It is a very usual practice in the US residential real estate industry for the buyer to get the home that he proposes to buy inspected before he signs on the dotted line to purchase. This exercise is assigned to an expert agency chosen from a host of agencies specializing in delivering these services. The home inspection companies charge a service fee ranging from US$ 300-600 for the services rendered. Getting a home inspected is an important tool that the buyer possesses to get a expert opinion on quality and technical details of the construction of the house. Majority of the buyers do not possess adequate knowledge to evaluate whether there are any defects in the house that they are purchasing. The home inspection would make you aware of the various shortcomings and defects that they found during the course of their inspection by submission a detailed report to the service recipient. The agency also helps in educating regarding the nature of the defect and what are the implications of the defect. The report should be understood and discussed at length with the seller to enable him get the defects rectified.
A home inspection would normally cover the following aspects related to home construction:
• Structural elements used in the property construction –The agency would inspect the quality of concrete and other construction material like steel, cement etc to estimate the structural strength of your development. They would certify for strength of reinforcement used at the necessary places
• Evaluation of the exteriors
• Roof and Attic
• Electrical accessories and Equipment such as main electric panel, Air conditioning equipment, Water Heating Equipment, Chimneys and Hobs, Dishwasher, furnaces, sprinklers and other electrical components The home inspection report would assure of the quality of wiring and give you the necessary assurance that there is no chance of short circuiting or electrical socks.
There is no reason to be alarmed by the list of defects. You must however ensure that defects listed in the report are addressed by the seller prior to executing the deal. It is however your duty to ensure that you go back and check whether all the shortcomings have been taken care of. Categorize the deficiencies listed in the report into a minor or a major deficiency based on the nature of the defect and the amount required to repair. Focus on the major items and ensure there is no pending item in this category.
Most sellers would also get their home inspected and it is always a good starting point. In case the seller has already taken necessary actions to rectify the situation, you may be inclined to get another home inspection done. Look at the time elapsed since the last home inspection was carried out. Rely on a professional home Inspection agency certified by the National Association of Certified Home Inspectors (NACHI). This would ensure that quality standard of inspection is good. The home inspection agencies take no more than 24 hours from the end of their physical inspection to furnish their final report.
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