Buying a home can be a long and complicated process. With finding the home you want, making an offer, and securing financing, it is easy to see the challenges. One element of the buying process you may not fully understand is the home inspection. This guide will help you understand a few key things about the home inspection process.
Optional, Yet Important
You are not required to get a home inspection, but they really are beneficial for you, the buyer. The inspector will be able to find any issues with the home's construction and underlying systems. If issues are found, you will be able to negotiate with the seller.
In some cases, you can request that all repairs and updates that are recommended on the inspection report are completed before closing. Or, you can request that the seller lowers the price of the home to cover the costs that you will have to make for the repairs/updates.
It is also important to remember that if there are serious issues found, you can back out of the sale, ensuring you do not purchase a money pit.
Contractors Are Not Inspectors
If you are considering a home, you may think you can hire contractors or ask friends/family to check out the home prior to closing to determine if there are any potential issues. Although helpful, a proper home inspection is needed if you want to negotiate terms with the seller.
When you are arranging a home inspection, you need to hire an actual home inspector who is licensed and certified in your specific state. This will ensure the inspection is completed efficiently and effectively, providing you with a detailed and professional inspection report that can be used in contract negotiations.
Documentation Is Essential
If you do negotiate with the seller to complete the repairs before closing, make sure they provide you with documentation proving these tasks were completed. For example, if the seller replaced windows or appliances, you will want to have this documentation if and when you have warranty questions/concerns in the future.
Also, if certain parts of the home needed to be brought up to code before closing, having documentation proving the updates were completed will be important if you choose to sell the home in the future.
A home inspection does not have to be a stressful or complicated task. This guide will help you understand the importance of an inspection before buying a home. Learn more from a company such as Denmark Home Inspections of South Jersey LLC.