Home Inspection is an integral part of buying a new property. Home Inspections are required before the purchase of any home. If you’ve ever purchased property without a home inspection, it may make you wonder why anyone would spend money on a home inspection. A home inspection is a fact of life. It is your best and most informed tool at your disposal when it comes to buying a new property. A house inspection will not only give you a list of problems that you’ll need to repair, but a home inspector will also let you know what you can expect to get for your money, both in terms of quality and price.
A home inspection is not something that you should do on your own; you’ll want to have a professional inspector with you. This is especially true if you live in a high-risk area, such as an area that’s been recently hit by a natural disaster (flooding or fire), an area that requires a lot of maintenance, or an area that requires extensive and expensive repairs. A professional inspector with experience and who knows the area will save you money in the long run by saving you money in repairs. These repairs can include roofing repairs, foundation repairs, electrical repairs, flooring or carpet repairs, and more. There are no warranties for these repairs. A house inspection will not cost you anything in labor; however, you will be responsible for paying the cost of damages that aren’t covered by the warranty or the home inspection contract.
Buyers should take a moment to ask some important questions when considering a new home. First, buyers need to ask whether the home inspection is a mandatory requirement before purchasing. In some cases, like in New Jersey, a buyers’ inspection is a prerequisite before the sellers can close a deal. Other buyers simply don’t realize this is a necessity until after they’ve actually purchased their homes.
Buyers and sellers need to ask what kinds of repairs the sellers’ list will cover. Some sellers will have standard home inspections, while others won’t. In other cases, sellers may need to make extra repairs on their own. When sellers do have to make repairs on their own, they should ask what kinds of coverage those repairs will receive. This is particularly important if a buyer is considering acquiring financing for an addition or deck since the additional expenses could affect your credit rating.
When it comes to the services that will be performed during the home inspection, it’s important to understand what those services will be and how they will affect your total cost. Are the inspector(s) going to visually inspect the basement, stove, refrigerator, etc.? Are they going to test the air conditioning? Are they going to review the structural integrity of the building?
A buyer needs to make sure that the person coming to their house for the inspection knows what he or she is looking for and is not just rubber-stamping the seller’s “clusions” and “risks.” Buyers and sellers should also be wary of companies who are vague with their home inspections or try to change the inspector’s findings after the fact. A good inspector does not plan on making any modifications to the home before or during the purchase process. Instead, he or she is there to make sure everything is in good working order before closing.
“Engineering Inspection? What is it?” It is a question many have asked when buying a new home. You may have even asked the same question when considering an upgrade to your current home.
While this question may be of interest to you, the most important question to ask your home inspector is this: “What is the basic process involved in the inspection?” Asking this question will ensure you and your home inspector are on the same page when it comes to the scope of the project and what needs to be accomplished. The next question is equally important: What does your home inspector think are the risks involved with this home improvement? Ask him/her to offer advice about improving this area or areas of concern.
Next, ask the engineer for their opinion on whether the home should be allowed to be built. Ask the same questions of any other engineers working on similar projects you have contacted. Find out what each engineer has to say about the project. For instance, if your home requires some structural modifications, such as walls being relocated, ask the engineers for a statement detailing these modifications. Also, find out what the impact will be on future residents if the modifications are not completed.
Another important question to ask is this: “Will the work requires a building permit?” Depending on the size of the home renovation, permits may be required from the local building department. Engineering inspections will also require permits. In some states, the home inspector will submit a permit application to the local department while the engineer will submit the necessary documents.
Finally, you need to ask, “Will the home inspection report be signed and dated?” Make sure that the engineer signs the report. A properly prepared home inspection is one that clearly outlines the work to be done, the scope of the work to be accomplished, and any restrictions or stipulations that may apply. This will save you time and money and the home inspector will have a record of the home inspection so he can accurately file his report. Your home inspection should not take longer than two hours and in some cases, three hours.
If you feel that something was missed during the home inspection, call the home inspector back. If you are unsatisfied with the report he gave you, ask him to provide you with an additional inspection to see if there were any deficiencies that weren’t addressed during the original visit. In most states, a second inspection is not mandatory but is strongly recommended. You should be happy with the home inspector and the home inspection and be able to rest assured that your home is in good hands.