After an offer on a home has been accepted, many homebuyers hire an accredited and experienced home inspector to evaluate the home. The inspector will carefully inspect each and every detail of the home and provide you with a detailed report which the buyer can then use to decide how to proceed with the purchase. Using this information, buyers can decide whether they want to follow through with the purchase or cancel it. If the repairs are not serious the buyers may want to as the seller to make these repairs or request a price reduction or credit to cover the repairs that are needed.
However, not all buyers utilize this opportunity or fail to realize how important a home inspection can be. Below we are offering you some tips that will ensure you get the most out of your home inspection.
• Be Present – It is common for many homebuyers to let their real estate agent handle the inspection without them being present. This is not recommended. The majority of real estate agents will handle the responsibility with care, but if you are not present you will not hear first-hand what the inspector has discovered or point out any issues that may make you reconsider purchasing the home.
• Verify The Inspector’s Credentials – Many states do not require home inspectors to obtain any formal training or get licensed or bonded. To ensure that your home inspector is a reliable professional, you should perform some research into the type of requirements your state has. If you fail to verify the level of experience of your home inspector, you may end up having an inspection done by someone who is not capable of recognizing serious issues.
• Inspect The Home Yourself – In many cases the home inspection is only the second or third time that a prospective buyer has the opportunity to view the property. Purchasing a home is likely the largest purchase you will ever make; it only makes sense that you conduct a detailed review of the property while you have the chance. You may also want to bring a friend or family member along to help you notice things that you may have missed. If you find something that makes you question whether or not you should continue with the purchase, you’ll be happy that you discovered it before you closed on the home.
• List The Costs Of Repairs – While you are touring the home you should calculate all of the costs associated with the repairs that you have noticed are needed. You should also include the costs of items that will need to be replaced, painted, improved and any landscaping needs. You should then add up these costs and obtain estimates pertaining to those repairs and improvements. This will provide you with an idea as to how much money you will need to spend once you move in.