Importance of Asking the Cost of Home Inspection

Home inspection is generally about the overall checkup of the house by a certified home inspector. An assessment of the overall structure of a property is conducted. The major systems of the house is inspected. The cost of home inspection is one of the things being asked by home buyers and sellers when looking for the right inspector. The inspection is now necessary in order to come up with the idea about the property investment. In this days, wise people know the value of home inspection.

The cost of home inspection varies on the scope of inspection. Home buyers and sellers must be aware of the factors that affect the prices of the inspection. It is the right of every buyer to ask what is the scope covered. Every inspector has its own checklist. The different areas covered by the inspections are itemized on the said checklist. This checklist helps the inspector in his or her inspection. Home inspectors check the structure of the house, the visual inspection of the roofs, chimneys and rain gutters. Typically, what is being inspected are- the foundation of the house, possible termite damage, the electrical wiring, heating and air conditioning system and plumbing system. Water system is also checked for damages including the walls if with leaks and molds.

Apart from asking the cost of home inspection, the client who could be a home buyer or seller may ask about the qualification of the home inspector. Example of these are the school and the certificate where the inspector has attained them, the classes or trainings taken. The home buyer may also ask if the home inspector has taken an exam with National Home Inspector Examination, where the competence of the candidates are measured. Home inspectors who are members of any professional bodies like National Association of Home Inspectors and American Society of home Inspectors are known to be highly-skilled. There are series of trainings needed in order to be a member of these organizations.

Prices also vary depending on how skilled the home inspector is. An experienced home inspector knows how to spot problems in a property. He or she provides knowledge to the home buyers or sellers about major problems needed to fix and suggests solutions when necessary. The estimation of the cost of damage and repairs can also be provided accurately by well-experienced inspector of the property. The reports provided to the clients are the final output of the inspection. Report is an assurance that the house was inspected, the damages or the flaw of the property is major or minor and whether the property is a sound residential investment.

In considering a franchise, there are credible franchise companies where an individual may partner to. One must know the total cost of home inspection business. Based on the experiences of some individuals, anyone may tell that this business is high in demand. Home inspection is a promising career. The economic downturn could have been a threat to the home inspection industry but in reality, the demand still soars because of the continuous changes in the needs the people when it comes into housing.

Myths You Mustn’t Believe About Home Inspections

There are a lot of false ideas going around about house inspections and the process and need for hiring home inspectors. Believing these myths could in many cases cost you a lot of money. So in the interest of saving you as many headaches as much cash as possible, here is the truth about some of these myths.

1) The report from the inspector serves as a list of needed repairs that the seller must address. Truth: The seller has the option of using this list as a list of repairs, or alternatively as a tool for negotiating, to help move the deal along.

2) There’s no real difference in home inspectors. Truth: A person is not qualified as a home inspector just because he or she claims the title-or even if they’re certified. In fact, some states don’t even require that an inspector have a license. Therefore, it’s essential that you examine the person’s credentials carefully, and if you’re not familiar with the certifying body, investigate them to make sure they are credible. It’s also a good idea to visit to make sure that the inspector is a member of ASHI, the American Society of Home Inspectors. Finally, find out how many inspections they do in a typical year. You want to hire someone who does somewhere around 200 annually.

3) If your house is being sold “as is,” there’s no real need to hire an inspector. The truth: It doesn’t matter. An “as-is” home should still be inspected, since these houses aren’t sold totally defect-free-but rather, with defects that have been left unrepaired.

4) You don’t have to be there as the inspection takes place. Truth: While you don’t legally need to be there, it’s still best if you are. This way, you’ll learn how the various systems in your house operate, and you’ll also gain a greater knowledge of the exact condition of the home. Also, it’s easier to ask both the inspector and seller questions if you’re there at the time.

5) Homes that are newly built don’t really need to be inspected. Truth: According to a recent investigation conducted by CONSUMER REPORTS magazine, about 15 percent of newly-constructed homes are sold with serious flaws. Another study found that 41 percent of new houses had problems like moisture and mold, while about 34 percent had structural / frame issues.

6) Most houses only really need a termite inspection. Truth: While home inspectors do check for termite damage, there are many more potential problems than just these pesky bugs. A good home inspector will examine the house’s overall structure, the electricity, plumbing, central air and heating, and structural problems.

7) All you really need is a qualified person to give you an assessment of the property’s condition; a professional inspector is not needed. Truth: Unlike the so-called “qualified person,” a professional inspector will log his or her findings in a legal, written document. This becomes a formal and factual statement of everything discovered about the property. Legally, this is much more forceful than an oral assessment that has no written documentation to back it up.

