Understanding Your Home Inspection
It’s almost always a part of every real estate transaction and it’s highly recommended if you’re buying a home. A home inspection is a way to protect yourself from any problems that may come up once you’ve closed on the home. While it’s not necessarily required and it will cost extra, having a home inspection will save you money in the long run if a problem is discovered with the home up for sale. Cliffco Mortgage Bankers is in the business of helping customers achieve the dream of home ownership, so we want to make sure prospective buyers understand the process by letting you know what happens at a home inspection.
How Long Does a Home Inspection Take?
A home inspection is a “top-to-bottom review” of the home, according to the website nerdwallet. It usually takes about two to three hours to complete, sometimes longer. Among the things on the home inspection checklist, the inspector will look at will be the home’s physical structure including roofs, ceilings, walls, windows, doors, and floors. They will also check the home’s mechanical and electrical systems as well as heating, air conditioning, and plumbing.
How The Home Inspection Works
The inspector will take notes and photos while going around the home. It’s a good idea for both parties involved in the home sale to be at the inspection. The inspector will likely introduce himself at the beginning of the process and explain what he’ll be doing, according to Angie’s List. Inspectors will often answer questions while walking around the home unless they need to concentrate on something. It’s a good idea to write down any questions you might have.
Parties should understand that even the most thorough home inspectors aren’t going to find every potential problem in a home. They aren’t going to rip into walls so things like asbestos and bug infestations might not be discovered during the inspection.
Inspection Problems and Resolutions
But there are common problems found in a home inspection that often will be discovered. According to Realtor Magazine they include faulty wiring and issues relating to the electrical system like open junction boxes wires that don’t have wire nuts. Poor grading and drainage particularly around the foundation and signs of leaking or dampness in the basement. Flaws in the foundation and bent or clogged gutters, as well as gutters that don’t channel water away from the house, are also common issues found in a home inspection.
Roof problems such as brittle or curled shingles are often discovered as are poor ventilation and issues with heating such as extreme heat in the attic, cracks in the exchanger or water tank, or carbon monoxide leaks. Some common plumbing issues include inadequate water pressure, leaks on ceilings and slow drains.
At the end of the inspection, you will receive a report with the results. It will contain notes, summaries, and photos of potential issues. The report will estimate the remaining lifespan of the home’s system and roof. It’s very important that the buyer reviews the report and then discuss any issues they want to have addressed with their real estate agent. Parties usually come to an agreement to address these issues with the seller paying for the repairs. The seller is not obligated to do anything but runs the risk of the deal falling apart.
Cliffco Takes You Through the Home Buying Process
The home inspection is a critical part of the home buying process and can often be the final hurdle before you set up a closing. If you’re interested in buying a home, another critical step is your mortgage. Contact Cliffco Mortgage Bankers to see what you may qualify for.