Building Inspection A Must When Buying A Home by Pamela Taylor, Realty Center
Use risk management when buying a home and get an experienced real estate agent and have a building inspection! A building inspection is a must when buying a home new or resale. When you buy a home through me, I advise all my buyers to have a home inspection regardless of how good the home appears to look and regardless of the age of the home. From my 20+ years’ experience working with buyers and sellers, I have had building inspectors find all kinds of issues in homes that on the surface look to be in pristine condition. Issues that may not have been found by the buyers until after closing, such as, rodents in the attic, faulty wiring, leaky roofs, broken appliances and more. Remember, once a property closes it is the buyers problem.
A home inspection by a qualified inspector can help you find the material defects in a home, even those not readily observable by the eye of the buyer or seller. In addition to items that may need to be repaired, a good inspector will also give you a list of items that may be in need of maintenance or replacement in the near future. Most inspectors will give you a professionally printed report with photos of the items found during the inspection. This will give you as the buyer an idea of your potential future repair costs on the home to help you determine if the purchase is too risky. This will give you the opportunity to cancel a bad deal or negotiate some repairs prior to closing. In some cases, even renegotiate the price of the house.
If you don’t already know a good home inspector, ask your agent and he or she should be able to provide you with a list of inspectors for you to interview and choose from. One good source for a list of inspectors is The American Society of Home Inspectors, www.homeinspector.org. Make sure you discuss with your inspector the different types of inspections available and their importance based on the home you are purchasing. A standard inspection normally covers, roof, siding, yard, driveway, plumbing, windows, electrical, appliances, air conditioner, walls, trim, doors, decks, and interior of home to name a few items. Most inspections usually start from $300 and up depending on home size and items included in inspection. In addition, ask about a Mold inspection, Pest control/termite inspection, Pool inspection and 4-point insurance inspections. These normally cost extra and are a separate charge from the standard inspection. Other inspections available at extra cost are radon, energy efficiency, septic tank and a lead based paint inspection for homes built prior to 1978. These are not normally offered through your standard inspector, however; your inspector can advise you on whether you would need one of these.
Questions to make sure you ask regarding your building inspection:
- How much notice do I need to give the seller to gain access for building inspection(s)?
- What specific inspections should I get for the property I am buying?
- When do I pay for they inspection?
- When do I get my inspection report from my building inspector?
- What are my options if I am not happy with the inspection results?
- Do I get to have an inspection if I buy a brand new Construction home though a builder?
Remember, use a realtor that makes sure you have the option in your contract for a building inspection. This can help reduce your future out of pocket expense risk! It will help you make a rational, non-emotional decision about buying one of the biggest purchases of your life. A good agent will show you all your options.
Need to speak to a Buyer’s Agent to help you find your new home and to help you navigate through the purchase process while handling all the closing details contact 407 970 4465 for Pamela Taylor. For a list of experienced building inspectors in your area. Email firstname.lastname@example.org.
Next week’s Blog… How to make sure your contract is contingent on your approval of your building inspection.