Typically, mortgage lenders require a home inspection to protect their investments, but even cash buyers are best served by scheduling an inspection. While an inspection won’t detail every problem with a home, it will outline any major issues that could affect the buyer’s ability to use the property. This guide will help you prepare for this part in the home buying process.
You Should Take the Time to Attend the Inspection
The time it will take to inspect the home will vary, depending on the size and condition of the home, but you should expect the process to take a minimum of two to four hours. While you’re not required to be there for the home inspection, it’s in your best interest to join the inspector. Being present will help you see specific areas that are mentioned in the final report and allow you to ask questions about the inspector’s concerns.
What Does the Home Inspection Involve?
A home inspection will only look at major components that affect the home’s livability. This includes determining the condition of the HVAC, electrical, and plumbing systems. The inspector will also look at the condition of the roof, walls, ceilings, and floors, particularly watching for signs of water, mold, and pest damages. The windows, doors, foundation, and basement will also be evaluated as a routine part of the inspection. Overall, the inspector will look for structural defects that could require significant repairs.
Be Prepared to Pay For a Home Inspection
While a seller may hire a home inspector and pay for the inspection ahead of listing the home for sale, buyers usually pay for the inspection as a part of the closing expenses. If you are buying a home, you should be aware that the average home inspection runs between $277 and $388. Obviously, inspections of smaller homes and those in better condition will cost less, while larger or older homes will cost more to inspect.
A home inspection is a necessary part of the home buying process that can help ensure you’re buying a property that’s in good condition. As this overview suggests, the inspection will help you identify problems with the home that may not be apparent to the current owner. In this way, the home inspection ensures you know exactly what your investment is worth.
This article was originally published on JasonCohenPittsburgh.org