Before you buy a house it is important to conduct a full home inspection carried out by a qualified home inspector. You will think you have found the house you are looking for based on the information provided by the seller, the view of the house and its location. You may think you are paying a fair price for this piece of real estate. However, if the home inspection reveals a costly problem that will require a lot of work to fix, would you still feel the same about that house?
Almost every inspection of a house is carried out in the same way as a new house, reporting some problems that need fixing or suggestions to improve the property. That said, not everything that is reported in the inspection of a house is of great importance. Some things, such as for example a broken lock, can be arranged with a few dollars and without much effort.
Given that almost every inspection report on properties that have had an owner contains a problem, the contingency clause in most real estate purchase offers only allows the buyer to cancel the contract if there is a substantial or significant problem. Many new home buyers have issues in doing wind mitigation inspection , those can read this article http://radiantinspect.com/4-point-wind-mitigation-inspection/.
What constitutes a substantial or significant problem will vary depending on the property. Buyers and sellers should consider the cost of the repair in relation to the purchase price of the house. In many cases the following kinds of problems can be substantial or significant:
- Structural Elements of home If the roof needs repair, the foundations are defective or the structure is not good, then it will probably be a problem whose arrangement will be expensive. This can include water problems, such as water in the basement that accumulates when it rains.
- Plumbing System : If there is a complicated problem with the plumbing system, it can be expensive and difficult to repair. However, if the problem is limited to a small area, such as a sink, then it will not be a problem of significance.
- Electrical System : As in the case of plumbing, if there is a systemic problem in electricity, then it will be of significance. If, for example, the cabling system is not encrypted, then it will be a security problem that can be expensive to fix.
- Heating and Oven System : a problem with the heating system or with the oven, it is also a safety issue that can be difficult to fix.
- Asbestos : this is not a typical part of home inspection, but asbestos may be present in the home, so the potential buyer must hire an asbestos inspector to determine the presence of this substance. It can be dangerous to inhale asbestos as it can result in serious health problems such as mesothelioma. Its elimination can be expensive.
- Lead Paint : Lead paint, such as asbestos, is typically not part of a home inspection, but may be present in homes built before 1978. It is important that your home be tested for paint. lead and that all that exists is removed from the building, especially if they are going to live in it small children or pregnant women.
Other issues such as problems with individual artifacts and cosmetics, such as stained mats or wallpaper of broken walls, are usually insignificant and do not cause rejection of an offer to purchase a real estate.
Before canceling a purchase offer due to a problem discovered during the inspection of a house, typically the potential buyer must share the inspection report with the seller to give him an opportunity to fix the problem or negotiate a solution with the buyer. Once the seller knows the problem, then he is usually obliged to disclose the problem to other potential buyers. Consequently, it is often in the best interests of the seller to cover the cost of repairs or negotiate with the buyer, instead of letting the buyer withdraw from the agreement to buy the house. If you still have issues doing DIY home inspection you can easily hire a professional company like http://radiantinspect.com for home inspection assistance. But before hiring any home inspector must read their reviews on their Google my business page or ask home people who did buy house before.