Tom Lee ABR CRS GRI LTG SRES's Blog
A home inspection may make or break the property buying journey. If you attend a home inspection and find no major issues with a residence, you may choose to move forward with your house purchase. However, if a home inspection reveals significant problems, you may decide to rework a home purchase agreement or walk away from this agreement altogether.
If you plan to purchase a home, it generally is a good idea to include a home inspection in your property buying strategy. And if you know how to plan for a house inspection, you can use this evaluation to gain the insights you need to make a data-driven decision about a home purchase.
Now, let's take a look at three tips to help you prepare for a home inspection.
1. Hire an Expert Home Inspector
With an expert home inspector at your side, you can gain comprehensive insights into a house's overall condition. Then, you can obtain an in-depth inspection report to help you weigh the pros and cons of purchasing a residence.
It is important to conduct an extensive search for the best home inspectors in your area. Search for home inspectors who boast many years of industry experience and come highly recommended from past clients. By doing so, you can find a home inspector who will meet your expectations.
2. Craft a Home Inspection Checklist
It often helps to enter a home inspection with a checklist. If you have a checklist in hand, you should have no trouble conducting a full home evaluation.
You should include all areas of a residence's interior and exterior in your home inspection checklist. Furthermore, you should include a home's heating and cooling system, roof and other key parts of a house in your checklist.
3. Consult with a Real Estate Agent
Preparing for a home inspection may prove to be stressful. Thankfully, a real estate agent can help you get ready for a home inspection and ensure you can make the best-possible decision regarding a house purchase.
A real estate agent is a homebuying expert who is happy to help you at all stages of the property buying journey. In the days leading up to a home inspection, a real estate agent can respond to any of your concerns or questions so you can prepare for the evaluation. Next, on the day of the inspection, a real estate agent will attend the evaluation with you. And after the inspection is complete, you and your real estate agent can discuss the assessment results and determine how to proceed.
Ultimately, a real estate agent can help you streamline the home inspection process. He or she may even be able to put you in touch with the top house inspectors in your area, thereby increasing the likelihood that you can identify any major property issues before you finalize a home purchase.
Ready to conduct a home inspection? Use the aforementioned tips, and you can enter a home inspection as an informed property buyer.
The home inspection may seem like a standard thing that you need to go through in the process of buying a home. Really, you’re paying for the home inspection, and it’s a huge opportunity for you. As a home buyer, you should look at the home inspection as an educational event for homeowners. You’ll learn a lot about the history of the property that you’ll be living in. From water that may have been present in the basement to a leaky roof, you’ll get to know your new home and how everything works.
When you hire your home inspector, he or she may seem like they are talking to experts. For this reason, it’s a good idea to ask questions during the inspection so that you can clarify what the inspector is talking bout.
Is This Problem Urgent?
It’s a good idea to see how soon any problems in the house need to be fixed. If the roof needs to be replaced within 3-6 months and your finances are tight, it’s something that you’ll want to know about. While home inspectors will reserve their opinions about a property overall, professionally, they can tell you how big of an issue certain things are. You may need to hire a certified professional who specializes in a certain area like plumbing or electricity for further evaluation in many cases. For your own knowledge, it’s a good idea to know what needs to be done around the property and when.
You’re never going to remember where everything is in the house on the first pass. It’s a good idea to carry a notepad with you when you’re going through the home. Make notes of any major issues, where they are, and how to fix them. This way, even after the inspection report is sent, you’ll have something to refer back to.
Is This At The End Of Its Lifespan?
Your home inspector will take a look at all of the moving parts of the home that you’re about to purchase. This includes the appliances. Is the dishwasher on its last leg? Will you need a new refrigerator very soon? Is that creak in the floor more than just a problem with a floorboard? If you find out what to expect from both the major and minor issues in the home, you’ll have a better idea of what to expect from the property overall.
Home inspectors give you an overview of the condition of a home. Inspectors will tell you that there is no home that comes completely clean when it comes to an inspection. Even a brand new home that was just built will have some issues. While it may not be the most fun to find out that your new home needs a new roof, at least you and your realtor will know what needs to be brought to the negotiation table if you decide to go through with the purchase of the home.
No matter what your age, buying a new home symbolizes the beginning of a new chapter in your life. It's an exciting event, whether you're a first-time home buyer or a retiree looking to downsize. When you stumble upon a house in your price range that has the features and characteristics you've been searching for, it can be a life-changing moment!
Unfortunately, it's at this point that many people cast their good judgment to the wind! Although it's difficult to separate your emotions from the rational part of your brain, it's crucial that you try to make a balanced decision -- one that's based on your budget, your short-term needs, and your long-term goals.
Sometimes buyers can develop "tunnel vision" when they see a house with a white picket fence, a big backyard, or a cozy-looking eat-in kitchen. In some cases, people are irresistibly drawn to a house that reminds them of where they grew up. While all those elements can enhance a home's ambiance and charm, the most satisfying home-buying choices usually come from being able to look at "the big picture."