8) It’s enough to have a general contractor conduct an informal home inspection. Truth: There are many states that legally prohibit a general contractor from performing home inspections. Since this person will likely be performing the repairs that are to be done, it is considered a conflict of interest. While it’s true that a contractor is often qualified to make the same assessments as a professional home inspector, the inspector has a knowledge of mechanical, plumbing, fire safety and electrical issues for a variety of structures, in a variety of ages, that the contractor might not. He also often knows building codes better than the contractor. Most importantly, his future work will not depend on how many problems he finds with your property-as the contractor’s might.

9) If the property has recently been appraised, or if I intend to have it appraised before purchase, there’s no need to have it inspected. Truth: While an appraiser can be expected to call your attention to major problems associated with the house and property (for instance, a foundation that appears to be cracking), they normally will not have the training that the home inspector has. As a result, they normally will not do a job that is as complete or detailed. You can almost certainly be sure, for instance, that they’re not going to make a trip to the rooftop to examine the structure up there.

10) Taking a walkthrough through the house and around the property serves the same purpose as a home inspection. Truth: No home-buyer should consider a walkthrough a replacement for a formal inspection. A walkthrough will provide you the chance to verify that things which the home inspector recommended has actually been done. But the inspection should take place several weeks (or possibly months) before the close, while the walkthrough occurs a few days before closing. So let’s repeat this principle: the walkthrough is a chance to make sure that repairs which the inspector suggested have been done; it is not a chance for the inspection itself. The reason is obvious: If the walkthrough is the first time that major problems are seen, there is little or no time to have them fixed before the scheduled closing. But even more importantly, the inspection is conducted by an objective third party-someone who is trained to see things that you might otherwise miss. A walkthrough is normally just you and the seller, neither of whom is probably as qualified to evaluate a structure as the inspector. Add to that the fact that the walkthrough normally moves rather quickly and you have a situation that is not at all conducive to a thorough examination of the property. So leave it to the professional to find those things that might cost you in the future. It might cost you a few dollars now for the inspection process, but not nearly as much as the damage to the house might cost you if you miss something important.

Your Home Inspection – Who Should Be There?

Whether you’re buying or selling a home, a home inspection is a significant part of the process. Who should be there besides the home inspector when it happens?

Let’s look at an important reason why you should be present when the home is inspected. Suppose you’re buying a home. Then you find all kinds of problems afterward, and you don’t believe the home was properly inspected. First, were you there when the home was inspected? Did you read the full report and not just a summary or repair request document?

It’s your home inspector’s job to discover and disclose whatever he finds regarding the condition of a home. However, if you’re not there when he does his inspection, you’ll miss key points.

Be sure to carefully review the report when you receive it. Ask for the inspector’s help if you’re unclear on something. Get with your real estate agent to prepare a repair request, if that’s needed.

What should you do during the home inspection? Your primary task is to observe and listen. Watch and get familiar with how your inspector does his job. Ask questions. He should welcome your participation in the inspection. There should be few if any issues you don’t know about after the inspection.

There’s someone else you may want present when the home inspection is performed-your real estate agent. If you’re comfortable with your agent, she can provide moral support for you during the inspection. Besides, your agent knows you may refer others to her if she’s supportive of you all the way through the buying or selling process.

If you haven’t met your home inspector in person before the inspection, perhaps your agent can introduce you to one another. Buying or selling a home can be a fearful ordeal. It’s one of the most difficult and costly decisions you’ll make. However, if the three of you get acquainted with one another, it can lessen the fear and tension. This can be especially true if you’re buying a home in a community strange to you.

It’s up to the agent what she does during the inspection, since she doesn’t need to participate as much as you. Nonetheless, it can help to know she’s there if you have questions or concerns for her. For example, if you’re buying a home that needs roof repair, she may be able to tell you if it’s covered in the sales contract.

Your real estate agent can also do a little, but important thing before the inspection even begins-open the door of the home. Your inspector shouldn’t have access to the home himself with you or your agent being there with the key. If he can’t get inside, he can’t do the thorough inspection he must do.

When the inspection is completed, your agent can sit in with you on the inspection wrap up and report review. If there’s a concern, the inspector can go over it with both you and the agent. Your agent can assist with anything relevant to the sales contract. It can clear up and avoid confusion if you and your agent see and hear the same thing from the inspector.

In summary, make it a point to be there when your home inspection is carried out. If possible, have your real estate agent there, too. This can take a lot of anxiety out of buying or selling a home.

Buying a Home Without Home Inspection? Proceed at Your Own Risk

There are often so many expenses associated with the purchase of a home that buyers will sometimes eliminate whatever they can in order to drive down the out-of-pocket costs. This can often include the home inspection. While it may seem as though it is an extraneous cost, the truth of the matter is that most buyers will eventually find that a home inspection is an invaluable tool that should not be eliminated.

