Want to buy the best property possible? But wish for a chance to save thousands of dollars at the same time? Home inspections are the way to go—trust us.
Home inspections can help you make the right choice as you’ve got professionals backing up your property-related decisions. With the checklist we’ve made for you, you can make the most of the inspection when hiring a professional! But first, let us take a deep dive into inspections.
What Is A Home Inspection?
Home inspections are the process of hiring a professional to inspect a property you’re interested in buying closely. They prepare a comprehensive report that explains the house’s current condition, main components, repair and update requirements, and potential issues you might face in the long run. The 4-point inspection is also crucial especially for homeowners insurance companies before they approve their clients’ desired coverage plan.
How To Find An Inspector?
Referrals are a common way to hire inspectors. Your broker can recommend great local home inspectors to help you out. You can also look for online real estate forums that grant services around the area of your potential home. Lastly, you can talk to colleagues, neighbors, friends, and family members for any recommendations for home inspectors they trust and have had good experiences with.
But the process of a home inspection is so much more than simply hiring a professional home inspector. You need to do some homework beforehand for a smooth inspection process. Here’s a house inspection checklist to help you out!
1. Research Well
Hiring a home inspector can seem to be a daunting task. However, you must do a bit of research before signing a contract.
Speak to your broker or estate agent to know who they have good relations with. When you’re making an appointment, ensure you confirm all about their available services; ask if they provide repairs along with their inspections. This is also the perfect time to inquire about any additional inspections you need and wish to schedule. Finally, make sure to get confirmation on the price/fees.
2. Get A Contingency Agreement
People often miss out on this important technicality when hiring an inspector. A home inspection contingency is a legal clause, much like insurance, that states that your property purchasing decision is contingent on the inspection. That means you can walk out of the purchase if the property results in the home inspection aren’t satisfactory without losing any money.
When signing a contingency agreement, you will be informed of the time frame within which you can get the inspection done and cancel your property purchase. This can help protect you from dealing with property renovation-related problems later.
3. Be Present
It is ideal that you remain present during the inspection to monitor the process and ask related questions to the expert. This also allows them to learn about the replacements and alterations you have in mind for the future.
4. Know What You’ll Be Looking At
Being present is important, but knowing what you’re going to look at is essential. Don’t show up clueless; do a little research to learn what you will inspect with the expert and what you should be paying attention to.
5. Understand The Report
Take time to carefully look through the report and understand every aspect necessary for a home buyer. You could perhaps sit with your home inspector and walk through the entire report together.
Carefully craft notes about minor or major repairs, red flags around the property, and things that need your immediate attention.
6. Ask For Repairs
If the report shows significant damage around the property, ask the seller for repairs before making the purchase or demand a discount. Negotiation is the key to closing a great deal when buying property, and after all, wouldn’t you want to put your home inspection results to good use?
Home inspections should be your priority when buying a new home. While some may think that hiring a professional home inspector is expensive, it’s an investment worth making; they can help you potentially save thousands of dollars by preventing you from making a bad property deal.