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Why is a Home Inspection important for Buyers?

Why is a Home Inspection important for Buyers?

Super Admin

23 Nov, 22

The location of the house is excellent, fantastically built and the price is suitable. Let's finalize the deal but wait for a sec! You have not done House Inspection? That's gonna get you in trouble. But we are here to help you out.

The price of the property is appreciated over time. Besides nothing is wrong with doubling your wealth by investing in buying a property, especially a house. But the problem arises when you buy the house without a thorough Home Inspection.

In this blog, you will get to know about Home Inspection. You will get an understanding of the importance of Home Inspection. Most importantly after reading this blog, you will be able to finalize the best deal out there for yourself! Following are the points that we will cover in this blog,

  • What is Home Inspection?
  • Who to consult for Home inspection?
  • What is included in Home Inspection?
  • Importance of Home Inspection
  • Tasks to do during Home Inspection
  • What to do if something is wrong?

Here we go!

What is Home Inspection?

The main purpose of a Home Inspection is to identify and spot any defect that could decrease the value of the property. House inspection is the process that a buyer undergoes to check the state of the property he/she is going to buy. It includes all the necessary conditions that can lower the market value of the property. the thorough checking of the property decreases the chances of getting into a deal that you regret in the future. From the roof to the foundation, everything is observed. The defects spotted could be repaired and replaced by decreasing the price offered.

Who to consult for Home Inspection?

Before going for Home Inspection, make sure you have experience and knowledge. If you lack both things then you do not need to worry, because you can hire someone who could inspect the property. You can hire a professional inspector who would charge you for services and you can also consult any of your family member or friend who has bought a property before. Feel free to consult Bodla Group for any of your queries!

What is included in Home Inspection?

Now the real question arises what is and what is not included in Home Inspection? Well! It all depends on the property under inspection. Many factors must be kept in mind while going for a Home Inspection. The following are the things to be considered while having Home Inspection,

Structure:

The structural inspection is the visual inspection performed that helps to find whether the property is structurally sound enough and its the capacity to bear the load. All the components of the structure like columns, joists, beams, trusses, and foundation are checked.

Interior:

The inspection of the interior not only includes the visually appealing aspect of the home but also includes insulation and ventilation of unfinished spaces. The discoloration of walls indicates that there is structural damage due to using bad quality construction material so do not ignore any tiny details.

Roof:

Roof inspection includes structural, material, and workmanship inspection. You would need to look for leaks or damage caused by wear and tear, uneven roof planes, vents, downspouts, skylights, and any signs of sagging and incorrect flashing around roof penetration.

Plumbing:

Water penetration into walls and ceiling can cause a lot of damage and distress. Checking valves, water tank including underground water tank, interior pipes that supply water, and drainage system inspection is included in plumbing inspection. If you find damp walls then it means that there is a leakage due to the underlying pipelines.

Wiring system:

The inspection of the electrical wiring system involves the thorough checking of service drop, panel boards, main electricity board, grounding switches, light fixtures, conductors, etc. make sure to check all kinds of anomalies like expose wires, low voltage or high voltage as compared to other houses in the area, fuses, and breakers.

Exterior:

For exterior inspection, you need to check the location of the house, drainage including gutters and downspouts, Decks, patios, exit doors, windows, porches, balconies, stairs, and railings. The whole floor framing system is also important to inspect.

Importance of Home Inspection

Home Inspection can cost you time attention and money but it's worth it. You will get to fix the issues before you start shifting in the house or you could save your money by not buying that house. Following are the factors that make Home Inspection important,

Important information:

The outer architecture of the house might be amazing, but you don't know what's behind this visually beautiful house. Home Inspection reveals plenty of important information about your dream house. You will get to know the quality of the items used in construction.

Problem detection:

A thorough inspection will enable you to spot all the problems that you might not even think of while dealing with. Hire a professional inspector and observe him closely. Even by demonstrating you will be able to identify the blind spots that might need "touch-ups". The inspector will guide you and will answer your questions. He/she will also demonstrate the process of maintenance and changing the different items.

Protection of property

The house inspector can help you in Knowing the ways to the maintenance of the house, ultimately saving you a lot of costs. You can find an issue to negotiate with the seller. The opportunity of negotiating the reduction in cost or credit from the seller could be made. You as a buyer have potentially achieved leverage for bargaining over any defect.

Installation age

Another factor that makes a Home Inspection crucial is it will help you gather information regarding the items installed in the house. The useful life of items installed, the installation age, and how much time you might need to replace any item. Understanding the estimated time of replacement of the items can help you in budgeting decisions and allocation of the cost required. The inspector will spot the current condition of the structure.

Determining your deal breaker

You have a golden chance to identify your deal breaker. Home Inspection is important to know your willingness as a buyer to change the faulty items. Are you willing to repair the issues by asking the buyer to cover the cost or is it a deal breaker for you? If you are unwilling to fix the faulty wiring system, wear and tear in walls, faulty gutter, or internal leakage of pipes then perhaps you are not ready to end your home search.

“Unnecessary” Installation

Home Inspection is important because it also helps you to identify the systems installed in the house that are illegal or ethically not moral. It includes all the parameters like the presence of a non-permitted room or space that could get the buyer in trouble.

Home Inspection increase confidence

When you 100% know that the property that you are buying is free from every kind of defect, it boosts your confidence. You have peace of your mind because you have made a good deal.

Tasks to do during Home Inspection

If you have hired someone to perform a home inspection for you then you need to do the following tasks,

  • Make sure to be present during the inspection.
  • Keep in mind that the inspector is the source of valuable information. Ask as many questions as you can.
  • Note the defects and ask about possible solutions for fixing them.
  • Ask him/her to prepare a brief as well as a detailed report.
  • They can also suggest giving you a rough estimate of the shelf life of many things, so pay attention to those details too.
  • Do not forget to ask for his/her past experiences and whether are they certified.

What to do if something is wrong?

Following are the things that you can do if you identify any defect,

  • Double-check it from an expert. For example, if you spot an issue in wiring then consult a professional electrician too.
  • Simply Ask the seller of the property to fix the issue.
  • You can ask the seller to issue a credit for the estimated cost of repair if you have already purchased the property.
  • Even after spotting the defect if you think the property is worth buying and you can cover the cost in the future then go for it.
  • You have the right to walk away from the deal if it’s not suitable.

Conclusion:

Home Inspection is not the only thing important in finalizing the deal of your dream house. But there is no doubt that Home Inspection is crucial and can play a big role in making your money as well as wasting your money. If your seller already told you that a thorough inspection is already done, then still you must inspect from your side. Because the recklessness of one moment can cost you a lot. So, before you are making up your mind to finalize the deal of your dream house, do not forget to have a thorough Home Inspection! Feel free to consult Bodla Group for your required consultation. Our professional consults in property and construction will make sure that you don’t end up buying  a money pit.