What is a home inspection and why is it important? Home inspection is an examination of a property without being invasive. This is usually done as a requirement for home purchase or sale. A professional home inspector does this. He is trained to inspect all areas of the house. He normally carries gadgets and other equipment to carry out his duties. After the inspection, he issues his home inspection report.
The home inspector covers a lot of area in the house. He checks the air conditioning system, the basement, electrical aspects, the heating system, the plumbing, structure, the water heater and the like. He checks for irregularities and for improper practices in the structure. He also checks for the different hazards that might be present at home such as those relating to fire and safety. He also points to the different maintenance issues that need to be addressed. The report will be given to the home owner. It is detailed there what needs to be done and repaired. The report will be the basis of the owner for repairs and upgrades.
A home inspection is very important especially to those who are planning to purchase a house. In fact, most real estate agents will require their clients to hire a home inspector before letting them purchase any property. Even the sellers are encouraged to have their property checked before opening it to the market. Some of the reasons why home inspection is important regardless of what party you are representing are stated below:
1. It gives you peace of mind. Once you have the property checked, you can be certain of its condition. You will have an assurance that the property is in good shape. If it is not, at least you are aware of what you need to repair or change.
2. This will also give you a reason to renegotiate the initial price presented to you. This is true especially if there are problems identified. Either the buyer can ask for a lower purchase price or the seller can agree to fix the problems.
3. After the home inspection, the buyer can change his mind. He can discontinue the purchase once he discovers that the properties have many problems. There are instances when repairs are not enough.
4. This will also set the expectation of the buyers or the home owner. If the inspector sees that a feature of the house is still working but may require replacement after three months, then the owners can prepare for it. The buyer, on the other hand, is aware of the additional expenses he might incur in the future for repair and maintenance.
5. Inspections also help the sellers. First, this will help sell the property faster. He can make the necessary repairs or disclose the problems to the buyers, which will explain the discounted value of the property.
Home inspection is indeed beneficial for both the buyers and the sellers. It may cost them additional charges, but it will definitely be worth it. Many buyers did not have their property inspected beforehand and regretted it because of the problems they are facing with the property acquired.