There are many things to do when preparing to buy a new home, including scheduling a home inspection. Buyers should avoid falling for common misconceptions about this important step in the home buying process.
Myth: The Home Inspector Looks For Code Violations
The job of a home inspector is to identify issues that affect the safety and functionality of the property. Some inspectors even offer specialized services, such as marine inspection services for properties near water. However, while professional home inspectors usually have some knowledge of local regulations, they have neither the ability nor the authority to enforce building codes.
Myth: An Inspection and an Appraisal Are the Same
Inspection is a visual survey to evaluate the condition of the home. Appraisal is the process of determining the home’s current market value, and it requires the expertise of a professional home appraiser.
Myth: There Is No Need To Inspect a New House
When people buy a brand new home, they tend to assume that they won’t need to do any repairs in the near future. Unfortunately, builders sometimes make mistakes or install faulty appliances, so even a house that has never been lived in should be looked over by a qualified inspector.
Myth: The Buyer Doesn’t Need To Be There
The buyer should plan to be present at the home inspection. This makes it easier for the inspector to point out and explain any issues to the buyer in detail. It also provides an opportunity to discuss any specific concerns or questions the buyer has about the property.
Myth: The House Will Either Pass or Fail
There is no set standard by which a home can pass or fail an inspection. The home inspector’s job is not to deliver a judgment as to whether the buyer should purchase the property. Rather, the inspector reports potential issues to the buyer so the buyer can make an informed decision.
Myth: The Inspection Should Happen Before the Offer is Made
First-time home buyers often assume that they should arrange the inspection before making an offer on the home. While this seems logical, most home inspections happen after an offer has been accepted, with the contract stating that the sale is contingent upon the inspection results.
A professional home inspection is an important part of buying a home. Buyers should understand the purpose and process of a home inspection and make sure it is done properly.