One of the most expensive purchases you will make in a lifetime is buying a new home. Therefore, it is imperative that you protect your financial investment with a thorough home inspection. The purpose of the home inspection is to notify the potential buyer of the homes condition before they make such a large purchase in DC Ranch Real Estate.
In general the purchase contract for a home is contingent on the outcome of the home inspection. This allows the buyer to cancel the contract, ask for repairs to be completed, and/or a reduction of the purchase price to compensate for the price of the repairs.
The cost of a home inspection is carried by the potential buyer. The price of the home inspection is a small amount in comparison to the large purchase price of a home, and is added insurance from costly repairs.
What should you look for when hiring a home inspector? The best place to get a good home inspector recommendation is through a trustworthy realtor in DC Ranch Real Homes for Sale. Just ask your realtor for their top three choices and research each one and make a final selection. Make sure that the home inspector you choose is licensed, certified, and participates in continuing education. While it is important to hire an inspector with all the previously mentioned attributes, it is also a good idea to find someone with home building experience. These types of inspectors are often the best because they have first-hand knowledge of the building process. A cautionary note for hiring a home inspector, make sure there is no conflict of interest. The home inspector should not have a repair business in which they are trying to solicit business for too.
What should you expect in a home inspection? The price of a home inspection can range anywhere from $300-700, but there are numerous add-on services that can increase the price. A home inspection can take about 2-3 hours to complete, depending on the square footage, and covers over 1000 items from the roof to the foundation. It is recommended that you accompany the inspector during the inspection to ask questions and get a better understanding of any issues. Expect to receive an inspection report that is professionally drafted on specialized software and includes pictures with a detailed explanation of problems. Always feel free to call the inspector with any questions you may have in DC Ranch Real Estate.
Remember that no inspection will ever be perfect, but at least you will be armed with the information to make an informed decision and have leverage to renegotiate your offer or cancel all together if need be.