Many home buyers wonder what a home inspection entails and why they should get one before purchasing a home. A home inspection is an evaluation of the general condition of a property and is something Chisum Realty Group recommends on all home and condo transactions.
Once you have chosen a home, a certified home inspector will evaluate the general condition of both the interior and exterior of the property. This evaluation will include the plumbing, electrical, roofing, HVAC, water well, septic and structural condition of the home. Some people also choose to have a radon inspection and/or a termite inspection. The buyer is usually present during the inspection which usually takes 2 to 5 hours, depending on the size and condition of the home. The cost of a home inspection is usually done at the buyer’s expense and generally ranges from $300 to $600.
After the inspection, the home inspector will provide a formal report on the condition of the property. This report can determine any repairs that are necessary to bring the home up to a desired standard. This report can also help the buyer negotiate the price of the home and/or request that certain repairs be completed before closing.
Getting a home inspection is important because it helps you understand what you are buying before making such an important investment. It can also help you avoid purchasing a home that is in need of major and/or expensive repairs that aren’t obvious to the general home buyer.
Additionally, some home sellers choose to get a pre-inspection before selling their home. Although a pre-inspection is completed at the seller’s expense, it can give the seller time to make necessary repairs in order the protect the value of the home. Getting a pre-inspection can also attract more potential buyers by showing them in advance that the property has no major hidden issues.