One of the greatest investments most people make in their lifetime is in their home. There are a variety of tools homeowners can utilize to help preserve the longevity of their home, one of which is the home inspection. Despite the value of home inspections, many people choose not to use them when buying or selling a home or as part of a general maintenance program. The following are a few common misconceptions about home inspections with clarifications to help you understand the value behind this tool.
The only time you need a home inspection is when you are purchasing a home.
The truth is home inspections can be advantageous for sellers too. Getting a home inspection and correcting any issues prior to putting the home on the market will help ensure the home is in the best condition for potential buyers. It will increase buyer confidence in the home and can result in a faster sale. Fewer renegotiations may be required in the sales process, and the home will sell closer to asking price if the seller has already identified and corrected any problems with the home.
Home inspections are only necessary for older homes.
A home inspection is a good idea regardless of the age of the home. New homes can have problems which are often due to issues with the original construction or neglected maintenance. Don’t assume that all components and systems of the home are functioning correctly just because the home is new. New construction is not a quality guarantee. On a national average, there are 30 or more reportable defects on a new home.
A home inspector will find everything wrong with a property.
The objective of the home inspection is to assess the structure and systems within the home, such as safety issues, plumbing, electrical system, and roofing, to ensure everything is in proper working order. While a home inspection is a very thorough process – taking anywhere from 2 ½ to 5 or more hours – it is not guaranteed that every single defect will be discovered. Home inspections are not meant to address cosmetic issues, such as dings in the paint or minor carpet stains.
The sales process will be delayed if the buyer requests a home inspection.
Based on your experience, you may believe home inspections are just one more hassle to slow down the transaction. With C.R.I., you don’t have to schedule a home inspection way in advance. Contact us and we’ll get you on the schedule at a time that works best for you and your clients. We recognize the world of real estate does not operate on a typical Monday-to-Friday, 8-to-5 schedule. Our goal is to meet our clients’ needs, so we are available to perform inspections on a very flexible basis. Once the inspection is complete, you can expect a final written report within 24 hours.
Home inspections are deal breakers.
Home inspections don’t end with a “pass” or “fail” notice that is going to halt or end your sales transaction. They are a report on the home’s condition, and it is up to the buyer to decide how they want to proceed. Many worry that the inspection will result in a major list of items that need to be repaired before a sale can take place. Recommended repairs can actually be quite simple and cost effective to take care of and will only aid in improving the longevity of the home.
These are just a few of the common misconceptions about home inspections. When utilized correctly, home inspections can be a great tool in protecting one of the biggest investments most people make in their lifetime.