Buying A Home And Time To Inspect

Dated: 06/26/2017

Views: 448

Home Inspections: Necessary or Nuisance?

You are about to close on your new house and the subject of the home inspection comes up. You understand this is something important but on the other hand, you're anxious to take possession of the property and are hesitant about taking on any unnecessary steps. Let’s just move in!

Wait a minute! Is that the right thing to do? Is a home inspection something you should skip? Isn’t this something easy that you could do yourself and save the money and aggravation of getting a home inspector?

Here are some thoughts on this matter:

  • You are not a home inspector! –No matter how easy you may think this is, it’s better to let the professionals do their job! Few of us have the knowledge needed to identify structural, electrical and plumbing problems. Additionally, even if you are knowledgeable, your emotional involvement in this process might get in the way of your doing a good job of it.

  • This is not a pass or fail test! – Even new homes have issues and it is quite common for an inspector’s report to include up to 50 or more issues. And no matter how long this list is, it does not mean that the house is not worth buying.

  • Home inspections do not predict the future! – The inspector’s report identifies issues that exist today. It can never predict what problems might arise in the future.

  • Check out your state’s licensing and certification requirements – You may opt for the specialist that your real estate broker recommends. However, should you decide to do the hiring on your own make sure you hire an inspector with plenty of experience? Look into the International Association of Certified Home Inspectors (nachi.org) for more information on selecting an inspector.

  • If you want to go, go! – Tell the home inspector you want to accompany during his assessment. This way he will be able to point out to you the things he is discovering. Also, his willingness to let you be by his side will show you his professionalism and how transparent his assessment is. Just remember that a thorough home inspection may take 3 or 4 hours for an average sized home!

  • Do not mix home repairs with the inspection – You do not want to hire a professional that will offer to fix everything he finds. He may end up “finding” many things that are not really necessary just to get to do the repairs.

Latest Blog Posts

FIRPTA Foreign Sellers And Buyers

What is FIRPTA? In What Way Does it Affect You?If we were to tell you that many properties in South Florida are owned by people with different nationalities it would certainly not come as a surprise

Read More

Your Home Capital Gains

Capital Gains and Real EstateBefore May 7, 1997, the only way you could avoid paying taxes on the profit you made from selling your home was to use that money to buy another, more expensive house

Read More

Looking To Retire And Downsize

Downsizing in Retirement: Your Only Option?It has finally happened: retirement is here. Your children have left home and you are more than ready to start this new chapter in your life. And since

Read More

Rent Or Buy

Struggling with the question, "Should I renew my lease or buy a home?".  Let's look at one very important fact... The average net worth of a homeowner is almost $200,000 while the

Read More