Monday 13 February 2017

House Inspections: A crucial need for buyers

House inspections are a limited examination of the condition of home often carried out before it goes out for sale. They are generally carried out by a home inspector who has an official training to conduct such inspections. The inspector makes a written report of his findings and delivers it to the customer. It focuses on the performance of the house rather than cosmetic, code or design issues.

Why do you need a house inspection?
It is important to conduct house inspection to avoid scenario where the buyer ends up purchasing a house and spending a lot of amount in repairs. It may unveil issues which are not visible to the buyer’s eye. A new home doesn’t mean it does not need inspection. Even an expensive new home does not equate to a well-constructed home. The price of the house can be also reduced or the seller can also be asked to pay for the repairs after an inspection.

Varied types of house inspections:
There are more than 15 types of house inspections. Companies like darbecca have different plans each of which contain some specific set of inspections. Out of those, following are the most popular and most commonly used types of inspections:
  • Home buyers inspection – In this, the person purchasing the property hire an inspector to bring out the defects and other flaws in the property.
  • Home sellers inspection – Here a house-owner hires an inspector to identify the problems and makes the necessary repairs so that the house is known to be in a good condition and to speed up sales.
  • Four point inspections – Insurance companies sometimes ask for an inspection of the roofs of the houses, HVAC, electrical and plumbing systems before providing insurance. The inspection is generally required on houses older than 20 to 25 years.
  • Disaster inspection – It takes place after a natural disaster when a large number of buildings are damaged.
  • Framing inspection – It is generally carried out when framing, exterior wall sheathing and electrical, mechanical and plumbing rough work is taking place. Frame Inspections are generally carried out at later stages of building constructions.
The pocket-pinch you might get:
The pricing of house inspections varies according to many factors such as age of the house, region, size, and some other factors. It might be a bit expensive in some cases but here cost does not always reflect quality. Generally you might have to spend around $300. Small homes, which are less than 1,000 sq ft., will usually vary below $200. Bigger homes, which are more than 2,000 sq ft., may cost you around $400 or even more.

What should be your final draw from this?
A home inspection undoubtedly gives the buyer a peace of mind and allows him to out his mind to rest that his house is in a good condition. It is also a potential tool in closing real estate deals and keeps the buyer aware of the future maintenance costs. The seller at many times can be seen to avoid such inspections. It gives us a sense of relief and safety to know that the house is in a good condition. It is a one-time investment and should be taken forward by every house-owner. If you do waive your inspection, you can get out of a contract but may lose your money in the process.

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