Homebuyer Questions about Home Inspections

Submitted by AaronLore on Fri, 12/13/2013 - 16:24.

Homebuyer questions about a home inspection


When buying a home you are buying a payment for the next 30 years so it would be to your advantage to know exactly what you are going to be paying for. The relatively small fee for the inspection is great insurance against buying a "money pit". Take for instance did you realize the high levels of radon in Fort Collins, or the low areas of possible flooding in Evans and Longmont. Did you know of the clay soils in some areas of Loveland that will damage the structure. Here in Windsor we have both Clay soils and a possibility of flooding. Did you know of the termite issues of the area and how to determine if you have termites? All of these things could make your life lousy so wouldn't you like to know about them before you sign the papers?

What is a home inspection?

A home inspection is an objective visual examination of the physical structure and systems of a property, from the roof to the foundation.

Why do I need a property inspected?

Buying a home can be the largest single investment you will ever make. To minimize unpleasant surprises and unexpected difficulties, you will want to learn as much as you can about the property you are about to purchase "BEFORE YOU BUY IT".  A home inspection may identify the need for major repairs or builder oversights, and will explain the need for maintenance to keep the property in good shape. After the inspector is finished you will know more about the property, which will allow you to make an educated decision with confidence. If you are already a homeowner, a home inspection can identify problems and the inspector can suggest preventive measures that might help you avoid costly future repairs. If you are planning to sell your home, a home inspection can give you the opportunity to make repairs before a buyers inspection shows the problems and you are forced to make the repairs before closing and possibly holding up the sale of your home. For whatever reason you are needing a home inspection Aaron takes extra care in making sure that you completely understand the conditions of every system of the property, and he can help you find the right contractor to fix whatever issues that might arise.

What does an inspection include?

The standard inspector's report will cover the condition of the property's structural, heating & air conditioning, plumbing, electrical, roof & attic, walls & ceilings, floors, windows & doors, and foundation's , components. Then after the inspector is finished inspecting the property he will set done with you to explain what he has found.

How much will it cost?

The fee for a typical inspection varies geographically as does the cost of buying a property. Similarly, within a given area the inspection fee may vary depending on a number of factors such as size of property, its age, and also if you have optional services such as septic, well, radon testing included in the inspection. Do not let cost alone be a factor in deciding whether or not to have an inspection or in the selection of the inspector. The sense of security and the knowledge gained is well worth the cost. The lowest priced inspection is not necessarily a bargain. Use the inspector's qualifications, including experience, training, and professional affiliations as a guide.

Why can't I do it myself ?

Even the most experienced homeowner or even a builder lacks the knowledge and expertise of a professional inspector. An inspector is familiar with the elements of construction of the property, proper installation, maintenance, and safety. He knows how the systems and components are intended to function together, as well as why they fail. Above all most buyers and sellers find it difficult to remain completely objective and unemotional about the property, and this may have an effect on their judgment. For accurate information it is best to obtain an impartial, third party opinion by a professional in the field of property inspections.

Can a property fail an inspection ?

The answer is no. A professional inspection is an examination of the current condition of the property. It is not an appraisal, which determines the value of the property. It is not a municipal inspection, which verifies local code compliance. An inspector will not pass or fail a property, but rather describe it's physical condition and indicate what components or systems may need repair or replacement.

When do I call an inspector ?

Typically an inspector is contacted after the contract or purchase agreement is signed. Before you sign make sure the is an inspection clause in the contract, making your final purchase obligation contingent on the findings of a professional inspection. This clause should stipulate the terms and conditions to which both buyer and sellers are obligated.

Do I have to be there ?

While it is not required that you be there for the inspection, it is highly recommended. You will not only be able to observe the inspection, but you will be able to ask questions as you learn about the condition of the property and how to maintain it. 

What if the report reveals problems ?

No property is perfect. If the inspector identifies problems, it doesn't mean you should or shouldn't buy the property, only that you will in advance what to expect. If your budget is tight, or if you don't want to become involved in future repair work, this information will be important to you. If major problems are found, the seller may agree to make the repairs.

If the property proves to be in good condition, did I really need an inspection ?  

 Now you can complete your purchase with a little confidence. You will have learned many things about your new property from the inspection, and will have that information for future reference. Without that home inspection you would not have known if it was good or not. And I have never done an inspection without at least explaining how to live in the home and how to maintain it over the years.

Submitted by AaronLore on Fri, 12/13/2013 - 16:24.