A thorough inspection is a critical step in purchasing a home, and many lenders won't offer financing on a home without one. Home inspections can uncover potentially life-threatening problems like mold or faulty wiring that could cause a significant fire.
A seller's home inspection happens before the home is listed. Some sellers choose to get their home inspected as they're beginning to prepare their house for sale, so they can fix any potential issues beforehand and save time in the closing process.
Doing a home inspection in advance of listing gives you an opportunity to get ahead of those requests, especially anything major that could forestall—or even squash—a deal. Another benefit to getting in front of repair requests: you might be able to save yourself a good deal of cash.
Infrared imaging can tell the buyer a lot about a house, and makes damage that may not have been noticed otherwise easy to find. It is a good idea for owners to have an infrared scan of the home before selling so that they can find and fix any serious problems.
What are the benefits of thermal imaging in a home inspection?
From the technical side, drones provide a way to inspect roofs that would otherwise be inaccessible. Often, a roof is inaccessible when it is too high, too steep or too wet to safely access.
What is a Warranty Inspection?
The 11-month warranty inspection is an inspection just before the builder’s warranty expires. In some cases, the warranty might extend until 2 years. This inspection is critical to finding defects in the home that might have happened during the home ownership process or were not found before.
There are times a warranty inspection might find water intrusion in several areas due to improperly installed flashing, yes I have had this happen several times.
Once a home inspector inspects the property, a homeowner can then turn their report over to the builder for repairs based on the home warranty.
By STEPHANIE TAYLOR CHRISTENSEN
Updated April 30, 2022Reviewed by LEA D. URADU
A quality home inspection can reveal critical information about the condition of a home and its systems. This makes the buyer aware of what costs, repairs and maintenance the home may require immediately, and over time. If a buyer isn't comfortable with the findings of the home inspection, it usually presents one last opportunity to back out of the offer to buy.
A home inspection can detect safety issues like radon, carbon monoxide, and mold, which all homes should be tested for. Make sure that your home-buying contract states that should such hazards be detected, you have the option to cancel the offer to buy.
A home inspection can reveal whether rooms, altered garages or basements were completed without a proper permit, or did not follow code, according to Chantay Bridges of Clear Choice Realty & Associates. "If a house has illegal room additions that are un-permitted, it affects the insurance, taxes, usability and most of all the overall value. In essence, a buyer is purchasing something that legally does not exist," she explains. Even new homes with systems that were not installed to code will become the new homeowners' financial "problem" to fix (and finance).
Home inspections are even more critical if you are buying an "as-is" foreclosed property or short sale. Dwellings that have been boarded often develop hazardous mold problems, which are costly to remedy and pose health concerns. Greg Haskett, VP of shared services at HomeTeam Inspection Service says it's common for home inspectors to find that copper plumbing lines and outdoor compressors have been removed from foreclosed properties by people trying to sell copper to recyclers for money.
Realtor Jennifer De Vivo of Orlando-based De Vivo Realty says the home inspection report presents an opportunity to ask for repairs and/or request a price reduction or credit from the seller. Work with your realtor to understand what requests can and should be made to negotiate a better deal.
A home inspector can approximate the installation age of major systems in the home like plumbing, heating and cooling, and critical equipment like water heaters. They can diagnose the current condition of the structure itself, and tell you how long finishes have been in the home. All components in the home have a "shelf-life." Understanding when they require replacement can help you make important budgeting decisions, and it will determine what type of home insurance coverage or warranties you should consider.
De Vivo suggests that home inspections can help buyers identify how much additional money or effort they are willing and able to spend to take the home to a condition that is personally acceptable. If you are unwilling to repair issues like faulty gutters, cracked walls, or ceilings, perhaps you are not ready to end your home buying search.
The home inspector is a valuable educational resource. They can suggest specific tips on how to maintain the home, and ultimately save you thousands of dollars in the long term, according to De Vivo.
Haskett advises that people use home inspection to understand the nuances of what may be the biggest purchase they ever make. "People fall in love with a piece of property based on the color of the walls, the location of the home, or something else; they are completely blind to the issues that can make that dream home a nightmare," he says.
Some insurance companies will not insure a home if certain conditions are found, or without the presence of certifications like Wind Mitigation and four-point inspections, according to Haskett. "Qualified home inspectors can do these things at the same time as their other services and save the home buyer time and money in the long run."
It is your responsibility to understand as many details as you can about the property you may soon call home. Home inspections reveal the inner workings of the property, allowing you to be informed of all the perks and pitfalls the home has to offer.