A home inspection is an essential part of home buying as it allows the buyer to know what they are getting. A house inspection may be conducted after a seller receives and accepts a contingent offer for the property. The prospective buyer’s offer may include an inspection contingency clause (allowing the buyer to withdraw his […]
A home inspection is an essential part of home buying as it allows the buyer to know what they are getting. A house inspection may be conducted after a seller receives and accepts a contingent offer for the property. The prospective buyer’s offer may include an inspection contingency clause (allowing the buyer to withdraw his or her offer should the inspection unravel a major issue affecting the integrity, safety, or value of the property).
The cost of a home inspection service may vary according to the size and location of the building. This article focuses on the inspection of properties in Virginia. The buyer will pay a residential inspector to carry out the inspection. A house inspection has been tagged a smart investment that can ultimately save potential homeowners thousands of dollars (should it uncover any major issues before a buyer becomes obligated legally to the property).
How Would the Inspection be Carried Out?
A residential home inspector will examine the interior and exterior areas of the property before compiling a report on the state of the following:
– Electrical and plumbing systems
– Air conditioning and heating systems
– Roof, insulation, and attic
– Floors, walls, and ceilings
– Doors and windows
– Basement and Foundation
– Support beams
What if Issues Are Discovered After the Home Inspection?
Should several issues be identified following an inspection, the buyer can request repairs or any other kind of contract modification. The seller might agree to pay for repairs or choose to offer an allowance allowing the buyer to fix the issues after purchasing the property. In situations where neither party is willing to make repairs, the buyer can withdraw the contract.
What a Home Inspection Service is and What it is not.
A home inspection service isn’t invasive. The residential inspector won’t take things apart or cut into the walls. This, in essence, means that possible defects like hidden mold or pest infestations may not come up in the report (following the inspection). If a buyer suspects any particular environmental issue like termites, or if the property has a swimming pool, a specialized pool inspection may be required. A dedicated inspector does not usually check to see if appliances like the refrigerator and washer are working.
It is essential to indicate that an inspection isn’t intended as leverage during price negotiation. The offer has been already made and accepted in most cases before an investigation (based on the visible state of the home) is conducted. This doesn’t mean that buyers should not feel compelled to negotiate further on price according to the major flaws discovered after the inspection (insisting on a price reduction is normal in such cases).
A home inspection service is essential for prospective homeowners as it ensures everything goes accordingly. From the above, we can safely say that it provides many advantages to people looking to buy homes.