Home Inspections - Money Well Spent
Depending on the type of financing you choose, there should be either 2
or 3 separate inspections on the home you want to purchase. The first
should be your own basic inspection ** , the second should be a professional whole-house
inspection by a reputable person. Should you select a government loan
(FHA or VA), the third inspection should come at the time of the
appraisal, which to some degree amounts to a "mini-inspection". Do not,
however, rely on this appraisal as your only inspection of the property!
Click this button to watch the home inspection video.
Home Inspections Find Defects
An extensive home inspection is very valuable to you. Many home
purchasers, either in the desire to save the $200 to $500 that a good
inspection costs, or due to simple ignorance, have spent enormous sums
of money repairing items that any good home inspector would have pointed
out. Any offer to purchase you make should be contingent upon (subject
to) a whole house inspection with a satisfactory report. Do not let
anyone--not the agent, not your family or friends, and especially not
the seller--dissuade you from having the property thoroughly inspected!
Not only will you sleep much sounder after you have moved into the
house, a professional inspection can give you an escape hatch from a
contract on a defective house. If the contract is written contingent on
an acceptable inspection, any defects in the home must be either
repaired or monetarily compensated for. If you are not satisfied,
you have the option to cancel the contract.
Inspections are designed to disclose defects in the property that could
materially affect its safety, livability, or resale value. They are not
designed to disclose cosmetic deficiencies (for example, an interior
wall that needs paint touch up). You will need to determine on your own
those type of items that will need attention: don't expect a whole house
inspection to reveal them to you.
Don't wait until you have placed an offer on a house before you begin
the search for a home inspector. There will be a time limit in the
contract designating when the inspection must be completed (typically
between 7 and 14 days). If you start trying to find an inspector at that
point, and cannot find an acceptable one to schedule it in that time
frame, you will only have two choices: go with an inspector that is not
your first choice, or run the risk of running past the deadline for the
inspection (which could void any chance having the seller take care of
repairs). Neither is an acceptable alternative!
The American Home Inspectors Directory
for a list)