What is a Home Inspection and Why it’s Important?
When buying or selling a home, an important step in the process is a home inspection. A home inspection is the examination of the condition and safety of the home you are purchasing. An inspector will check the structural, electrical, plumbing, and HVAC systems to make sure they are working properly. The importance of the inspection is it will point out all the necessary repairs.
Other types of inspections you can purchase include septic systems, mold, lead-based paint for homes built before 1978, and to check for wood destroying pests. As a buyer, you are allowed to purchase any of these inspections, and many lenders won’t finance a home without at least the structural and mechanical inspection.
There are many items that the home inspector will check, but the following will give you an idea of what they look at:
Exterior - A complete inspection of the outside of the structure including the roof, chimney exterior, and any crawlspaces under the house.
The inspector will check the exterior walls for any cracks, missing siding, and whether the soil is built up around the foundation as this can invite wood-destroying pests. The foundation will also be checked, if it is visible.
Interior - Damage to the walls, windows, and cabinets will be noted, as well as non-working components of said items. Missing caulk around baseboards, trim work, and toilets should be listed. Other visible issues of the house may be noted.
Electrical - All the outlets should be tested to ensure they are working properly and are grounded, including lighting throughout the house. The electrical panel will also be checked for potential issues.
Plumbing - The plumbing inspection consists of checking for visible leaks (including damage from past leaks), working toilets, shower heads, and faucets. Exposed pipes will be inspected for damage.
HVAC - The HVAC and ductwork inspection consists of ensuring the furnace and air conditioner are both working properly, and there is no damage to the ductwork.
The inspection company will send a report that discusses any problems. Although many “problems” may be presented on an inspection, be mindful of the age and condition of the property.
The inspector should make note of:
if problems/issues are a minor defect, major defect, or a safety issue
if items need to be serviced or replaced
if items are fine for now, but need to be monitored
For buyers to make an informed decision on their next investment, a home inspection is a critical step. It allows them to get a clear perception of the home’s condition. With this information in hand, buyers can decide whether to move forward with the purchase, renegotiate the offer price, or request repairs to be made from the seller.
Sellers can have a pre-listing inspection completed, as well. This will allow the seller to become aware of any issues they are unaware of and make necessary repairs before listing, reducing the likelihood of renegotiations and a lower sales price.
Whether you are a buyer or a seller, a home inspection is an important decision and worthwhile investment.