| What is a Home Inspection?
Technically defined a home inspection is the visual examination of
the home to determine the condition of that home at the time of the
inspection. Home inspectors are highly skilled at determining a house's
condition, but they are limited to what they can access visually.
The main purpose of a home inspection is to determine if the home has
any existing major defects (usually defined as repairs costing $1,000
to $1,500 and up), or any major repairs coming up in the near future.
The inspector will point out smaller
defects during the inspection, of course, many small problems can add
up to a major cost.
An inspection will cover the following major system and
components:
Roofing, Chimneys and Flashing
Exterior
Structure
Electrical
Heating and Cooling
Insulation
Plumbing
Interior
The standard home inspection takes approximately two to three hours.
A quality inspection is very thorough, checking the home from the basement
to the attic and everything in between. Professional home inspectors
are highly skilled individuals with knowledge of all systems and components
of your home.
Why Have a Home Inspected?
There are several good reasons to have the home you are thinking of
buying professionally inspected. The first and most
important reason is knowing what you are buying. A quality home inspection
allows you to make an informed decision about your purchase. If significant
repairs are discovered during an inspection you should speak with your
real estate representative to discuss your options. It is quite possible
you will save money in the future by completing maintenance repairs
suggested by your inspector that would lead to larger repairs if left
unattended. Finally you will be able to continue with the purchase
of your home knowing the condition of your home - Peace of mind in a
very stressful time.
When Does the Inspection Take Place?
Your real estate representative should include a clause in your offer
making the purchase conditional upon a satisfactory home inspection.
The inspection generally takes place after you have negotiated the final
price. At this point you are pretty sure you will be buying the home;
now it's time to find out what you are buying.
It is highly recommended that you attend the inspection. Should your
inspector suggest that you don't come to the inspection, look for a
new inspector. You will be given a wealth of information about your
home; this information is much
easier to understand while you are present. Buying a home is probably
the biggest investment you'll make in your lifetime. Don't miss out
on the opportunity to learn as much as you can about your home.
Part of the inspection takes place outside, so remember to dress for
the
weather.
How Much Will it Cost?
A good quality home inspection in the Halifax metro area will cost
between $300 and $350 plus taxes. A small price to pay compared to the
cost of a home. Be sure your inspector offers a written report and a
written contract. A verbal inspection will be of no use to you when
you move into the house 3-4 months later.
The actual cost of a home inspection should be one of your last concerns.
The
benefits realized from a professional inspection far outweigh the cost.
How to Choose a Home Inspector?
Ask your real estate agent for recommendations
of several inspectors. Phone and interview at least three. You should
ask the methods they use to inspect the home, what their qualifications
are and if they have errors and omissions insurance to protect them
if they make a mistake. After you talk to the inspectors you can determine
who you are most comfortable using.
Summary
A home inspection is seldom a waste of money.
It is your protection if there is something wrong with the house. Even
if there is nothing wrong the inspector can point out maintenance items
that could save you money and headaches in the future. I believe an
inspection is a worthwhile and necessary part of buying a home.
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