One vital step in the house-buying process that helps eliminate a lot of the risk is having the property carefully looked over by a certified house inspector. That way, even if your judgement is a little skewed by your emotional attachment to the house's architectural style or its resemblance to the house you grew up in, you can be reasonably sure it is structurally sound and free from any major defects. Although home inspectors can't look behind walls or accurately predict how long an HVAC system will last, they can provide you with valuable insights into the condition of the house, the stability of the foundation, and other aspects of the property. When you know the strengths and weaknesses of a house you're considering buying, you can make an informed decision that will be based, in large part, on a professional, objective opinion.
Other factors worth bringing into your decision might include the commuting distance to your job or business, the amount of privacy the property affords, the overall character of the neighborhood, and the proximity of the property to grocery stores, drug stores, other retail shops, entertainment, recreation, childcare, medical services, family, friends, and other necessities. When choosing a place to call home, you may also want to take note of how quiet (or noisy) the neighborhood is, its access to highways and transportation services, and the reputation and ranking of the local school district.
Additional information about desirable places to live can be gleaned from websites like Livability, U.S. News and World Report, Niche, Money Magazine, and the National Association of Realtors. To get expert guidance that relates to your specific circumstances and wish list, consider working with an experienced real estate agent. They'll help you navigate the market, negotiate on your behalf, and find the home that best suits your needs and lifestyle.
A home inspection is a vital part of every real estate transaction. Its importance is usually solidified in a purchase contract in the form of a contingency clause.
Whenever you buy or sell a home, the transaction is typically contingent upon a few things being fulfilled. Inspections help protect the buyer from purchasing a home that they believed didn’t have any major issues.
For buyers, an inspection can save you thousands in the long run. For sellers, getting a preemptive inspection done (on your own dime) can be useful since it will help you avoid any surprises that could arise when a potential buyer has your home inspected.
Hiring a home inspector
Regardless of whether you’re the buyer or the seller in this instance, hiring a home inspector isn’t something you should take lightly. You’ll want to confer with your agent before you pick an inspector.
It’s also a good idea to check out some online reviews and visit the inspector’s website for pricing. Typically, inspectors charge between $200 and $400 for an inspection, so feel free to shop around.
Inspectors are certified, so make sure whoever you choose has the proper licensure. You can search for inspectors in your area with this search function.
Ultimately, you’ll want to choose an inspector that can give you the most unbiased assessment of the home, so that you can be assured that you know what you’re getting into when you buy or sell a home.
Preparing for an inspection
Many buyers aren’t sure what to expect on inspection day. However, the process is relatively simple.
You’ll want to make sure the inspector can easily access workspaces (like around the furnace, circuit breakers, etc.). This will make the inspector’s job easier and allow them to focus on the service they’re providing you.
If possible, it’s also a good idea to provide them with records of important home maintenance and repairs. Inspectors know what red flags to look for with the home, both physically and on paper.
Finally, make sure pets, kids, and any other distractions are away from home or with someone who can attend to them.
After the inspection is complete, the inspector will hand you a report and be able to answer any questions you have about their findings. They will give recommendations about the timeline for repairs that need to be made soon or even years into the future.
With this report in hand, you can determine if there are repairs you want to negotiate with the seller if you’re buying a home. As a seller, this report will tip you off to issues that potential buyers will likely have and give you a chance to address them in advance.
Once you start the process of buying a home, you may begin to feel as if you know everything there is to know about real estate. There’s so much house hunting, researching and negotiating that the process can be dizzying. Once you get into a contract and start the home inspection process, a whole new host of questions comes to the table. Now, you need to know the nitty gritty of what you’re about to buy.
Once you hire a home inspector, it could seem like they are speaking an entirely different language. These inspectors will be looking for any and all potential problems with your new dream home. In order to get the most out of your home inspection, you’ll want to ask smart questions.
How Much Of An Impact Does This Have?
Home inspectors cannot legally tell you whether a property is “good” or not. They can only tell you the things they find wrong with the property, or where they see a need for improvement. These inspectors will seem pretty even keeled when you meet them, so they can be hard to read. They’re all about facts. Asking them what kind of an impact a certain problem will have can help you to make a more informed decision.
Who Can Fix This?
In many states, home inspectors cannot legally make repair recommendations. They can however give you an idea of how easy or how complicated it may be to fix something. You may find that you’ll be able to make simple repairs on your own rather than hire someone for a big price. The only drawback is that home inspectors cannot actually “fix” anything for you. They can only give advice.
What’s A Priority?
Your home inspector can give you an idea of what issues in the home you are about to buy need to be fixed first. Since the inspector's job is to point out absolutely everything- both big and small- you’ll want to know what has the biggest priority so that you can plan accordingly. If things are at the “end of their lifetime” rather than in need of a simple repair, you’ll understand as a homebuyer how much money you’ll need to shell out for repairs sooner rather than later.
Where Is That?
Many times as home inspectors as heading through the property, mentioning things that need repairs and attention, you may have no idea what they are referring to. It’s a good idea to have a notepad and and a camera so that you can refer back to what the inspector was talking about. Some inspectors even insert digital pictures into their reports, so you can ask about that when you’re hiring an inspector.
How Does That Work?
Inspectors can often give you an idea of how different moving parts of the home operate. If you’re new to homeownership, or come across something that you have never seen before, your inspector will be happy to help you figure it all out. It can be a lifesaver once you move in since you’ll already know how much of the house operates.