According to the American Society of Home Inspectors, many homebuyers are confused about what a home inspection really is, why it’s necessary and if a home can “fail” the inspection.
A home inspection is a visual examination of the physical structure and systems of a home from the foundation to the roof. It covers the foundation, basement and structural components; heating and central air-conditioning systems; interior plumbing and electrical; the roof, attic and any visible insulation; the walls, ceilings, windows and doors; and the floors. A good home inspection is an objective and thorough look at these systems to evaluate their condition and identify any problems.
Finding out about potential problems or needed repairs that may not have been obvious when you first fell in love with a home, could allow you the opportunity to negotiate splitting some of the repair costs. In many cases the seller is willing to make the repairs before you close. In rare cases an inspection may reveal conditions that make the purchase of that home no longer desirable. Most offers are written continent upon the results of the inspection for just that reason.
Don’t try to do the inspection yourself. Even the most experienced homeowner lacks the knowledge and expertise of a professional home inspector. A professional inspector will give you a detailed, written report of any systems that may need major repair or replacement. A motivated seller is unlikely to handle these repairs before the sale without such a professional report.
Homes don’t “fail” inspections. The inspection outlines the condition of the home and identifies potential and real problems. Inspection costs vary depending on the size of the home, its age and additional services such as septic systems or radon testing.
In most cases, you want to contact an inspector right after the contract or purchase agreement has been signed. Make sure there is an inspection clause in the sales contract so that your obligation to buy the home is contingent on the findings in the inspection report.
Most real estate agents have inspectors they work with but the choice of which inspector you use is up to you. You can ask friends or co-workers to recommend someone or check our “Support Resources” section to help find one.