Buying a home is one of the most important decisions for anyone. That is why it is so important to get the home inspected before you sign those papers.
Visiting different locations, contract negotiations and the pile of paperwork makes the process of purchasing the house a tiresome task. In addition to this labor, you should get it inspected to avoid unexpected problems. This will prevent you from having to pay even more money out of pocket after purchasing the home. It also will give you an idea if you are paying the right price for the property.
What is a home inspection?
A Home inspection is an economical method of getting an in-depth analysis of the condition of the house. It is generally performed at the time of sales. The areas of study include the inspection of plumbing and electrical components, air conditioning system, roof of the house, etc.
A Home inspection is performed by a professional inspector who prepares the analysis report and assists the buyer in understanding the quality of the house they are going to buy.
Types and significance of home inspection
There are several types of home inspection which people conduct to gain confidence in the property they are going to buy.
- Residential inspection
A Home Inspector will examine the roof, exterior, electrical, HVAC, plumbing interior, ventilation, insulation, and structure. After the inspection, they will provide a detailed report mentioning improvements needed to bring the house to current standards.
The inspection report of the home may reveal the things which are expensive to repair. This could help in price negotiation.
Repair costs can be subtracted from the selling price if it is too high. Alternatively, you may search for another house if you do not find the results satisfactory.
- Termite inspection
Inspectors check for damaged wood or signs which confirms any further damage that Termites could cause. Generally, the inspector charges extra money for termite inspection. He may also suggest other qualified experts.
- Radon Inspection
Radon is a chemical substance that is formed by the breakdown of Radioactive radium. It forms naturally in the areas above granite. This chemical is not good for health. Randon can naturally accumulate in the closed areas like basements. Its level varies, so measurement of the peak of its value is essential.
The radon test is conducted by placing the testing device on the lowest level of the house, and it’s left there for 2 to 7 days. After this process, samples are sent to the laboratory for testing. If the results come positive, the inspector would suggest some ways to fix the problem which could be expensive although some affordable options are available.
Some general home inspectors will do radon testing at an additional cost. The inspector needs to be asked if he provides this service or not. If not, experts can be contacted.
- Tank Inspection
Tank inspection includes an oil tank, water tank, and septic testing. This inspection also provides the report on the quality of water. The general home inspectors are usually capable of doing this test but at extra cost.
Getting the home inspected is a valuable investment so you can purchase your dream home with confidence and a peace of mind.
Do not cancel the deal if the inspection report contains a few negative statements. Use them for price negotiation. However, if the inspector thinks that the home is beyond reasonable repair, keep searching. You do not want to settle on something so important.