A home inspection is a visual analysis of all of the systems within the home as well as the structure of the home. The goal of the inspection is to determine whether there is any area of the home that may not be performing as it should as well as whether there is anything in the home that is unsafe or beyond its useful life. Inspections cover not only the interior of the home but also the exterior as well; including the roof, foundation and drainage. If there are any problems discovered during the inspection, further evaluation may be recommended. While a home inspection is not a warranty, if the problems are significant, it could give the buyer some type of recourse including asking the seller to make repairs or canceling the contract, depending on the way the purchase contract was structured.

One of the most frequent questions a buyer asks about home inspections is why they need it. It is another expense, after all. The main reason for purchasing a home inspection is that it buys you some peace of mind and coverage. Without a home inspection, if something goes wrong with one of the major systems of the home after the closing, you have no avenue of recourse and it is your responsibility. Knowing ahead of time if there is a problem allows you to not only be more prepared but also gives you more options.

When looking for a home inspector it is important to verify the amount of experience they have in the industry and whether they have the proper amount of training. You should also look for a home inspector who is a member of a professional organization. Inspectors with affiliations or professional memberships tend to not only be more informed but also be more serious about their jobs. It is also important to look for a home inspector who carries professional liability insurance.

A thorough home inspection should cover the condition of the home’s electrical system, heating system, plumbing, central air condition system, the roof, visible insulation, attic, walls, floors, ceilings, foundation, doors, windows, landscaping, basement and visible structure.

The price you can anticipate for a professional home inspection will vary based on the area of the country where you are located as well as other factors including the type of home, the size of the home and features. Some inspectors may charge extra for any additional services you may require such as termite inspection, radon testing, septic and well inspection, etc. Make sure that you do not use the cost as the sole deciding factor for hiring an inspector. A professional, thorough inspection will help you to understand any potential problems in the home and is certainly well worth the cost. An inspector that charges significantly less than others in the area may not provide you with a full report. Remember, you get what you pay for. It will be much more expensive to repair problems that were left out of an inspection report that was not thorough.

It is important that you hire a professional, experienced inspector to inspect your future home rather than trying to do the job yourself. If you have already fallen in love with home you may not be able to be unbiased about possible problems. A good inspector has received training and experience that will allow him to provide a fair, unbiased report while also looking for clues to potential problems that might otherwise be subtle and even difficult to find.

When you have schedule the inspection, do try to be present so that you can review the report with the inspector and ask questions. This will also allow you to view potential problems with the inspector there and view for yourself the extent of the problem. Keep in mind that almost all inspection reports will show some problems. Even if the home is new construction there may be problems noted. Minor problems should be expected. Major problems typically require negotiation between the buyer and the seller for resolution, including a possible price adjustment or repairs made by the seller prior to closing.

A Home Inspection is Too Important to Forgo

One of the most important aspects of a home purchase is having a home inspection. A home inspection is crucial because it is your line of defense. A thorough home inspection may open your eyes to very expensive problems and provide the information that you need to make informed decisions about the house that you are thinking about buying.

As a purchaser you need to get as much information as you can about your potential house purchase. A properly performed inspection will take around 2-1/2 too 3 hours to perform. The cost of a good home inspector will range from $450 to $650 dollars depending on the area of the county that you live in. Home inspections in the northeast tend to be more expensive then those performed in the middle sections of the country.

The inspection report will provide information about the systems in the home as well as the defects and problems that are found in the home. A good inspection report will be narrative and clearly state the problems that exist in the home. The inspection report will also state the possible ramifications if the problems or defects are not repaired. The inspection will also describe all of the visible safety defects in clear language.

The home inspection may provide the buyer with the potential for re-negotiation with the seller. Although not its main purpose, if the inspection uncovers problems it often leads to a discussion or renegotiation of the purchase price. A good home inspection in most cases will pay for itself in terms of concessions from the seller and in peace of mind to the buyer of the property. You may be able to ask for corrective actions to be performed, credits back or you may be able to walk away from the transaction if more then expected problems are found in the home.

Some of the systems that will be inspected are the heating, air conditioning (provided it is warm enough), electrical, plumbing, roofing, chimney, basement, garage, attic, exterior, structure, foundation, windows, doors, walls, ceilings, flooring, ventilation, and insulation. Most home inspections will also include radon testing and wood destroying insect inspection as well.

The are some limitations to a home inspection. It is not a code inspection. The home inspector will not be able to comment on whether or not the structure and the systems in the home meet current codes. A home inspection is not a warranty. A home inspector can not foresee all unexpected breakdowns and malfunctions. Systems and components can fail without warning. You may want to consider purchasing a home warranty which may provide you with a greater peace of mind after you move into the home. An inspection is limited to the visual and accessible components only. The home inspector will not be able to inspect or comment on the hidden components in the home.

As with anything an inspection does have some limitations. But a properly performed and thorough inspection can bring to light many problems that you are not aware of and may save thousands of dollars in the long run. An inspection is too much of an important step in the buying process to forgo.