The Benefits of Home Inspection When Buying or Selling a Home
Home inspections provide benefits to home sellers because they produce information, that is guaranteed to be true, about all the systems within the home building. Selling prices can be determined in a large part to a home inspection’s findings. Potential home buyers can rest assured that they know all there is to know about the property in question by looking at the results of a home inspection. If you want an exceptional home buying or selling experience, learn about the home inspection benefits below.
Licensed home inspectors provide the home sellers with an inspection report within a week after the inspection, sometimes within 24 hours. The report contains details about all components of every system within the building which the inspector observed. Often the reports include photos. Reports can be up to 50 pages of information.
House reports often save potential sellers and buyers from lots of problems. Usually, this is because the surveys detect issues that need to be fixed so that either the seller or the buyer knows to take care of them. Rooting out and fixing these problems allows the future tenant to stay safe and comfortable in their own home, as well as save hundreds or even thousands of dollars in future repairs, for greater issues, if the problems are ignored. Problems that can be detected and amended in this manner include leaking heat pipe joints, mould and rot, dangerous electric malfunctioning.
Information found in a home inspection report usually includes: details about structural components like house foundations and frames; about outdoor features such as decks, balconies, paths and walkways, siding, driveways, railings, and soffit; roof aspects like shingles, skylights, and flashing; anything to do with the house’s electrical system, meaning pipes, drains, water heating features, and sump pumps; heating system components such as equipment and venting; cooling systems parts like distribution equipment and energy sources; indoor features such as walls, floors, ceilings, doors, windows, stairs and stair railings; ventilation and insulation, including those in unfinished spaces such as attics; and fireplace components, including chimneys and vents.
There are also items that a home inspector does NOT inspect in a basic home inspection unless they have the specific licensing required for the particular items. In most cases, a home inspector should never be taking equipment apart, putting holes into any walls, or digging any holes. Most home inspectors perform only visual inspections and therefore do not look at septic pumps, underground pipes, or items behind sealed walls during a home inspection. Items a home inspector does not inspect may include: swimming pools and hot tubs, central vacuum components, kitchen appliances, lawn sprinkler systems, systems for detecting and suppressing fire and smoke, alarm systems for detecting home intruders, television antennae and satellite dishes, sheds and garages (structures which are detached from the main part of the home,) wells, code compliance, environmental hazards like lead, radon, and asbestos, or pest threats such as termites. However, if you desire one of the speciality home inspection services listed above, you can shop around with various home inspectors, checking what they do and do not have the licensing to inspect based on your needs and find an inspector who has the necessary licenses, equipment, certifications, skills, or experience.
In England, home inspections are called structural or property surveys. One hires an architect or a surveyor to perform a structural survey. English prices for structural surveys range from 500-1500 pounds. A far less expensive but less comprehensive survey called a Mortgage Evaluation Report can be performed for 130-300 pounds. Mid-range level surveys called a Homebuyers Survey usually, costs 250-1000 pounds. In Italy, a “rough appraisal” is priced at 300 euros, while a full structural survey (which is rare) will cost approximately 1000 euros. These are just a few global figures for home inspections that can give you an idea of what you will be looking at, budget-wise. Clearly, costs can vary greatly depending on where you live and what level of home inspection services you require.