A home inspection is a visual inspection of a property, from foundation to the roof, by a professional home inspector. Most often, the inspection is part of the buyer's due diligence to make sure the home is safe and everything is functioning as it should prior to the purchase of a home.
Is a home inspection required? A home inspection may be required by your lender to qualify for a home loan. If you are not getting a loan, or if your lender doesn't require it, you do not have to have a home inspection. However, home inspections are highly recommended for your own protection.
What do home inspectors look for? A professional home inspector who is certified by the National Association of Home Inspectors will look at the condition of the home, including the heating system, central air conditioning system, roof, attic, and insulation, walls, ceilings, windows, floors, the plumbing and electrical systems and the foundation.
How much does a home inspection cost? A home inspection can cost anywhere from $300-$700 depending on the size of the home. Other inspection services, like mold inspections and pest inspections will cost more. A house is likely the biggest investment you will ever make, so spending several hundred dollars on an inspection can provide you with information about the need for repairs or maintenance that may affect your buying decision make sense.
Can a house fail an inspection? No, home inspections are not pass or fail. Home inspections are examinations of the systems and structure of the home. You will receive a report of the condition of various systems and structures. As a home buyer, this can help you make a decision on whether you want to continue with the purchase of the home, ask for the seller to make repairs, or ask for a dollar amount off of the sale price to make repairs.
When can I hire a home inspector? Home inspections are more common during the sale of a home. However, if you are planning to sell your home, you may want to hire a home inspector before the home is listed, so you'll know of any problems or repairs that need to be made. This also offers some peace of mind for potential home buyers, that you've already taken steps to fix anything that may have come up on the inspection report.
If you are planning to purchase a home or are planning to list your current home, please reach out to Sallan Real Estate. We would be honored to assist you however we can.