A home inspection is an opportunity for the buyer to identify problems in the house before sealing the deal. On the other hand, it provides a chance for sellers to deal with those problems and negotiate the price.
The home inspection is essential during both, home buying and selling process. A licensed professional will thoroughly review the home to detect the underlying issues, from structural damage to electrical or plumbing problems. Most lenders require this type of inspection as it ensures adding transparency to home sales.
According to a survey, 86% of homebuyers who scheduled an inspection discovered things that required repairs. Moreover, 46% of them said it allowed them to negotiate a much lower sale price. Whether you’re a home buyer or a seller, here’s what to expect from a home inspection.
Home Inspection Checklist
- Exterior: A home inspection will usually begin with examining the exterior. So the inspectors will first check if the paint is flaking. They will also evaluate the condition of the siding and ensure that the window seals are intact.
- Foundation: When examining the foundation, the inspectors will look for cracks in the ceiling, exterior walls, and ceiling.
- Structure: A structural inspection will confirm the structural soundness of the property.
- Interior: The inspectors will examine the ceilings around the windows and pipes in every room to detect leaks, areas where the floor may be sagging.
- Plumbing and electrical: Inspecting the electrical and plumbing structures will allow you to make repairs or replacements.
What to Expect During a Home Inspection
Once the home inspector examines the home, they will provide an in-depth written report with results. Generally, a home inspection requires two hours, but it may take longer if the house is bigger. The inspector may need a few days to prepare the written report after the home inspection.
Buyers must attend the inspection to explore their new home and ask questions during the process.
The Red Flags
A home inspection can reveal several potentially serious problems. For example, if it has an old tile roof, you may have to prepare for an expensive replacement. Extensive damages may cause prospective buyers to have second thoughts. They could also negotiate a lower price or request the seller make repairs.
If you need an in-depth home inspection, reach out to us at Whole House Home Inspections. We offer various inspection services, including termite inspection, mold inspection, roof inspection, pre-drywall inspection, radon testing, air quality testing, and more. Click here to learn more about us.