Ins and outs of home inspection
Home inspection is a crucial step in the home buying process. After finding the perfect house, you will want to ensure that there are no hidden faults that may require lengthy and expensive repairs or renovations down the line.
1. The buyer is responsible for the inspection. Give yourself ample time to find a reputable home inspector by asking for a referral from your real estate agent, and do research online.
2. Home inspectors are usually generalists. They will evaluate most areas of your home such as; foundation, basement, plumbing, electrical system, heating/cooling systems, walls, floors, ceilings, and attics.
3. Buyers can attend the inspection. This is an opportunity for you to get any outstanding questions regarding the condition of the house you are purchasing answered.
4. You have options if the inspection uncovers a problem. If the problems discovered are serious, like structural damage or safety issues, the seller is legally required to fix them. You also have the option to back out of the purchase without facing any consequences. If the problems are smaller, you can submit a formal request for repairs and negotiable for them to cover some or all of the cost.