7 Things You Need to Know About Home Inspections Before You Buy
When you’re buying a home, one of the most important steps between signing the contract and closing is the home inspection. It’s a chance to check that everything in the house is in good working order, and it could save you from expensive surprises down the road. But what exactly does a home inspection involve, and why should you care? Let’s break it down.
1. What Exactly Is a Home Inspection?
In short, a home inspection is a professional evaluation of a home’s condition. The inspector looks at everything from the roof to the plumbing, electrical systems, HVAC, and even the fireplaces. Some may also test for hazardous substances like radon, lead paint, or mold. It’s like a full-body checkup for the house, making sure it’s healthy and safe for you to move in.
2. Are Home Inspections Required?
No, home inspections aren’t mandatory. But they’re highly recommended. The home inspection contingency—or Buyer’s Right to Inspect—in your purchase agreement means the sale is dependent on the home passing the inspection. This gives you a chance to address any issues before finalizing the transaction. Some buyers may choose to waive this contingency to make their offer more attractive in a competitive market, but that’s a risk you’ll want to weigh very carefully.
3. Who Does the Inspection?
Home inspections are usually performed by certified professionals from organizations like the American Society of Home Inspectors (ASHI) or International Association of Certified Home Inspectors (InterNACHI). These professionals are trained to spot potential issues that could turn into costly repairs later. If you’re wondering who to call, I can help you find a trusted inspector in our area who will give you an honest, thorough evaluation. Check out the Real Estate Resources of my website for a place to start.
4. Who Pays for the Inspection?
Typically, the buyer is responsible for the cost of the home inspection, though there are exceptions. Some sellers may opt to do an inspection before listing their home to avoid surprises later on. If they do, they could even offer to cover some or all of the inspection cost as part of the agreement. In other cases, buyers might negotiate for the seller to cover the cost of the inspection, especially if major issues are found during negotiations.
5. Can I Attend the Inspection?
Yes, and I highly recommend it! Being there during the inspection can be incredibly valuable. Not only will the inspector show you the home’s key systems, but they’ll also point out any areas that need attention. It’s a great opportunity to ask questions and get a clearer understanding of the home’s condition. At the very least, I recommend being there for the last 15-30 minutes to get a recap. Being there for the entire inspection could bog down the process for the inspector.
6. How Long Does the Inspection Take?
The length of an inspection varies depending on the home’s size and condition. On average, expect the process to take about two to three hours. The inspector will take their time to thoroughly evaluate everything, and it’s important that they do so. Rushing through this process could mean missing hidden issues, and no one wants that!
7. What Happens if Problems Are Found?
Inspectors don’t just check for major issues—they also make recommendations for maintenance or future repairs. Common issues found during inspections include foundation problems, faulty wiring, poor drainage, HVAC system issues, and safety concerns (like a lack of smoke or carbon monoxide detectors).
If an inspection uncovers serious problems, you have a few options:
- Negotiate Repairs: You can ask the seller to address major issues before closing.
- Ask for a Credit: You may ask the seller to cover the cost of repairs in the form of a credit at closing.
- Walk Away: If the problems are too much to handle, the inspection gives you the option to walk away from the agreement without penalty.
“As-Is” Listings: What Does That Mean?
When a home is listed “as-is,” it means the seller isn’t offering to make any repairs or offer concessions, even if the inspection reveals issues. Buying “as-is” comes with risks, but it might be a good option if you’re prepared to take on the repairs yourself. If you’re considering an “as-is” property, let’s talk about your options and how to protect your interests.
Key Takeaways:
- A home inspection helps ensure the property is in good condition and safe to live in.
- While not required, home inspections are a crucial part of protecting your investment.
- You can attend the inspection to ask questions and understand the home’s condition.
- You have options if the inspection reveals issues—whether it’s negotiating repairs, requesting a credit, or walking away.
- “As-is” homes carry additional risks, so be prepared.
I know navigating the inspection process can feel overwhelming, but I’m here to guide you every step of the way. Whether you need help finding an inspector or figuring out how to handle a problematic inspection report, I’ve got you covered.
Want to dive deeper? Check out the full Consumer Guide to Home Inspections for more details.
