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What Is a Home Inspection and Why I Need One.

 

 

 

In the past several years, home inspections have become an important part of the real estate transaction.  So much so, that if you choose not to have one, there are now forms to sign acknowledging that you have been advised to have one but have decided against it.  However, most people know little about it other than they need one.

 

Your home (or potential home) cannot pass or fail a home inspection.  It is simply an impartial representation of what is.  The inspector has no dog in the hunt as to the success or failure of the real estate transaction. Their job is to simply state what they observe.  Any well loved and lived in home will have a few flaws just from everyday activity.  It is not uncommon to see a brand new home with some issues as well.  Nothing is ever perfect and there is usually always something that can be improved upon.

 

A Home Inspection is a general, non-invasive, visual inspection of a property.   It’s purpose is to identify defective components and systems according to the opinion of the inspector at the time of the inspection. Not everything pointed out in a home inspection is a bad thing or even something that needs to be corrected.  Many issues are minor and are only pointed out because they are less than perfect and that’s why you’re paying your inspector.

 

 There are many ideas of what a home inspection should entail.  To help everyone be clear on their expectations, many states and professional organizations have established Standards of Practice. These vary from state to state and organization to organization, but most requirements are fairly common. These are the basics of what to expect as well as the limitations of responsibility for the inspection.  A quick search of the web will usually result in finding the expectations in your area.

 

It is always a good idea to have a home inspection no matter what property you’re buying.  In most cases, your inspector has gone to great lengths and training to help you identify facts that will assist you in making an informed decision about one of the largest purchases you’ll make. Even if you are experienced in building, an impartial perspective with no emotional attachment can be a valuable one. You should have a home inspection because you don’t know what you’re missing.