What is a Home Inspection?
A home inspector evaluates the structure of the house, and gives feedback about other systems such as the roof, plumbing, electrical system, heating and air conditioning units, insulation, doors, windows and more!
Are Home Inspections Required?
Home inspections are an extra expense and usually optional, so do you need one? Probably. Money might be tight for closing, but try to imagine moving in and finding out that the air conditioning unit can’t cool the house, or that portions of the electrical system are substandard, or that the chimney needs immediate repairs.
What if the Inspection Uncovers Problems?
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. Don’t assume the seller will make every repair you ask for. They may refuse to make any repairs at all. Read your contract carefully before signing it so that you understand the rights and obligations of all parties. Never rely on a verbal agreement–agreements must be in writing to be valid.
Ultimately the decision to obtain a home inspection ensures your future investment!