You have probably found what you feel is a great home and you want to make it yours. You have also probably heard about home inspections and want more information. This is probably one of the most important steps that you can take in the home buying process. No matter how great the house looks and how good the deal seems, there is no way that anyone should buy a house without a proper home inspection.
You need to take a good and up-close look at the house you are thinking about buying before the offer to purchase is made. If the inspection does not turn up any major issues, safety concerns or foundation problems, you can plan to go ahead with the purchase.
And that is the purpose of a home inspection after all. It is meant to determine the condition of the home when the purchase is made and it usually discloses:
Serious defects or deficiencies - Generally considered those that will need repairs greater than $1,500.
Age and life-span of major components replacement and repair requirements.
Any positive aspects that the home may have.
General maintenance and safety information.
Any problems with the structure, roofing, interior and exterior finishes, electrical, plumbing, insulation, heating and air conditioning.
If you know what the purpose of a home inspection is and the things that it includes, then it is less likely that it will turn into a nightmare for you.
Once the inspection is conducted, the buyer will receive a copy of the inspector's report. It makes no difference whether the home is older or if was finished just a few days before the inspection. You can expect the report to include issues found by the inspector. If you are buying a new home, then you should be as nit-picky as you want and demand repairs.
On the other hand, if you are buying an older house, it is expected that it will have certain issues. The newer the house is, the less issues you can expect it to have and vice versa. In any event, you must submit a request for repair when you get the copy of the inspection report, and the seller must receive a copy of the home inspection.
You can now expect new negotiations to take place because you cannot demand for everything that is wrong with the house to be fixed. Any major flaws or defects have to be corrected, that goes without saying, but you will be expected to repair some of the things that the inspection turned up as a new homeowner.
This is going to be a give and take process and you cannot dig in your heels over petty issues or the deal may fall through. If you really want the house, you have to decide what you are willing to repair so that the deal can take place. In any event, it cannot be overstated that every prospective home buyer must have the home they are looking to buy inspected to avoid having to pay much more than they bargained for in the long run.
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