Home inspectors are a crucial part of both the purchase and sale of a home. Home buyers should be going into a sale knowing exactly what they’re getting out of the deal. Without a home inspection, you could miss a major problem in your new home that could have substantial financial consequences down the road. Many homeowners can’t detect these problems on their own, and realtors miss them too. That’s why it’s so important to have a home inspector work their magic before closing any home deal.
The Role of Home Inspectors
Home inspectors are trained to recognize defects and issues within the home. They’re responsible for reporting these issues to buyers before closing so they can make an informed decision before sealing the deal. Home inspectors should be experts in all systems and components of the house and must be skilled to be able to walk through the home and detect any problems. They’ll examine major systems, such as electrical, roofing, plumbing, heating/air conditioning, foundation and septic systems.
Home inspectors should not overstate or understate a problem. This can result in the potential buyer not going through with the purchase for the wrong reason, or the buyer incurring a big expense they aren’t prepared for. Most professional realtors recommend a home inspection to their clients as they want them to have the whole picture when it comes to their home. Since buying a home is one of the biggest purchases you’ll ever make, a home inspection is definitely a good idea!
The Impact on the Purchase of a Home
It can be tempting to skip the home inspection, especially if you’re looking to buy in a hot neighbourhood or have been on the search for a while. However, before leaving this kind of condition out of the contract, know that underlying problems can exist in a home without the current homeowners or the realtor knowing about them.
Having the home’s major systems checked by a qualified home inspector allows you to be better informed and able to assess whether or not you want or need to invest in making any upgrades or repairs to the home. You can even attend the inspection and ask questions in order to really understand what’s going on with the home you’re looking to buy.
The Impact on the Sale of a Home
If the home inspector ends up finding a major issue in the home you’re trying to sell, this can affect the price as well as the time on the market. Depending on the problem, you may have to invest money and time into getting it fixed, or you may have to lower the price to take into account that the buyer will have to put their money into fixing it.
If you are a homeowner, don’t try to conceal any problems that you already know exist. The home inspector will end up finding them and you can get in trouble with the law. Home inspection is one of the most significant hurdles for home sellers to clear, so do what you can do make sure the process goes as smoothly as possible. Clean out your closet of clothes, make sure all light bulbs are working, remove any items from the basement walls, change the filters to your furnace, and make sure the power is on if you home is vacant.
A professional home inspection is a significant part of the buying and selling of a home. Whether you’re looking to buy or sell make a home inspection part of the deal!