Tips for Choosing a Perfect Home Inspection Company
Home inspection is an important procedure which should be followed before you move into a new house. You need to consider all the factors about safety before making the move. There are a number of home inspection companies that offer exceptional services for your home. A home inspection ensures that your house is safe in every component and is appropriate for you to move in. Inspection is carried out for residential properties, commercial properties and buildings under construction.
Whether you are moving into a newly constructed home or commercial space, getting your home inspected is the first step you should consider. There are a number of competent and professional home inspectors. It is important to learn about their professional experience and expertise before hiring one. Here are a few tips for choosing a perfect home inspection company:
The experience of a home inspector counts. You can learn about the same by figuring out the number of inspections they have completed in a year. The higher the number of inspections, higher their experience in the industry. Look for a reliable and experienced home inspector.
The cost of a home inspection will play a vital role in the decision. The cost will be determined based on the size of the home and the type of inspection you require. Compare the cost offered by different companies and make a decision.
When dealing with a professional inspection company, their reputation matters a lot. You need to gain information about the reputation of the company and the inspector who will be inspecting your home. Read the reviews and gain information about the performance of the company in the past. There are a number of instances where fraudulent companies have caused huge losses to the buyers.
When approaching a home inspection company, it is important to clarify about the reports they will be offering you. A number of inspectors prepare a detailed report which includes all the components of the home. Any issues discovered inside the home will have to be resolved and the report will carry essential information to help you do the same. Some home inspectors provide a checklist of the items they will be inspecting; this will help you gain clarity on their approach to inspection.
6 Tips to Get You Through Your Home Inspection
A home inspection is one of the most important items on the home buying checklist. However, many people don’t fully understand what happens during a home inspection or what they need to do after to get the most out of it. As a potential buyer, an inspection is a win-win. It’s a way to have an expert third party evaluate all the systems in the house. From the foundation, to the roof, to the heating and cooling systems, everything is looked over. Furthermore, having any issues documented puts pressure on the seller to fix major problems before the buyer ends up footing the bill.
Before going through the process of a home inspection, regardless of whether you are the buyer or the seller, there are a few tips you are going to want to know.
Get your checkbook out
An inspection is typically hired through the homebuyer and their real estate agent when the buyer and seller have agreed on a price and the contract phase begins. More than likely, the buyer will be responsible for the cost, which is due to the inspector the day of the inspection. The cost generally ranges somewhere between $350 and $500, a minimal expense when compared to unforeseen repair costs that may pop up after the sale.
Plan on carving out a few hours of your day to be at the inspection
The inspection is a one-day affair that takes about three to four hours. Only by being there and participating, can you learn about the home you are about to purchase. After the inspection you will get a written report. This report must, for legal reasons, must be full of disclaimers and statements referring you to other licensed experts. These experts could include structural engineers, electricians, and plumbers. It is not meant to scare the buyer away, it’s about shedding light on potential liability.
Know the critical issues that arise
In an inspection, the things that matter are often listed in order of importance. This list consists of the home’s foundation, plumbing, roof and any mechanical aspects, such as the heating or cooling system. Cosmetic flaws are considered next.
All of these issues will likely be told to the buyer during the inspection, but will also be documented in a detailed report on the condition of the home, as well and any recommendations for improvement. This document is given to both the buyer and the seller. For further protection, your RE ALTOR® may suggest a home warranty, to cover the costs of any breakdown of home systems — such as air conditioning, electrical or appliances — after the closing.
Discuss all the issues that came up during the inspection with your Realtor
A good REALTOR® will understand the inspection document as well as any issues that may have been recorded about the home. They can help you devise a strategy to get the most critical issues addressed, and will be able to advise you about which issues are not worth worrying about.
Be prepared to Negotiate
Once you have the report, you have looked over it, and you have talked about it with your realtor, it’s time to negotiate the issues found and attempt to repair any unforeseen issues with the home. This negotiation can be in the form of a repair, a credit, or nothing at all. Your REALTOR® is the best source to guide you through which issues to negotiate. Asking for too much may result in a stubborn seller who may end up not wanting to do anything at all. However, asking for too little may leave money on the table and needed repairs left for you to take care of. A good realtor will help you find the sweet spot.
And through the whole process, patience is key
Just like other parts of the home buying process, patience is a virtue. Negotiating home inspection issues may require additional inspections by other professionals. Structural engineers, mold specialists, and pest inspectors may be recommended, and just like anything else, they will cost money. This too requires negotiations and the assemblage of multiple estimates on both sides. It’s important to be patient and to try not to get emotional. After all, this is business, and it can often times be the hardest part of the transaction. It’s also the place where many deals go to die, and where thousands of dollars are at stake.
Should Sellers Be Present at the Home Inspection?
A home inspection is a critical part of any home sale, and there are many misconceptions and confusion surrounding it. One of the most frequent questions our Realtors get asked is “should the seller be present for the home inspection?” The short answer to that is, “Usually, no.” If it is a pre-listing inspection ordered by the seller, they are absolutely okay to be there and should be. But, if it is a buyer paid inspection, it’s just not a good idea, and here’s why.
First and foremost, a seller’s presence at the home inspection can be an inhibitor to its success. “Sellers can interfere with an inspection unintentionally or by trying to help the inspector,” explained Tricia Jumonville, Realtor, “and they interfere with communication between the buyer and inspector simply by being there. Buyers do not feel free to ask questions of the inspector.” In the interest of being helpful and open, it’s easy for a Seller to monopolize the home inspector’s time with questions and comments and prevent buyers from asking pertinent questions.
3 Tips for Hiring a Real Estate Agent When Buying a Home
Ask for Recommendations When Hiring a Real Estate Agent
One of the best ways to find a real estate professional is to ask around. Contact family members and friends who have recently bought a home and ask about their experiences. This is a great way to find a reputable agent who other people trust.
Ask how long it took for your family member or friend to find a house to buy and if they had any issues working with the agent. If they had a great experience with their agent, then move to the next steps.
Research Their Backgrounds and Interview Them
Choose several agents to interview who people have recommended. When interviewing different agents, ask them about their experience and how many years they’ve worked in the industry. It is helpful to work with an agent who has been in the local area for a number of years and is familiar with it. Research them online and read reviews from previous clients.
Review the Contract
When you’ve chosen a real estate agent, take a close look at the contract and read the fine print to understand the terms of the agreement. The details of the real estate commission should be included, which the seller typically pays for once the transaction is complete. The seller usually pays six percent of the sales price of the home.
Inspecting Your Rental Property from the Street
After your thorough tenant screening, you have surely placed residents who are responsible and understand how to take care of your property. Even if you’re confident with the tenants you have placed, it makes sense to drive by your property every month or so. This allows you to check things out without disturbing your tenants or invading their privacy.
As you’re driving by, visually inspect the exterior of the property and note whether the lawn and yard are being maintained. Look for clutter or debris outside the home. See if you notice evidence of pets. If there’s a German Shepherd running around the front yard and you have a no-pets policy, you will want to address this immediately with your renters. Drive by at night when you can, so you’ll know if there’s enough exterior lighting and to see if the home looks quiet. If you’re getting complaints about noise from neighbors, this is a good way to see what your tenants are up to.
If you don’t live close to your rental property, this will be a challenge. It’s a good reason to hire a professional property management company. Your property manager will be local, and close to the home. This will enable him or her to drive by and be your eyes and ears whether you’re out of town, out of state, or even out of the country.