In our blog post, Appraisals vs. Inspections: Key Differences, we compared appraisals and inspections and explained why home buyers absolutely need both. Now, we would like to take a closer look at the home inspection process and what you should expect. During a home inspection, the home inspector will extensively examine the structural and mechanical parts of a home. These include:
- Electrical systems
- Air conditioning
- Septic tanks
We always recommend accompanying the home inspector, since you can learn a lot about your property, such as where the main water shut-off valves and electrical boxes are located. Additionally, home inspectors often have a lot of good advice on normal maintenance for your property. Keep in mind, a typical home inspection will uncover problems, but major problems should be your focus. If unfortunately, something large like faulty wiring or mold is uncovered, as a buyer you should have it contingent in your contract that you have an out from purchasing.
Clearly, home inspections are not only necessary, but also can be extremely beneficial to buyers. To learn more about home inspections or to find a qualified home inspector, visit the American Society of Home Inspectors (ASHI). For more helpful tools and resources for home buyers, visit our Resources Page.
Related: Appraisals vs. Inspections: Key Differences, 3 Common Contingencies in an Offer Contract