A home inspection is a non-invasive, yet thorough examination of a property. The process, which takes typically takes anywhere from two to four hours.
ENSURE THOROUGHNESS: It’s important for you as the buyer to be present during the home inspection so you can ensure you’re getting your money’s worth. Buyers pay for these inspections out of their own funds, which can cost between $300 and $500. Therefore, an inspector shouldn’t rush through the process or only spend an hour inspecting a home that requires three hours to complete. By being present, buyers can shadow the inspector and check for thoroughness.
One benefit of being present during a home inspection is the opportunity to hear explanations directly from the inspector’s mouth. After the inspection, the inspector writes a detailed report about their findings. But sometimes, these reports can make issues seem more significant than they actually are. However, if a buyer is present and talks to the inspector, the inspector can ease some of his concerns.
ASK QUESTIONS: Being present during a home inspection also gives yoou the buyer, the chance to ask the inspector questions. Inspectors are available after the appointment to answer any questions you might have, but there is no better time than during the inspection for buyers to express their concerns. For example, you may have questions about estimated life spans for certain appliances. Of course, inspectors can’t guarantee how long a system in the home will last, but they can offer a professional recommendation. This helps you discern whether to ask the home seller to replace certain items.
KNOW YOUR NEW HOME: Shadowing a home inspector also gives a you the buyer, an opportunity to become familiar with the home. If you follow the inspector throughout the property, you’ll learn the location of shut-off valves, the electrical panel, as well as observe other details about the house with your own eyes. Home inspectors look inside cabinets, pull appliances from the wall, and inspect the attic and basement. Most prospective buyers don’t conduct a detailed examination of properties before putting in their offers, so it’s easy to overlook certain issues with a home.
SPEAK UP ABOUT CONCERNS: Home inspectors are certified and trained, but they’re still humans, and sometimes they can overlook issues in a home. A property may have a crack in the wall that the inspector didn’t notice, or if a room has a slightly different color paint in one section of the ceiling, you might feel the homeowner is hiding a water leak or other damage. Since you may provide a second pair of eyes, the inspector should encourage your presence during the inspection, and encourage you to speak up if you want the home inspector to take a closer look at a particular area of the home.
Buying a home is a big commitment, and buyers need to understand that once they sign the mortgage paperwork and take possession of the home, they become responsible for any repairs and maintenance. Now’s the time to voice their concerns.
Excerpts taken from Homeside Mortgage.