Home inspection is usually done before a home buyer buys a house, when the seller wants to make sure the property is in tip top shape before selling it, or when homeowners want to check damages in their house.
While home inspection is the best way to go to check defects in the foundation and other items in the house, it’s not really a full-proof process. The inspector may not always identify everything that’s not right with the property. Remember that inspectors only check for visual cues. But if the cues cannot be seen, then the inspector may not be able to identify possible damages.
For example, is there’s a problem with your door, let’s say it does not close properly, or your floors are slanted, then there’s a possibility that this integrity issue has resulted to some cracks in your foundation. However, these cracks may not be seen or identified unless you pull up all the flooring in the house. Your home inspector cannot really tell for sure if there are indeed cracks and what is the extent of the damage.
Another shortcoming is that inspectors are generalists. This means that, they can only tell you what’s wrong with your plumbing system but they won’t be able to fix it. It’s either they will recommend a third party to do the job or you can call your plumber to fix it for you. They will also give you an estimate as to how much it may cost you to have it fixed.
What does this mean for you? Additional cost.
Home inspectors cannot fix termite problems or thoroughly check termite presence in your house unless he has a license to do that. Typically, they will also recommend a third party to do that, which means one thing –additional cost too.
So what do you do after the inspection? Your home inspector will provide you with a detailed report of the result of the inspection. So what do you do with it?
- As a home buyer, you can walk away from the deal if there are major damages that might be too expensive to fix so long as the contract has an inspection contingency.
- You have the option to ask the seller to have the damages fixed. If not, then negotiate for a lower price. Don’t forget to take into consideration the price that you’ll have to pay if you’re going to be the one to fix it.
- Let’s say the property is owned by the bank and is sold as-is, then get estimates on how much it will cost you to have it repaired. Then create a plan for repairs. You can start with the most important and affordable to fix.