The Home Inspection
The home inspection process is a professional, objective, and visual examination of the condition of a home. Home buyers who are now entering the marketplace view inspections as a way to gain valuable information about the biggest purchase of their lifetime. It helps them determine whether there are any major defects or system inadequacies at the time of purchase.
In most cases, the home inspection process performed after a sales contract, conditional upon a satisfactory home inspection, has been accepted by the seller. The inspection can usually be arranged immediately to within a few days. The home buyer is typically encouraged to attend the inspection, so that he/she can see firsthand the workings of the home. It also represents an excellent opportunity for the prospective buyer to ask questions about the home or to discuss potential changes.
Home Inspector’s Role
Home inspections should also highlight the positive aspects of a home. In fact, many of the home inspectors’ observations or recommendations help to dispel home purchaser anxieties, and provide useful repair suggestions.
The home inspector’s service to the purchaser is primarily one of education. The goal of the inspector is to provide the purchaser with a better understanding of the physical condition of the home in order to aid owners and buyers make well-informed decision. It is also the inspector’s role to keep his findings in perspective for the buyer. After the inspection is completed, a written report should be prepared for the home buyer, documenting the results of the inspection, along with an estimation of repair time frames and costs.
“Home inspections should also highlight the positive aspects of a home.”
Don’t Be Confused
The home inspection should not be confused with an appraisal, a municipal code inspection, an environmental audit, or a home owner’s warranty. A complete home inspection should cover all of the major systems of a house, including structure, exterior, roofing, electrical, heating, cooling, insulation, plumbing and interior. As a minimum, an inspection should meet the International Code of Ethics for Home Inspectors (InterNACHI). Consumers should be very careful when shopping for a home inspector. The industry on the whole is unregulated and many unqualified people offer home inspection services.
After the Home Inspection
So, you had the home inspection. That is great! Next, you will have the seller repair some or all of the items that came back on the inspection report. The owner lets you know that the repairs are made and you can move forward with the closing date. Everything is perfect, right? Maybe and maybe not.
Once you have closed on the house and get the keys, you go out to the house to find that some or maybe all of the items you requested to have repaired were not completed. It is estimated that 80% of the time the current owner will not correctly repair at least one of the items in the home. Either the home owner did the repairs themselves, a contractor did not do all the work he claimed he did, or some of the items were simply overlooked. Doing a Re-Inspection is the best way to know that all the items were completed and there are no surprises and the end of the sale.
The best time to do a re-inspection is as soon as all the repair items have been completed by the seller. This gives the home inspector more time to collect the needed information and go to re-inspect the property. The home inspector will only go and look at the items that were requested to be repaired. It is important that the inspector be privy to all the contractor receipts and work orders to make sure all items were completed. If items are found to have not been completed or not completed correctly, the inspector will write a report explaining his findings. The sooner the re-inspection can happen, the less of a chance of the closing date being pushed back do to repair delays and a better peace of mind the buyer will have going to the closing table. It is also highly recommended that the buyer go with their realtor for a final walk through a day or two before closing just to make sure everything is in proper order.
The home inspection process should be a smooth one and it should end with peace of mind. Selecting a certified and well recommended home inspector will help to achieve this end result. When you consider the fact that your home will not only be the largest purchase most ever make, it will also be the place that everyone and everything you love will be. You want to protect them and all your valuables. Understanding the home inspection process and using it to your advantage is a first step in a long and happy life in your home.
“When you consider the fact that your home will not only be the largest purchase most ever make, it will also be the place that everyone and everything you love will be.”