You've found the house, your offer has been accepted, and funding is in
place. But before you start packing, be sure you hire a professional home
inspector to make sure your house doesn't have any major defects that could
cost you down the road.
A home inspection typically includes an examination of heating and central
air conditioning systems, interior plumbing, electrical systems, the roof,
attic, visible insulation, walls, ceilings, floors, windows, foundations,
and basements. Inspections may also include appliances and outdoor plumbing.
Once the inspector examines the house, he or she will write up a report with
findings. If there are any major problems, you'll need to negotiate with the
seller to either lower the sale price of the home, or determine how the
problem will be fixed.
When you make an offer it's wise to have a contingency clause based on the
home inspection. In other words, if the inspector finds $10,000 worth of
problems and the seller doesn't want to provide the fix, you can rescind
your offer.
In fact, two in five resale houses will have at least one major defect that
could cost you from a few hundred dollars to as much as $15,000 to repair,
according to the 2000 HouseMaster Resale Home Deficiencies Study.
Spending a few hundred dollars for a home inspection is well worth the peace
of mind.
If you don't know how or where to find a home inspector, be cautious about
asking your real estate agent.
"Be careful, though, of inspectors who are popular with agents - that
popularity may stem from not killing too many deals by going easy on their
inspections," says Eric Tyson and Ray Brown in their book Home Buying For
Dummies (Hungry Minds, Inc., 1999).
Tyson and Brown say the American Society of Home Inspectorsis a good place to
start.
"Just because an inspector is an ASHI member doesn't guarantee that you'll
get a good inspection, but it certainly increases the likelihood that you'll
be working with a qualified professional," Brown and Tyson write.
All certified members have performed at least 250 inspections have passed
two written proficiency exams. They must also adhere to standards of
practice, continuing education requirements, and code of ethics.
The authors and the ASHI recommend you interview several inspectors before
choosing one. Some of the questions you should ask include:
What does the inspection cover? Make sure the inspection and the
inspection report meet all applicable requirements and comply with the ASHI
Standards of Practice.
How long have you been in the profession and how many homes have you
inspected? Again, ASHI Members are required to have completed at least 250
paid professional home inspections and passed two written exams that test
the inspector's knowledge.
Are you specifically experienced in residential inspection? The answer
should be yes. If someone says they have specialized training in something
like construction or engineering but not in residential inspection, you may
want to move on to the next candidate.
Does the inspector's company offer to do repairs or improvements based on
the inspection? The answer should always be no. This is against the ASHI
Code of Ethics because it might cause a conflict of interest.
How long will the inspection take? The average for a single inspector is
two to three hours for a typical single-family house; anything less may not
be enough time to do a thorough inspection. Some inspection firms send a
team of inspectors and the time frame may be shorter.
How much will it cost? Costs vary quite a bid depending on the region,
size of the house, scope of services and other factors. A typical range
might be $300-500, but consider the value of the home inspection in terms of
the investment being made.
Does the inspector prepare a written report? Ask to see samples and
determine whether you understand the report.
Does the inspector encourage the client to attend the inspection? This is
a valuable educational opportunity for you to learn about how things work
around what could be your house, and the inspector may point out things that
don't quite merit a mention in the report but which you should keep an eye
on. An inspector's refusal to allow you to be present should raise a red
flag.
Finally, once you've found an inspector you like, ask him for references,
then follow up and contact those clients. Two key questions - whether they
discovered any major defects after the close of escrow that the inspector
missed, and whether they'd use the inspector again.
Published: March 10, 2003
Use of this article without permission is a violation of federal copyright laws -- http://www.loc.gov/copyright.
Related Articles:
Getting the Most From Your Home Inspection
Scrutinizing Your Home Inspector: What to Do If You Dispute the Findings
Many Resale Homes Riddled With Deficiencies
Both Buyers and Sellers Benefit from Inspections
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