Posts Tagged ‘Home Inspection’

Home Inspection Basics

Purchasing a new home is a major undertaking that involves plenty of moving parts. Between securing the financing, negotiating the price and packing your belongings, it’s easy to skip over some pretty important items, like the overall condition of the house as described in the home inspection report.

The home inspection is an incredibly important piece of the house buying puzzle that’s absolutely bewildering to most people. After all, how many of us are really familiar with the detailed workings or HVAC systems, sewage pipes and foundations?

If you’re like most of us, you can maybe unclog a toilet, but determining whether or not a furnace needs to be replaced is another matter entirely. But no matter how confusing the information in your home inspection report seems, you can ignore it at your peril. The fine print on that document could be all that’s standing between you and a future of nightmarish, and expensive, home repairs.

To get the most out of your home inspection, here are a few things you’ll want to consider.

Getting a Great Home Inspection
A great home inspection report starts out, not surprisingly, with a great home inspector. It sounds incredibly simple, but it’s true. That’s why finding a home inspector whose opinion you really trust is something that’s worth vigorously pursuing. So how do you find one these above-and-beyond home inspectors?

As is often the case, you’ll definitely want to canvas your friends and co-workers for recommendations. While you might have to sift through a lot of complaints about inspectors that your friends didn’t like, you’ll probably wind up with one or two really good leads.

Once you’ve got a couple names in hand, you should give the potential inspectors a call and gauge their overall professionalism. Don’t be afraid to ask for one or two samples of their reports so that you can get an idea of exactly what kind of work they do.

Going Beyond the Basics
Your basic home inspection report can buy a lot of peace of mind, but some would-be homebuyers are looking for something a little deeper. For these folks, additional tests that test for things like methamphetamine residue and cracked outside sewer pipes.

It’s important to remember that these tests are normally performed at an outside environmental testing lab, so you may have to wait an additional week or two to see the results.

These tests aren’t for everyone, but if you’re the type who likes to worry about what might be lurking in your basement; or have sensitive allergies, they’re well worth the money.

The Other Value of a Good Home Inspection
Besides buying peace of mind, a good home inspection may wind up saving you thousands of dollars on the price of your prospective home. That’s because a good home inspector can pick up on small problems that have the potential to grow into big problems.

Savvy negotiators can use these sorts of issues to bring down the price of the house, or to get the seller to pay for repairs that might otherwise have come out of their own pocket years down the line.

In short, home inspections are a critical piece of the home buying process.