The Home Inspection Purpose & Process Explained

1. Home Inspections: Their Purpose and Process A professional home inspector’s purpose is to evaluate the real condition of a home and its property by searching for any structural defects. This could be defects in the foundation, frame, plumbing, electrical wiring, duct and furnace systems, the roof/attic, finishing’s, etc. They also evaluate other aspects of the home which give it value such as the appliances, the sink and faucets, etc. This in-depth assessment is used to help purchases and sellers make more informed decisions. Below are more details on the main purpose and benefits of a getting a home inspection service. PURPOSE OF HOME INSPECTION DETECT STRUCTURAL PROBLEMS –As a home buyer, the most expensive repairs you would face are often structural issues. If a home’s structure is compromised or deteriorating, it is important to take into account the costs needed to remedy those issues so that the home remains livable. Some structural issues are small and if caught early, can save you tens of thousands of dollars. Most home buyers, who are not experienced construction pro’s, would struggle to spot structural issues at first sight. However, a home inspector has a trained eye and knows what cue’s and signals identify a potential issue. PROVIDE DETAILED INFORMATION ABOUT THE HOUSE –It is easy to fall in love with a property at first sight! We know the feeling. However, buying based on emotions alone would be a mistake.A certified home inspector will provide you with an in-depth report about the home which outlined the condition of it and any expected immediate or future costs you should prepare for. This information helps you make an incredibly informed decision that you can feel confident about. DETECTED REPAIRS EARLY – As mentioned above, a house inspection will help you determine what costs you should except to incur after moving into a home. This is extremely valuable, especially when budgeting for your new property. Often, information about hidden repairs will save buyers from over extending themselves and incurring extra debt they did not plan for. This could be for small repairs like plumbing fixtures, medium sized repairs like a furnace replacement, or large repairs like fixing a cracked foundation. Without a house inspection, you may not be aware of these issues which can greatly impact your financial future. HELP WITH NEGOTIATION –When you have found a home you love and are considering putting an offer in on the house, having a house inspection will allow you to make an offer based on facts beyond market price, location, and appearance. By having a detailed inspection report, you make an informed offer based on the true condition of the home. In some cases, a home inspection that goes well can even help you feel like you’re getting a deal at the asking price! THE PROCESS OF A HOME INSPECTION If you are thinking of getting a house inspection, below is the typical process. OFFER –So you have found your potential new home! You love the look, location, and price. The first step is to place an offer, contingent on the outcome of a home inspection. If the seller accepts, you can now look for a home inspector. BOOK A HOME INSPECTION –Once you have the go ahead, you will want to book a home inspection with a certified property inspector. This will help you understand the condition of them home and

2. reap the benefits of everything listed in the first half of this article. A typical inspection will cost anywhere from $400-$1000 depending on a multitude of variables. Our base rate is $495 at Red Seal Inspection. COMPLETE THE INSPECTION –Once the day and time is chosen, the home inspector will perform a complete property inspection (unless otherwise stated). They will cover the interior, exterior and other components of the home like floors, attics, crawl space, walls, ceilings, stairs, foundations, window components, railings, walkways, drainage systems, water supply lines, sump pumps, grounding wires, panels, circuit breakers, ducting, HVAC systems etc. You should be allowed to accompany the inspector if you wish and have them show you their findings along the way while they explain the implications of such issues. Typically, a full inspection will take 2-4 hours. INSPECTION REPORT –After the house inspection, a home inspector is required to issue an inspection report that details their findings in every aspect of the house. Often, an inspector with a history in the construction industry will be able to provide some detail on estimated costs. Our inspectors all have extensive backgrounds in home construction and are happy to provide estimates. NEGOTIATION –Armed with all the information from the inspection report and after speaking with your home inspector, you can begin negotiations with the home seller. If the home is full of defects, then the buyer may ask his seller to simply cover the repairing costs or negotiate the price of the house. In some cases, if the repairs are to substantial, the home buyer can/may back away from the deal. If you would like to purchase a home, Red Seal Inspection would be glad to help you through the home inspection process. Our inspectors are all experienced tradesmen with the knowledge and expertise to help you make the best decision. We welcome all home buyers to join us during the inspection! Call us or visit our website to book your inspection today! Source: https://christinahopkins.hatenablog.com/entry/Home-Inspections-Purpose-Process