A: Buying a home could be the largest single investment you will ever make. To minimize unpleasant surprises and unexpected difficulties, you’ll want to learn as much as you can about the newly constructed or existing house before you buy it. A home inspection may identify the need for major repairs or builder oversights, as well as the need for maintenance to keep it in good shape. After the inspection, you will know more about the house, which will allow you to make decisions with confidence.
A:The inspection fee for a typical single family house varies by geography, as does the cost of housing. The inspection fee may vary depending on a number of factors such as the size of the house, its age and possible optional services. Do not let cost be a factor in deciding whether or not to have a home inspection or in the selection of your home inspector. The sense of security and knowledge gained from an inspection is well worth the cost, and the lowest priced inspection is not necessarily a bargain. Use the inspector’s qualification, experience and training. Be sure to verify they are state licensed and insured.
A:Even the most experienced homeowners lack the knowledge and expertise of a professional home inspector. An inspector is familiar with the elements of home construction, proper installation, maintenance and home safety. He or she knows how the homes systems and components are intended to function together, as well as why they fail.
Above all, most buyers find it difficult to remain completely objective and unemotional about the house they really want, and this may have an effect on their judgement. For accurate information, it is best to obtain an impartial, third party opinion by a professional in the field of home inspection.
A: Home inspections are an extra expense and usually optional, so do you really need one? Probably. Money might be tight for closing, but try to imagine moving in and finding out that the air conditioning unit isn't capable of cooling the house, or that portions of the electrical system are substandard, or that the chimney needs immediate repairs.
A: First, your offer to purchase should have included a detailed statement regarding your rights to a home inspection. The standard contract used by real estate agents may give you the right to back out of a contract if a home inspection uncovers more problems than you are willing to deal with. If it does not, the wording should be added in the form of a contingency.
A: Yes, new construction isn't always problem-free.
