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Why you
should get an Inspection
Whether
you are buying or selling a home, you should have a professional
home inspection performed.
A home inspection
will look at the systems that make up the building such as:
- Structural
elements, foundation, framing etc
- Plumbing
systems
- Roofing
- Electrical
systems
- Cosmetic
condition, paint, siding etc
If
you are buying a home, you need to know exactly what you are getting.
A home inspection, performed by a professional home inspector, will
reveal any hidden problems with the home so that they may be addressed
BEFORE the deal is closed. You should require an inspection at the
time you make a formal offer. Make sure the contract has an inspection
contingency. Then, hire your own inspector and pay close attention
to the inspection report. If you aren't comfortable with what he
finds, you should kill the deal.
Likewise,
if you are selling a home, you want to know about such potential
hidden problems before your house goes on the market. Almost all
contracts include the condition that the contract is contingent
upon completion of a satisfactory inspection. And most buyer's are
going to insist that the inspection be a professional home inspection,
usually by an inspector they hire. If the buyer's 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 buyer's 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.
It's
better to pay for your own inspection before putting your home on
the market. Find out about any hidden problems and correct them
in advance. Otherwise, you can count on the buyer's inspector finding
them, at the worst possible time.
Tips
on Reading an Inspection Report
When
interviewing a home inspector, ask the inspector what type of report
format he or she provides. There are many styles of reports used
by property inspectors, including the checklist, computer generated
reports, and the narrative style.
Some
reports are delivered on site and some may take as long as 4 - 6
days for delivery. All reporting systems have pros and cons.
The
most important issue with an inspection report is the descriptions
given for each item or component. A report that indicates the condition
as "Good", "Fair" or "Poor" without
a detailed explanation, is vague and can be easily misinterpreted.
An example of a vague condition would be:
Kitchen
Sink: Condition - Good, Fair, or Poor.
None
of these descriptions gives the homeowner an idea what is wrong.
Does the sink have a cosmetic problem? Does the home have a plumbing
problem? A good report should supply you with descriptive information
on the condition of the site and home. An example of a descriptive
condition is:
Kitchen
sink: Condition - Minor wear, heavy wear, damaged, rust stains,
or chips in enamel finish. Recommend sealing sink at counter top.
As
you can see, this narrative description includes a recommendation
for repair. Narrative reports without recommendations for repairing
deficient items may be difficult to comprehend, should your knowledge
of construction be limited.
Take
the time and become familiar with your report. Should the report
have a legend, key, symbols or icons, read and understand them thoroughly.
The more information provided about the site and home, the easier
to understand the overall condition.
At
the end of the inspection your inspector may provide a summary with
a question and answer period. Use this opportunity to ask questions
regarding terms or conditions that you may not be familiar with.
A good inspector should be able to explain the answers to your questions.
If for some reason a question cannot be answered at the time of
the inspection, the inspector should research the question and obtain
the answer for you. For instance, if the inspector's report states
that the concrete foundation has common cracks, be sure to ask,
"Why are they common?" The answer you should receive will
be along these lines: common cracks are usually due to normal concrete
curing and or shrinkage. The inspector's knowledge and experience
is how the size and characteristics of the cracking is determined.
I
recommend that you accompany your inspector through the entire inspection
if possible. This helps you to understand the condition of the home
and the details of the report.
Read
the report completely and understand the condition of the home you
are about to purchase. After all, it is most likely one of the largest
investments you will ever make.
Call
Jarrod Thompson at (561) 346-9100 or E-mail
to
jarrod@jarrodthompson.com
if I can help you to sell or buy a home!
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