Do I Need To Prepare for My Home Inspection?
In any Home Inspection no home is perfect. Anything from major damage to minor maintenance issues are often found. Even new homes are not immune – they could have problems with the plumbing, electrical system, heating and cooling system, or the roofing system just to name a few.
For homeowners, it’s important to be aware of any issues your home may have prior to putting it on the market.
Getting a pre-listing Tampa home inspection will ensure that you’re aware of any problems and can take care of them on your terms – or present them as-is and adjust your selling price proportionally. The alternative leaves you open to costly surprises and delays, and even potential deal-breakers once you’ve entered negotiations with the buyer.
For buyers, an inspection is vital to uncovering issues a home may have but are invisible to the untrained eye. Even if the inspection finds more problems than you’re comfortable with and you move on to a different home to start the process all over again, it’s money well spent. An inspection will give you the opportunity to ask the seller to make the repairs before you buy, or to back out of the contract. So be sure to ask for the “inspection contingency” when you begin to enter negotiations with the seller. This allows you to set a limit on the cost of repairs to the home. If the inspector estimates that repairs will cost more than the limit, the contract is voided. It is a good way to protect yourself from ending up with a home that requires repairs that you are unable or unwilling to pay for.
Before the Home inspector arrives, there are a few things you should know.
There are no federal regulations governing inspectors.
The laws are going to differ state by state. Therefore it’s important to interview your inspector or inspection company prior to hiring them. It is a good idea to hire a certified Home Inspector. Since each state is going to have their own standards of certification for inspectors – and some don’t even have any – credibility is a big issue in choosing the right inspector. Ask what certifications your inspector holds. Ask your inspector and then visit their website.
Once your inspector has arrived, it is recommended that you accompany him or her on the inspection of the property. This is so you can become familiar with the home and its systems as well as exactly what repairs the inspector recommends and why. You might also want to prepare a list of items that you’ve seen in the home that you feel are cause for concern as well as any questions you may have. The Home inspection is a great time to find out where the home’s water and gas shutoffs are and where the fuse box is.
Here are some other suggestions for homeowners:
- Accessibility: Make sure that all areas of the home are accessible, especially to the attic and crawl space. It’s also a good idea to trim any trees and shrubs that may make an inspection of the exterior of the property difficult.
- Housekeeping: The Tampa Home inspector may photograph your home for the inspection report, so clearing the clutter and moving vehicles from the front of the home will help the inspection go smoother.
- Maintenance: Repair minor things like leaky faucets, missing door handles and trim.
Inspection vs Appraisal
Do I need a home inspector when my bank is having the house appraised?
Yes! A house appraisal is an independent evaluation of the current market value of a house or property. In general, the purpose of an appraisal is to set the current value of a house so that a lender may determine how much it can loan to the buyer. The appraiser looks at similar properties in the area and the prices at which they were sold to set the value of the house.
A house inspector conducts a thorough evaluation of the houses major systems and structural integrity. Whereas the appraiser is typically working for the bank, the house inspector is working for you. The house inspector identifies items that need replacement or repair prior to closing, which can save you thousands of dollars.
U.S. Department Of Housing And Urban Development (HUD) requires buyers sign a Consumer Notice advising them to get a house inspection in addition to a house appraisal before purchasing a house with a FHA mortgage. Additionally, HUD now allows homebuyers to include the costs of appraisal and inspection in their FHA mortgage.
When buying a home, you should always have a professional home inspection performed. You need to know exactly what you are getting. The professional home inspection will reveal any hidden problems with the home so that they may be addressed before you close the deal. Making your buying decision much easier and more confident.
When a Tampa Home inspector we inspect the home we will look at the systems that make up the building such as:
- 1. Structural elements, foundation, framing ect…
- 2. Plumbing systems
- 3. Roofing
- 4. Electrical systems
- 5. Cosmetic condition, paint, siding etc…
The inspection report will tell you what needs to be repaired and what routine maintenance tasks you should perform to keep the house in top condition.
You should require an inspection at the time you make a formal offer. Make sure the contract has an inspection contingency. Then, arrange for an inspector of your choosing to come inspect the house and pay close attention to the inspection report. If you arent comfortable with what we find, you should demand that the seller correct the problems before closing or negotiate for a lower purchase price or better terms to compensate.
The professional home inspection will reduce the risk of costly surprises with what is likely to be the largest purchase you will ever make. It helps you to make a more informed, more comfortable decision.
If you are selling a home, you’ll get the highest price in the shortest time, if your home is in top condition. And you want to find out about any hidden problems before your house goes on the market. Almost all sales contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. This is known as the inspection contingency. Buyers will insist on a professional home inspection performed by an inspector they will hire. If the buyers inspector finds a problem, it can cause the buyer to get cold feet and the deal can often fall through. At best, surprise problems uncovered by the buyers inspector will cause delays in closing, and usually you will have to pay for repairs at the last minute, or take a lower price on your home.
Its better to pay for your own inspection before putting your home on the market. Having a pre-listing inspection done will make the whole sale process easier. Find out about any hidden problems and get them corrected in advance, on your own terms. Or present the items as is and reflected in the purchase price. Otherwise, you can count on the buyers inspector finding them, at the worst possible time, causing delays, and costing you more money.
One of the key benefits of having the inspection done early, is that if there are any problems discovered that need to be repaired, you can have the repairs done on your own terms, on your own schedule. When a problem isn’t found until the buyer has an inspection performed, the deal you’ve worked so hard to get done may fall apart unless you act quickly to get the repairs done. Or you may have to take a lower price, in order to keep the deal moving. In either case, you’ll almost certainly have more headache, and spend more money, than if you’d known about the problem and had it repaired before negotiations began. You could save thousands by simply being able to shop around and get competitive bids from contractors, rather than being forced into paying for a rush job at the last minute. Another area where you can save money is in having flexibility to choose the materials used in repairs. Sales contracts usually specify repairs must be made using materials of comparable quality. By identifying needed repairs early, you’ll have the option to save money by using less expensive materials for the repairs.
I hope this information helps you and stay tuned for more to come.
Call us for a Free Quote 27/7 at 727-224-0837 and Remember we service the following areas
Hudson Home Inspection, West chase Home Inspection, Tampa Home Inspection, St. Petersburg Home Inspection, Palm Harbor Home Inspection, Tarpon Springs Home Inspection. Safety Harbor Home Inspection, Clearwater Home Inspection