What is a home inspection?
A home inspection is a visual examination of the home’s major structure, systems and components that are visible and safely accessible. The inspector should substantially adhere to a standards of practice that outlines what should be covered during a general home inspection, as well as what is excluded. Some inspectors may strictly follow the standards of practice, while others may exceed the standards and inspect other items, or perform a more detailed inspection. Whatever the inspector includes in his or her inspection should be discussed prior to the inspection – this is known as the scope of work. The inspector should be able to provide you with a copy or online link to the standards of practice they follow. The inspector should provide you with a written report, which may include photos and/or recommendations, of his or her findings of the inspection. Read InterNACHI’s Standards of Practice to find out what is typically included and excluded in a home inspection.
Why should I get a home inspection?
Buying a home is typically the biggest investment you will ever make, so it’s important to get a home inspection because the inspector should be able to discover and document defects that may or may not be obvious to you as a prospective buyer. Such defects can range from simple replacements or repairs, to severe damage or safety and health concerns. Additionally, most mortgage companies require a home inspection on a property before approving the home loan. Read InterNACHI’s Top 10 Reasons to Get a Home Inspection.
How can I be sure that a home inspector is qualified?
It is important to choose a home inspector who is qualified and holds a license or certification in the field. Many jurisdictions do not regulate home inspections, meaning that anyone could call themselves a home inspector. However, just because someone performs home inspections doesn’t mean that they’re actually qualified to do so. If you are buying or selling a home in an unregulated jurisdiction, make sure to look for a home inspector with the proper certifications. If you are located in a state or province that does require licensing of home inspectors, you should hire only a licensed professional.
How much does a Home Inspection cost?
There is no set cost for a home inspection. The cost will vary based on the inspector, the local market, the geographic region, the scope of the inspection to be performed, and more. Before the inspection, you should find out what will be included in the inspection and what won’t, and these details should also be outlined in the inspection agreement that you will need to sign prior to the inspection.
How long does a Home Inspection last?
Depending on the home’s age, size, and location, as well as the home inspector’s own work protocols and ethic, your home inspection may take up to three hours. Adding square footage, outbuildings, and/or ancillary services (such as mold or radon testing) will increase that time. It may be necessary for your inspector to bring in a helper for a very large property. If your general home inspection takes significantly less than two to three hours, it may indicate that the inspector was not thorough enough.
At what point in the real estate transaction should I schedule a home inspection?
A home inspection is usually scheduled after an offer has been made and accepted, but before the closing date. That way, the inspector can rule out any major defects that could be dangerous or costly. In rare cases—due to timing or contractual issues—the inspection can be scheduled after the closing date. If this is the case, the home buyer should schedule the inspection for the earliest possible date after closing.
Should I be present for the inspection?
You should attend the inspection, and you should reconsider hiring an inspector who doesn’t allow this. You can learn a lot by following an inspector through the home. You will certainly gain a better understanding of the home’s condition, which will give you insight into its potential sale points and defects. Additionally, you will likely learn information about the home’s maintenance, systems and components that may provide useful for the transaction.
What happens if the inspection reveals problems?
If your home inspection reveals any problems, it is important to understand the severity of the defect. For example, a missing shingle or dirty air filter can be easily fixed at a low cost. However, if the defect is more extreme, such as a major foundation crack, wood-destroying organism infestation, or evidence of mold, you should find out how these problems can be addressed, and whether you can negotiate their cost with the seller. If it is determined after you move in that your home has a severe defect that wasn’t reported by your InterNACHI® Certified Professional Inspector®, you should check to see if he or she participates in InterNACHI’s “We’ll Buy Your Home Back” Guarantee.