As a home buyer, you should know about home inspections before buying your dream home. This knowledge is vital to help you prepare for any eventuality. Additionally, you may find it easy to budget for what may need repairs in your new home. More importantly, you’ll be better positioned to make an informed decision about whether or not to cancel a given offer. Do you need to consider a home inspection services in Surrey first? Read on to learn more about why you need home inspections, what they cover, and why it’s important.
Home inspection explained
During your home inspection, you may need the services of a professional home inspector. When you hire skilled home inspectors, you should expect a thorough job. These professionals check major components of your home, such as the roof, framing, electrical system, and heat/air conditioning.
This task should always come before you buy the property to be inspected. The good news is that the inspection process takes a few hours to complete. You must set aside a few hours to participate in this important exercise. Your home inspection can be done when the seller agrees with you on the offer they provide and before closing. For this reason, you will most likely schedule your home inspection exercise soon after signing the purchase agreement. This document gives your contract inspector ample time to access every part of your home and write a report before the agreed closing date.
The need for a home inspection
According to a Redfin report, about 20% of the winning bids had opted out of home inspection in June 2020. This is a 13% increase over the previous year (2019).
Typically, home inspections cost between $300 and $400. If there are significant problems within your home, you’ll easily spot them through an inspection before closing the deal with prospective buyers.
Emergency inspection can be helpful when the review of your home shows some serious problems. These issues may cause you (the prospective buyer) to back off or renegotiate the offer.
What is a home inspection?
Your contracted home inspectors will take the time to review the property’s details during the home inspection process. This professional will cover everything from the roof to the basement to the different rooms and sections of the property.
Remember, the inspection is intended to provide the property’s actual value. Therefore, the home inspector will conduct a review based on these main categories:
• The general structure of the property, including its foundations.
• Electrical and plumbing to ensure everything works as intended
• HVAC, including furnaces, air conditioners, and other related equipment
• Inspection of the kitchen, including appliances
• Roof, windows, and gutters
• Exteriors such as porches, driveways, and other spaces around the property
• Attic to find signs of leaks and mold.
Home Inspection Report
Home inspection reports are usually completed within a few days of inspecting the property. The information is then sent to you in PDF format or via an online portal. You can participate in the home inspection exercise and talk to the assigned inspector. In this sense, the inspection report will contain some big surprises.
It’s a good idea to read some of the issues on the report instead of having the inspector tell you. The report will surely give you valuable information you can discuss with your attorney, real estate agent, and possibly the seller.
Flaws you’re likely to read in the report include:
Signs of mold and mildew are a major concern for the buyer. Minor mold problems can be fixed quickly. But more widespread issues can lead to major repairs and cleanings.
Bad pipes and cracks in the foundation cause most leaks. A sign of an active or recent leak can be a bad sign for a newly built home. It often takes time and financial resources to locate and repair leaks. In most cases, these leak repairs can include new windows, a quick foundation repair, gutters, a new roof, and a complete overhaul of your entire plumbing system.
Electrical power reliability and availability have helped transform homes into gaming centers and offices, among other important things. Therefore, an old or faulty electrical system can be a big problem in your home, as it can cause serious problems at any time. With a proper inspection, your home inspector can quickly identify a faulty electrical system and fix it right before you move into your new home.
An effective home inspection process requires that you work with an experienced, professional, third-party auditor. The auditor or inspector will evaluate and provide a detailed report on the condition of the home you are about to buy. Even if you’re disappointed that the home you want to move into is in poor condition, it’s still prudent to confirm its condition before finalizing your purchase. A home inspection services in Surrey will help you figure out whether or not the property you are about to buy will give you good value for money. Therefore, always work with an honest and experienced home inspection company like All Happy Home Inspection.