Here are just a few questions that are asked about home inspections.
Is It Okay to Perform the Inspection Myself?
Inspecting your own potential house is not recommended. Home inspectors are specially trained to look for things you may miss. Unless you are a home inspector yourself, seek out a professional. Some states or financial lenders require a licensed inspector to complete the inspection.
Is Anyone Allowed or Required to Attend the Inspection?
The home inspection is a valuable experience for you as a home buyer and future home owner. The inspector should allow you to attend the inspection. You will be able to see first hand what potential problems exist now or may arise soon. Knowing what looks normal and what a problem looks like will help you later in maintaining your home.
Is it Possible for a Home to Fail an Inspection?
The inspection is designed to tell you what needs to be repaired on the house. There may be some requirements that the house needs to meet in order for your financial lender to lend you the money for the home. This does not mean that the house has “failed” the inspection and will not be able to be sold.
What Happens if There Are Problems Found During the Inspection?
There are potential problems that can come up during inspections. The seller of the home is not automatically required to repair any problems that the inspector finds. As the buyer, you can negotiate for the repairs to be made before you buy the home. If the seller is not willing to do the repairs for you, you will need to make other arrangements or terminate the contract. If you still want to purchase the house but are unable to get the financial lender to approve the loan until the repairs are made, you may have to make the repairs at your own expense.
What Is the Cost of a Home Inspection?
The cost of a home inspection usually comes out of pocket for the potential homebuyer. Costs can vary, depending on the size of the home and what options that are added to the inspection. Home inspections typically start at$350.