In the excitement of finding your dream home and making an offer, it’s natural to want to push forward as fast as possible. However, the inspection is a critical step in the home buying process—and you will want a realistic idea of the home’s reliability. If you are relocating to another area of the country, the home may face different challenges than your previous home.
Definition and Scope: According to the International Association of Certified Home Inspectors, a pre-purchase inspection is a non-invasive, visual examination of the accessible areas of a residential property. Its purpose is to identify and describe any current defects. It isn’t a prediction of future problems or every issue that may exist or could materialize.
There are eight key areas that trained inspectors usually focus on when evaluating a home:
- Basement, Foundation, Crawlspace and Structure
- Heating and Cooling
- Attic, Insulation and Ventilation
- Doors, Windows and Interior
Although it may seem logical to schedule an inspection before making an offer, it typically occurs after you make an offer. This is due to the fact that a fee is charged for this service and you probably wouldn’t want to pay for numerous inspections. To reduce the possibility of purchasing a money pit, nearly all offers are contingent upon a passed inspection. It may also require the seller to make needed repairs, pay for them or give you the opportunity to reduce the selling price.
HomeAdvisor says that the average cost per home is $200 to $400, depending on the size of the property. Some buyers spring for an extended inspection that also includes checking for mold, asbestos, radon and/or sewer issues. This can add a significant amount to the price. However, if serious issues are suspected, discovered and fixed, it’s best to address them before moving in.
As you head into the home stretch of your house-hunting journey, be sure to take time for a quality home inspection by a trained professional. This will lead to peace of mind and a smooth transition to your new home.
Jun 26, 2019