Avoid These Inspection Mistakes When Buying Your New House
In the US, the median home price as of March 2020 was a whopping $320,000. According to a recent post by the Business Insider, it stood at $247,084 as of April 2020, a slight decrease from the previous figures. But even then, the statistics across the board still hold ground that purchasing a home is no joke. It is a huge lifetime investment.
When purchasing a home, you want to have it inspected so you can avoid inheriting damages and functional problems from the previous owner. Some of these issues can be really costly to fix, not to mention the frustration you will undergo after discovering you signed a raw deal. This is part of why home sellers should always ensure that the home is inspected before buying.
On the flip side of the coin, sellers are not to be left behind. It is important to have the home inspected before selling it so it can fetch more on the market. A home inspection allows you to note and fix issues so buyers can find the property appealing. These issues would otherwise be a turnoff to potential buyers or give them a reason not to pay more for your property. With this having been said, the icing is on the cake, and on this note, here are some home inspection mistakes to avoid at all costs.
1. Foregoing Inspection
Let us not assume that it does not happen because it does. A lot of people put their hard-earned money on a property without an inspection. While perfect is an overstatement, a home may look perfect at a glance, but wait until you take a keen look inside. You could be on your heels faster than you came in.
Well, as a buyer, you can use the inspection report to give the seller a list of the defaults to be corrected, which puts you at a vantage point on the negotiating table. As a seller, it’s easier to sell a home at a better price with a positive inspection report that everything is working well and in good order.
However, a home inspection could take several days depending on the size and design of the house. This is why some people tend to view it as costly in terms of time and money. But why risk buying a house only to end up spending more than you would have during the inspection? Dealing with issues like pest infestations, structural issues, mold, leaking roofs, and blocked sewer systems is the last thing you want as a buyer. As a seller, you obviously want prospective buyers to see themselves moving in already. In either case, avoid foregoing inspection at all costs!
2. Working with Just Any Home Inspector
The dream of owning a home may come to an end when a home inspection expert tells you to “just find another house.” They are not killing the deal, but rather, they are just doing their job the best way they know. They are saving you time and money, as well as sparing you from frustrations. However, this may not be the case when you hire the first inspector you come across.
When choosing a home inspector, seek recommendations from family and friends about a reliable and honest home inspector. Conduct research online and do your homework well to find the right home inspector for your needs. When you finally land on one or two, interview them to gauge their integrity and professionalism before hiring them. Validate their certification and, where necessary, ask to see reviews from past clients. Hiring the wrong home inspector can be a grave mistake. In a nutshell, some things to consider when hiring a good home inspector include:
- Licensing and registration
- Good reviews and references
- Inspection timeframe
3. Being Absent During the Inspection
Despite your busy schedule, find time to go through your future home with a professional. With that, you will know the defects and perhaps learn some basic maintenance tips for free. Ask any questions you may have and make sure you fully understand the home inspection report. This will help you know where to check when you need to see that things are in order in your new home. However, do not be taken away by your presence there. Avoid pointing out everything you may feel like it’s a mistake. Let the inspector perform his duties.
4. Skipping Re-Inspection
When you visit the site with your inspector and point out some issues, they are forwarded to the
seller, and they agree to fix the issues. While most sellers will fix the addressed issues, some may not. It is, therefore, important for you to re-inspect the house before you sign on the dotted line.
The inspector will professionally point out a problem you may not point out on your own. Either way, make sure you always tag along with your inspector on any official visit to the house. Make sure you make the best out of the contingency clauses.
5. Having Unclear Expectations
Nobody wants to settle on something that doesn’t make them feel happy and comfortable. When you and your inspector are out to assess your potential future home, be very open and clear in what you expect at the end of the task. Your inspector will be in a better position to advise you accordingly. It is very important to be precise about what you want in your future home, preferably even before the inspection.
If you want a deep inspection, be clear on it! Let the inspector run the appliances, test the main systems, evaluate the structure, locate the main shut-offs, and report all the findings. Do not expect so much from your inspector if you didn’t clarify it. Also, it is important to remember that the home inspector is not there to conduct any repairs. The most they can do is provide recommendations to you and the seller, so you two can deliberate on it and determine who will bear the costs.
In addition to these, you will want to avoid quickly going through the inspection report. It is important to find the time and peruse the report carefully so you can capture important details that you might miss if you hurriedly go through it. If you hire a good inspector, the report will be comprehensive and easy to grasp. If you are selling your home, remember to prepare your home for inspection in good timing to avoid inconveniences. With the above tips in mind, navigating home inspection becomes easier and less frustrating for you.
Next article: The Most Common Home Inspection Errors