Home Inspection: A Wise Investment

Buying a house can sometimes be a long and tedious process. The first step is to apply with a reputable lender to be pre-approved for a mortgage and then you should find a real estate agent that you are comfortable with. The real estate agent that you decide to work with should take the time to listen to what your needs and wants are in a house or condominium. Often individuals look for six months or longer to find a home that fits their needs. Once you find the perfect house, it is in your best interest to have the purchase agreement written that will allow you a set amount of time for the home to be inspected. Usually, this will give you seven to ten days to have the home inspected for any unforeseen issues that may lead to significant expenses in the future. Having the home inspected before you complete the purchase transaction may potentially save you thousands of dollars of unexpected expenses after you close.

Your real estate agent may refer you a home inspector, but it is in your best interest to contact a minimum of three licensed home inspectors and choose the one that you’re most comfortable with. Simply choosing the home inspector that was referred to you by the real estate agent may be a conflict of interest. Your real estate agent may have a long-term relationship with the home inspector and may have a non-verbal agreement to save as many transactions as possible. A typical home inspection cost between $300 and $400. This is a worthwhile investment to avoid future unforeseen expenses. The last thing a new home buyer needs is additional expenses just after moving into their new home. If this happens, it may cause severe financial hardship. If the home inspection is bad and the seller is not willing to fix the issues, walk away and find another house.

General home inspections will disclosure defects found in the dwelling, but if something is found that is outside of their area of expertise, you may want to obtain a more specific inspection before purchasing the property.

Below is a list of other types of home inspections:

• Pest Inspection – This type of inspection will not only inform you if any wood destroying insects are found in the property, but also if dry-rot is found anywhere on the dwelling.

• Chimney – This type of inspection will make sure the chimney is functioning properly and if the liner or the brick inside the chimney are in need of repair.

• Heating and Air Conditioning – Most furnaces should be cleaned and serviced. If either the furnace or air conditioning is not functioning properly, they should be taken apart by a professional to determine the issue and cost to repair or replace.

• Lead-Based Paint – The federal government banned the use of lead-based paint in 1978, but homes newer than 1978 can still contain lead-based paint. If the house is found to have lead-base paint, you should hire a certified lead-based paint contractor to properly remove the specific areas found in the home.

• Roof – A roof inspection will disclosure the condition and life expectancy of the roof. Also, ask the roofing inspector to provide the estimated cost for repair or replacement of the roof in writing.

• Well and Septic – If the house you are considering has a well or septic system, it is in your best interest to have these inspected. The house may be located in a municipality that requires this type of inspection.

• Radon – There are many locations in the United States that have radon issues. If the dwelling has a high level of radon, it could lead to severe health conditions.

• Mold – If you find mold in the house, you should have it inspected by a licensed mold contractor. Certain types of mold can lead to serious health issues.

The above inspections will enable you to make an informed decision regarding the purchase of the property. If you have any specific concerns about the property prior to the inspections being completed, it may be more beneficial if you are present for each of the inspections. Being present at the inspections will allow you to point out your concerns with the property directly with the licensed contractors. If any issues are found in the house and you still want to purchase the property, you will have the issues and deficiencies thoroughly documented by licensed professionals. This will allow you to go back to the seller and ask for the repairs to be completed, a credit for the repairs at closing, or a reduction in the sales price.

Mistakes In Choosing Building Inspections Providers

As a building owner, it is important to make sure that your establishment is safe and reliable. Of course, there are cases when establishments may look reliable, but there are certain factors that may affect its credibility from faulty electrical wiring, clogged drainage system as well as leaking water pipes. With these issues, profits may turn into expenses. In order to eliminate these issues, it is best to opt for the services of reliable building inspection providers. Unfortunately, choosing reliable inspectors can be very hard since some individuals make unexpected mistakes. To avoid these mistakes, below are some of the following.

Non-licensed inspectors

One of the most common mistakes individuals make when choosing a building inspector is choosing non-licensed one. Of course, everyone can learn how to inspect a house, but it is still important that you have an in-depth knowledge about it. This is important to provide better and more reliable services to your clients. Not to mention, non-licensed inspectors may overlook certain factors in your building which can cause unexpected incidents that can affect your profits and your well-being.

Inadequate inspection skills for your area

The next mistake individuals make when looking for a building inspector is hiring professionals with inadequate inspection skills for your area. Some individuals think building inspection services are all the same. However, these services may vary depending on government requirements. Therefore, by hiring the wrong inspector, building safety may be insufficient.

Insufficient inspection tools

It is also imperative to never hire inspectors with insufficient tools and equipment. Surely, to provide you with the right services, experts need to make use of the right tools. As of now, there are numerous building inspection tools experts use from infrared cameras, moisture meters up to carbon monoxide analyser as well as voltage testers. These modern tools are important to provide accurate information about your house.

Incomplete inspection reports

Finally, individuals must also avoid inspectors who provide incomplete reports. To allow building owners to have better insights about the condition of their building, having a complete inspection report is important. Unfortunately, there are some professionals who only list major inspection details which can surely affect the credibility of your building. So, make sure that inspectors can provide you with complete reports to help you make better decisions.

What You Can Do for a Better Property Inspection

Buying a home is momentous undertaking, and if you are a first time buyer then the numerous elements involved can add a level of stress to the excitement. Sure, you are already dreaming about the room designs, paint colors and landscape, but before you can get started on that, you must first see if the home will pass the property inspection.

The property inspection is perhaps the biggest hurdle to cross in the entire home buying process because so much relies on it. If the inspector discovers serious issues – electrical, structural, plumbing, etc. – it can mean letting that “perfect” home go, or either needing to invest a great deal more money than anticipated. Either scenario means more stress, and can take its toll on you.

Property Inspection Mistakes to Avoid

With so much riding on your property inspection, it is helpful to do everything you can to ensure that the odds are in your favor. No, you can’t make any potential problems go away, but you can take steps to make the process better. Here are some proactive moves you can make when a property inspection is in your future.

· Be sure to research the inspector and ask some basic question regarding their experience. Ask how long they have been an inspector, how many inspections they have done, find out what qualification and training they have had, and what they did before they became an inspector

· Don’t overlook the importance of attending the home inspection! No, it is not a requirement, but going to the inspection is the best way to fully understand what is going on. Even if the home is newly built, you still need to know what is behind the walls, in the attic or in the basement.

· Once the home inspection has been done, be sure to read the entire report. Ask questions about any element you do not understand, so that you know what may need to be repaired and what it will cost to correct it.

· Just because you have a friend or family who does construction, it doesn’t mean they need to be a part of the inspection. Often times, they make the process more difficult. Feel free to bring them along to a home viewing/walk through, and get their opinion, but leave the inspection to a qualified property inspector.