Home Inspection Basics

Most people wonder what exactly a home inspection covers. They also wonder what happens and who is liable if problems develop in the future. These are good questions that are commonly asked by concerned individuals who are about to be new homeowners. This article will address those issues.

An inspection is required for any property that may be purchased. Whether it’s under construction, new or old, an inspection will always be a requirement from the lender. An inspection is similar to a check-up. What repairs are required in the future and at the current time are addressed. The inspector detects these issues and takes note of them. This allows the potential buyers to negotiate any work that must be done prior to the closing of the deal. For example, if the roof needs to be replaced, the heater is no longer functional or the wiring is too dangerous to insure, such repairs can be written into the purchase contract as requirements that the seller must meet in order to close the deal.

Some people already know that their dream home needs plenty of work and invested money. This means that the repairs an inspector finds that must be done are usually extensive. If borrowers plan to use FHA or a similar loan option, the repairs must be done. However, some loans that are intended for homes that need work are available. Even if many of the needed repairs are obvious on an older home, it’s still important to have an inspection done. There may be an unseen issue that could be a reason to back out of the deal.

Home inspections depend on the type of property a person is interested in. A standard inspection report will cover the central air conditioning system, the heating system, interior plumbing, the roof, electrical systems, the attic, visible insulation, ceilings, floors, walls, doors, windows, the basement, the foundation and various structural components. However, there are limits as to what an inspection will cover. Inspectors are not required to identify any concealed conditions or latent defects. This means that if snow, plants, debris or something else is covering a problem issue, the inspector isn’t required to move the items. If the inspector misses such items, he or she is not liable for them. Inspectors are also not required to take note of plants or animals that are potentially hazardous.

It’s important to find a home inspector that is trustworthy. To find out where to locate a trustworthy inspector, contact an agent today. Hiring a trustworthy inspector can make the difference between choosing to buy a house and refusing the deal. A good inspector will be willing to honestly identify all problem issues. The purpose of an inspection is peace of mind, so it’s important to find an individual who contributes to that.

About Brian Hendricks

Brian Hendricks is the President of Fidelity Insurance Group. Brian started Fidelity in 2003 with 0 clients. Today Fidelity Insurance Group is a Premier Independent Insurance Agency in Florida with over 3,000 families and businesses insured. Brian currently serves on advisory boards for 2 of the largest property insurance companies in Florida. Knowlege, Integrity, and Committment are his and his agency's guiding principles.
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