What Happens During a Home Inspection?
If you’re buying a home, you’ll likely have to pay for a home inspection. This guide explains what happens during an inspection – from start to finish.
What Happens During a Home Inspection?
A home inspection is an examination of a home’s condition. It’s typically performed by a professional home inspector, and it may be required by your lender before you can close on a home.
During a home inspection, the inspector will take a close look at the property – both inside and out. They’ll assess the condition of the home and record any potential problems.
The inspection usually takes place after you’ve made an offer on a home, but before you close on the sale. This gives you an opportunity to back out of the deal or negotiate with the seller if any major problems are found.
Related: What does it mean to purchase points to get a lower interest rate?
What Does the Inspector Look for?
The inspector will look at a variety of factors, including the home’s:
- Foundation
- Roof
- Walls
- Ceilings
- Floors
- Doors
- Windows
- Electrical system
- Heating and cooling system
The inspector will also check for signs of pests, mold, and other potential problems. They’ll prepare a report detailing their findings, which you’ll be able to use to make decisions about the sale.
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How Much Does a Home Inspection Cost?
Home inspection fees vary, but they typically range from $200 to $500. The cost will depend on the size and age of the home, as well as the location.
You may be able to negotiate who pays for the inspection as part of your offer. For example, the seller may agree to pay for it as a way to sweeten the deal.
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What Happens if Problems Are Found?
If the inspector finds any major problems, you’ll have to decide how to handle them. You may be able to negotiate with the seller to have them make repairs before closing on the home. Or, you may be able to walk away from the deal entirely.
It’s important to remember that every home has some imperfections – even new construction homes. The key is to find out about any serious issues before you buy so that you can make an informed decision about whether or not to proceed with the sale.
Related: 3 secrets for home-buying success in today’s red-hot market
Should You Skip the Home Inspection if You’re Buying a Home?
Even if you’re buying a new home, you should still get a home inspection. New homes can have hidden problems, and an inspection will give you peace of mind knowing that the home you’re buying is in good condition.
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