Buying a home in any market is a stressful and long-term investment. Wondering if you are getting the best price, what kind of neighbors you will have, if the home will turn out to be a money pit, and a host of other thoughts that pop into the mind in the middle of the night. It doesn’t have to be so scary though. Finding a qualified and thorough home inspector will definitely take some of these worries away. Below are some things that you should know about what your inspector does.
All too often new home buyers will decline having a home inspection in an effort to save some money. This is NOT a wise idea however. Depending. On where you will be buying, the cost of having a home inspected should cost no more than 1 percent of the purchase price, for example if you are paying $75,000 for a home, the inspection shouldn’t cost more than $750. That may sound like a lot at first, but it is nothing compared to having to have a new roof put on, because you didn’t have the home inspected and the roof was bad. The costs definitely off-set in the end; additionally a lot of times you can use the inspection fees as a negotiating tool asking that the seller pay for the inspection.
What they should be looking for
Home inspectors don’t have the ability to see through walls or into the future, so there are of course things that they will not be able to predict such as if the furnace that looked good during the inspection is going to decide to go out in a month. They are able to check for obvious and some obscure conditions that could possibly be an issue in the immediate future, though. Some of the things that they should be checking are:
- Electrical Box – The electrical main should be inspected to make sure that there are no obvious issues like loose wires, or tampered with fuses. They
can also determine if the box is up to code or grandfathered in. If it is an older box this could add substantial costs to any renovations that you might want to do later on that would have electrical work involved.
- Water Heater/Heater/Air Conditioning/Ceiling Fans – A basic inspection of the core elements of the home should be performed to see that they are in good shape and working order. They should be looking for rust, mold, and connection issues that might be a future problem.
- Crawl Space and Roofing – The roof and any crawl spaces should be inspected for leaks, mold, or insect issues. These types of repairs can be quite costly.
These are only a few of the basic areas in which a home inspector who is doing their job correctly, could save you loads of money in the long run. So, before you buy a home take the time to contact the American Society of Home Inspectors to find a qualified inspector to inspect your future home.