5 Top Reasons to hire a home Inspector

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Real Estate

Home Inspections

Atop the long list of items to do when buying or selling a house is the home inspection. But what is involved? How much does it cost? Why is it done in the first place? It’s important to understand what a home inspection entails and how it affects the sale of your home or the purchase of a new one. The more you know, the less likely you are to get ripped off or taken by surprise.

And the more you will know about the home you are purchasing.  Aside from the top 3 - age of roof, age of water heater and age of AC unit, an inspection will tell you what type of electrical panel is installed, the location of the main water valve, functionality of the appliances and the red flags of any structural imperfections.  Not to mention the pool that you absolutely love.

My client lives in a beautiful unit along Fort Lauderdale beach.  She is now thinking of buying the unit.  Since she has been living in the unit for almost a year, the thought of saving a few hundred dollars crossed her mind.  After my insistence, she agreed and the unit was inspected.  Well..... moisture was detected on the ceiling of the shower.  What does this mean?  It means that the unit above has a leak in the shower area.  This is an ongoing issue that was undetected and would have been discovered after water showered into her unit like Niagara Falls.  

What is a Home Inspection?

First of all, let's talk about what a home inspection is not.  It is not  an appraisal.  It is also not a code inspection and therefore does not report on building code compliance or give a “passing” or “failing” grade. It is defined as an objective visual examination of the structure and systems of a home by an impartial, neutral third party not related to the buyer or seller. In layman’s terms, it shows you what’s wrong with the property you want to buy or sell and if it is serious enough to prevent a sale. It is also used to negotiate credits for items that are health and safety related.

The three main points of the inspection are to evaluate the physical condition of the home, including structure, construction and mechanical systems; identify items that need to be repaired or replaced; and estimate the remaining useful life of the major systems, equipment, structure, and finishes. Bottom line: a home inspection is to inform the buyer of any readily visible major defects in the mechanical and structural components, and to disclose any significant health or safety issues.

In South Florida, In addition to the home inspection, a Lender may require a 4 Point Inspection and a Wind Mitigation Report.  Generally, all inspections are scheduled and conducted on the same day.

What Does a Home Inspection Cover?

A home inspection includes a visual examination of the house from top to bottom. There are hundred of items a home inspection covers, including general structure, flashings, basement or lower level, framing, central cooling and heating, chimneys, plumbing and electrical systems, drainage, bathrooms and laundry facilities, foundation, common safety devices, fireplaces and wood stoves, kitchen and kitchen appliances, general interior, attic, insulation. ventilation, roof, and exterior.

An inspector cannot report on defects that are not visible. For instance, defects hidden behind finished walls, beneath carpeting, behind storage items and in inaccessible areas, and even those that have been intentionally concealed. Systems that are seasonally inoperable (swamp coolers, air conditioning, furnaces) will not be turned on during the inspection.

How Do I Find an Inspector?

To hire an inspector, get recommendations from your Realtor, or from friends and family. When interviewing inspectors, be sure to ask for references and any memberships in professional associations. Find out about the inspector’s professional training, length of time in the business, and experience.

It’s a good idea to be present during the inspection for a couple of reasons: First, you can ask the inspector questions after the inspection. Also, the inspector will have the opportunity to point out areas of potential trouble. Many inspectors also will offer maintenance tips as the inspection progresses.

Is the Seller Obligated to Make Suggested Repairs?

It depends on the type of purchase contract.  In South Florida, the AS-IS Purchase Contract is the most readily used contact for the purchase of a home.  The seller is not required to make any repairs, replacements or maintenance since this is not a code inspection. However, the buyer can use the inspection report as a negotiating tool. For instance, if certain repairs or replacements are made, the buyer might offer to pay more, or if they’re not, the buyer can bid lower.

Also, never allow an inspector to contract with you to make repairs he/she has suggested — this is a major conflict of interest, not to mention unethical. However, some inspectors do offer a guarantee or warranty on their service for an additional fee, although it is not a standard practice and not required.

How Much Does it Cost and How Long Will it Take?

Remember that a thorough, accurate home inspection takes time. The last thing you want to do is to try to hurry the inspector along. The inspector’s most important priority is accuracy, and accuracy takes time. The chances of mistakes and missed conditions are much more likely the more the inspector rushes through. Expect your home inspection to take anywhere between two and five hours (allowing about one hour for each 1,500 square feet of living space over 3,500 square feet). Of course, older homes will take longer than newer ones.

Expect your inspection to cost anywhere from $200-$1000 depending on size. The cost is worth it and may be one of the most important investments you make when buying a home. 

 Top 5 Reasons to Hire a Home Inspector?

1. Learn about Red Flags 

2.  Learn about the systems of the home

3. Learn how to best maintain your home

4. Inspection Report is a reference guide for years

5 5.Your Realtor is insistent