Getting the Most Out of Your Home Inspections
Buying a new home can be overwhelmingly exciting, so much so that sometimes mistakes are made in the inspection process—new buyers just want to move in as soon as possible. Buying a house is a long-term investment though, it’s essential that you carry out the process properly and with due diligence. Without doing so your dream home might just turn out to be your worst nightmare.
A home inspection allows you to determine the condition of the house before you buy it. This way you know exactly what you are putting your money in. An inspector will give you valuable information about the foundation, roof, and other parts of the house. This enables you to make an informed decision and offer. The inspector can also you details and advice on how you can upkeep the house.
If you want the most of your home inspection, then make note of these six home inspection mistakes buyers and sellers make and do your best to avoid them.
Hiring the Cheapest Inspector
Who doesn’t like to save a buck here and there? After all, you are going to be spending quite a lot purchasing a new home, so why not save on the inspection? Your home is an investment, and the last thing you want to do is invest in something that turns out to be a financial black hole in the long run.
The home inspector you choose can go a long way into helping you have the information for you to determine whether the house is a good investment. A qualified home inspector can also do more than just ensure the home you chose is sound. They can provide tips for better energy efficiency, fill you in on any minor repair work that needs to be done, and help you understand future maintenance tasks.
Do thorough research and be sure to select a qualified and licensed home inspector. If you know any friends or family that recently purchased a home, ask them for recommendations. It’s easier to trust someone whose service has been tested by someone you know well.
During the research process, be sure to contact at least four inspectors to get a feel for local price structures. If you find one charging way below the average price, there’s a fair possibility the inspection won’t be as thorough as you might expect. In this case, just remember, if it sounds too good to be true, it probably is.
Not Attending the Inspection
The inspection is a good time for you to get to know more about the home you are interested in purchasing. It’s important that you schedule the inspection when you are available to attend.
During the inspection, don’t wander off on your own rather shadow the inspector. Ask a few questions here and there, so they can give you more insights on the spot. You can probably get more information out of them this way—things that they wouldn’t normally mention in the report.
Just make sure that you don’t get so deep into conversation that it distracts from the inspection process. Let them concentrate on their work and keep the questions limited and only related to the inspection.
Not Reading the Inspection Report
Getting an inspection report should be exciting; you get to know if your dream home is worth the investment. Don’t just disregard it as a formality and not read it. If you want to make an informed decision, then you need to sit and thoroughly go through the report.
The report can also give you a bit of leverage in the negotiation process. If there are a few things that need to be fixed, then you can either request for them prior to purchasing or renegotiate the price.
There have also been many cases where homeowners ignore the report, thinking the house is sound because aesthetically it seems that way. Only to find a few years down the line minor problems have become major ones.
Not Asking Questions
Home inspectors are professionals that know more about homes than most of us ever will. You’ll get more out of your inspection by taking advantage of that. Not asking questions because you may sound dumb will only end up costing you in the long run. Think of the inspector as a teacher. They are there to answer any questions you may have on a topic you are unfamiliar with.
Some questions you may want to ask when issues arise are:
- Can it easily be fixed later, or is it urgent?
- If you were buying this home, would you have it fixed before purchasing it?
General questions you should ask:
- Can you provide some maintenance tips for the home?
- Can you overview the general condition of the foundation, roof, HVAC, plumbing and electrical systems? These can be rather expensive to repair if needed.
Most homeowners are also tempted to ask whether or not the inspector thinks they should buy the property. Inspectors usually steer away from that question because it’s a decision you have to make… not them. There are also many factors that play into the decision to buy or not buy such as how much reserve money do I have in the bank? Or can I do my own handyman work?, etc.
Ignoring Inspectors Recommendations
It makes no sense to have an inspection done only to ignore the recommendations of the inspector. As stated before, inspectors know more about homes than both buyers and sellers in most case. It’s important you consider their recommendations.
Not Re-evaluate Repairs
If you’ve requested for repairs after the inspection, it’s vital you re-evaluate the repairs. Don’t just take the receipts as a sign that the repairs have been made and everything is fine. You need to make sure that the repairs were done properly and that the issue is completely and properly repaired. It’s worth it to call your inspector again to see if they can come down to re-evaluate the repairs or get another qualified professional to do so.
A real estate inspection presents the buyer with a chance to know what they are buying before the transaction is completed. However, the inspection is only the beginning if you truly want to make the most of it, make sure you avoid these six home inspection mistakes that many buyers and sellers make.