Should I Have a Home Inspection? Having a home inspection before you put an offer on a home you are considering to purchase, or as one of the conditions of the sale, is strongly recommended. The additional peace of mind about the condition of the home you are purchasing, and the information a home inspection can provide about current and possible future issues, may affect your intention to purchase and provide you with additional negotiating power. Home inspections are not only for resale homes, if you are purchasing a new home you may also benefit from a home inspection that allows you to confirm that the builder has fulfilled all of his obligations in regards to the property and construction of the home.
What Does a Home Inspector Examine?
A home inspector will look at:
Electrical systems and fuse boxes or breaker boards
Heating and air conditioning systems
The inspection is visual as well as intensive, although not intrusive. Rarely does the inspector have permission to open up walls or flooring during the course of their inspection.
Who Pays for a Home Inspection?
The potential home buyer pays for the home inspection during the course of making an offer. This can range from $250 to $500 or more depending on the home and the home inspector employed. Typically, the home inspection takes between 2 and 5 hours. It is recommended that the buyer is present for the inspection to ask any questions while the home inspector is on the property. The seller may decide to have a pre-listing home inspection completed to make them aware of any issues that a buyer may find so they can make needed repairs or upgrades before putting the property up for sale. In this case the seller pays for the home inspection.
Are Their Alternatives to a Home Inspection?
Sellers may make available a Seller Property Information Statement (SPIS) to a buyer which will provide some history about the property but the SPIS does not discuss anything the property owner does not know about that may otherwise be revealed in the normal course of a home inspection. Your REALTOR® may discuss known defects or potential problem areas on/about the property with you but their knowledge may be limited. A professional home inspector has the experience to provide the answers that others may miss.