Here are some important questions you should ask your home inspector during or after the examination process.
Whether you’re purchasing a new family home or an investment property, it’s vital to get it examined by a professional inspector before you sign on the dotted line. This saves you from any unpleasant surprises after you become the owner of the property, and gives you a chance to discuss any issues with the seller, and negotiate with them with regards to who’ll address them.
Once the deal has been closed, and both parties have signed the contract, you cannot turn back—which is why it’s critical to learn as much as you can about the condition of the property and any potential problems that may pop up in the future. This explains why, according to a survey conducted by Porch,88%of all homebuyers used an inspector in their most recent home purchases.
In this blog post, we’ll go over some important questions you should ask your inspector during or after the examination process.
Are There Any Health and Safety Concerns I Need To Be Worried About?
The majority of pre-owned residential properties come with issues—mostly minor—that require replacements or repairs. Most buyers are aware of this fact and make preparations accordingly. However, if the property has a major issue like a fire or water hazard, or another pressing health and safety concern that’ll need to be addressed immediately, it’s a different story as it will need to be fixed immediately.
Ask your inspector if there are any out-of-code or outdated electrical wiring, gas leaks or plumbing leaks. If any of these issues pop up in the inspection report, make sure they’re addressed ASAP. Not doing so will not only jeopardize your family’s safety but may also lead to your home loan being denied at the time of underwriting.
What Will It Cost Me?
As we mentioned, nearly all pre-owned home inspection reports come up with a issues that need to be addressed—regardless of the age of the property. Although everything can be fixed, it’s important to know what it will cost, how soon the repairs need to be made, and if it’s worth it considering the property’s value. Many home inspectors have resources to professionals that can give you a better understand on items you wish to get fixed.
Which Repairs Should I Prioritize?
Not all problems that come up in inspection reports are of the same scale. As such, they should be treated differently. Go over the report with the inspector and ask them which of the problems require immediate attention and which ones can be fixed in due time. This will make it easier for you to create a budget and plan ahead.