are your fees?
- How soon will the inspection report be presented after the inspection is finished?
- Will I be allowed to attend the inspection?
These are all important questions to aid in ensuring that your inspector has the experience needed to thoroughly investigate the property which may become your home. Be sure to ask if you may attend the inspection--a refusal from the home inspector is definitely a warning sign, and attending the inspection is a great opportunity to learn about your likely new home, from an expert.