Buying a home is a big investment. In fact, it is likely the single biggest investment for most Americans in their lifetimes. Therefore, it’s important to make sure that you’re getting what you pay for. A home inspection is a critical step in the home buying process, and it can help you identify any major problems with the property before you close on the sale. In yesterday’s article, we discussed what to expect with a home inspection as a seller. In this article we will discuss what to expect as a buyer.
Common questions about a home inspection
What is a home inspection? A home inspection is a visual examination of the major systems and components of a home. The inspector will look for any defects or damage that could affect the value of the property or cause problems in the future.
The home inspector will typically check the following areas:
- Foundation
- Roof
- Walls, ceilings, and floors
- Windows and doors
- Electrical system
- Plumbing system
- HVAC system
- Appliances
- Attic and crawlspace
- Exterior of the home
Who pays for the inspection? The home buyer is typically responsible for paying for the inspection. The cost of an inspection varies depending on the size and location of the home, but it typically costs anywhere from $300 to over $1,000.
When does a home inspection happen? An inspection typically happens after the seller accepts your offer on the home. This gives you time to schedule the inspection and review the report before you close on the sale.
What does a home inspector look for?
The home inspector will look for any defects or damage that could affect the value of the property or cause problems in the future. Some of the things the inspector will look for include:
- Structural problems, such as cracks in the foundation or walls
- Water damage, such as leaks in the roof or plumbing
- Electrical problems, such as faulty wiring or outlets
- Plumbing problems, such as leaks or clogs
- HVAC problems, such as a malfunctioning furnace or air conditioner
- Appliance problems, such as a broken dishwasher or refrigerator
- Pest infestations, such as termites or rodents
What should you do if the inspection finds problems?
If the inspection uncovers some problems, you’ll need to decide how to proceed. You can:
- Ask the seller to fix the problems before you close on the sale.
- Negotiate a lower purchase price with the seller.
- Walk away from the sale.
It’s important to remember that you have a right to a home inspection contingency in your purchase contract. This means that you can back out of the sale if the home inspection finds major problems.
Summary
An inspection is an important part of the home buying process. It can help you identify any major problems with the property before you close on the sale. If you’re buying a home, be sure to schedule a home inspection and review the report carefully before you make an offer.
Here are some additional tips for getting the most out of your inspection:
- Be present for the inspection. This will give you a chance to see the problems firsthand and ask the inspector questions.
- Bring a checklist of items you want the inspector to check.
- Ask the inspector to explain any problems they find.
- Get a copy of the inspection report. This will help you negotiate with the seller if any problems are found.
Are you thinking about buying or selling in South Florida? We can help! Contact Natasha at Live South Florida Realty, Inc. today! Also, be sure to download the free Florida Home Search app for your smartphone or tablet.
