Buying a residential property is a big deal and a major milestone in anyone’s life. Getting the keys to your new home comes after a long list of things are checked off. A major part of the property-buying process is having it inspected by a home inspector.
A residential home inspection is an examination of a property’s structures. It examines the interior and exterior structures from the fittings to the foundation. The results of this are compiled into a detailed report outlining the conditions and issues affecting each part. Though this is a detailed and important part of your property-buying process, it is not a mortgage appraisal. That is conducted by an appraiser.
Why Should You Have a Residential Home Inspection?
A residential home inspection can be done for a variety of reasons but the main reason is when you are purchasing a home. The bank or mortgage provider will want to know the condition the house is in before granting a mortgage to you. It will also give you peace of mind to know that the house is in good standing and provide a realistic view of what you will need to repair or change after you purchase the house.
Additionally, you will be able to ask the seller to make repairs or updates to the property before you purchase. If the seller wants to sell as-is, you can get an estimate of the cost of the repairs and replacements and deduct these from the purchase price of the home. The real estate market is quite competitive and prices are high. You want to make sure you get a good deal and value for your money, so a residential home inspection is a step in the right direction.
What to Expect from a Residential Home Inspection?
Home Pro Inspections has a team of skilled home inspectors in Austin. Home buyers can be sure that their best interest is at the forefront of our minds and that our residential home inspection service and standards of practice are among the best in Austin, Texas.
When buying a residential home, here are some of the things to be outlined in the inspection report.
The Structure – This foundation and overall construction of the property will be examined for structural issues. The inspector will check if anything is loose, if windows and doors are secure and if everything is in good condition.
The Interior – The interior inspection will cover everything inside the house – the walls, the fittings, cupboards, ceiling, faucets, plumbing, and the floors. Every inch of the property will be combed over with nowhere left untouched. He will inspect the quality of the materials used and determine what needs to be repaired or replaced.
The Exterior – The exterior of the property covers more than the average man would think to consider. It is more than just mapping how big the yard space is. The report will show details on lot grading, proper drainage systems, landscape, fencing, the surrounding area, and more. The inspector will provide valuable information on all these areas that will help you determine what you need to ask the seller to fix and what you will absorb.
Electrical – You can imagine how important it is to have a sound electrical system in your home. Electrical issues can cause fires and damage your appliances, so it is important that your home inspector does a thorough check of all your outlets, light fixtures, the voltage, wiring, panels and fusing. He should also check any appliance that will be handed over to you with the sale. That includes HVAC units, stoves, fridges and more.
Plumbing – The plumbing of every property should be done using proper equipment and high-quality parts. Some of the parts your inspector will report on are the water supply system, the sewer, piping, water lines, ejector pumps, stormwater pumps and more. These are essential to the proper water management in your home. You need to know that they are in good working order before you move forward in the buying process.
Other essential things you will be briefed on are things like the type of units in the property. For example, you might want to have a heat pump ac unit instead of an old one as they are more energy-friendly. You will also be told about the garbage disposal system and other things.
How Long Does a Residential Home Inspection Take?
A residential home inspection takes anywhere from a few hours to a day depending on the size of the property. This is a thorough process, so it is not something to be rushed. Your inspector will give you an estimated time-span before he begins.
What Happens After the Residential Home Inspection?
What happens after the home inspection depends on you. You must review the report thoroughly and seek advice from the inspector and your attorney and real estate agent. Buying a home is an important real estate transaction and you want to ensure that you minimize the risks involved as much as possible.
With the results of the inspection, you can decide if you want to ask the seller to make repairs or replace some of the items or you can decide to fix the issues yourself but deduct the cost from the sale price.
Most properties will have minor issues but it is important for you to focus on the big ones. Structural, electrical and plumbing issues should be clarified before you move forward in the sale. Smaller issues can be handled later on.
Your new residential home is almost within reach once you’re at the inspection stage. Be happy and bask in this period as it is a major milestone in anyone’s life. In your happiness, be sure to pay attention to the issues with the property and not allow your eagerness to allow you to overlook things that might end up costing you much more in the future.