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Buying a home may well be the largest financial investment you will
ever make. Naturally you will want to know as much as possible about the
property before you finalize the purchase at closing.
It's important to hire a knowledgeable, independent home inspector for
advise on the overall condition of the property. The purchase contract
usually requires specific time periods for each inspection, and it's critical
that these time frames be met. Usually the cost for any and all inspections
and re-inspections are paid by the Buyer. Prices can range from $350 to
$500 for whole-house inspections.
Some examples of common inspections are:
- Structural - Defects caused by poor construction, soil
movement, water or drainage conditions, settlement, fire, etc.
- Environmental Hazards - Including asbestos, lead-based
paint, radon gas or any other toxic material.
- Roof - Can include framing members, decking and shingle
condition.
- EMP - Electrical, Mechanical and Plumbing - Should include
electrical and plumbing systems, built-in appliances, heating and cooling
systems, swimming pool/spas, sprinkler systems and security systems.
- Termite - Report would show any visible infestation or
visible damage caused by and wood destroying organism (termites, water
damage, wood rot).
Many companies specialize in only one area of inspection, and others
will group several together and offer a package price. Whichever route
you go, assure yourself your getting the inspections you need. Many can
be found in the yellow pages or your Broker can provide a list of several
of each to choose from.
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