I know you think you found your “dream” home if you’re a first time or trade up buyer or even for the rehabber–you’ll want to get the home inspected. Often times, real estate investors (seasoned ones) AKA read contractors and I’ll say it again SEASONED investors waive the home inspection portion of the transaction. Though, it’s still a good idea to have a home inspection done by a licensed professional and/or at the bare minimum from a contractor that’ll be undertaking the rehab project. Remember home inspection is a time to check for damages. When you walk through the home, go through everything. Here are some house hunting tips and what your home inspector will check on:
Overall home inspectors conduct a visual inspection of both the exterior and interior components of the home to include:
1) structure and foundation
2) plumbing systems
3) electrical systems
4) roof and attics
5) basement and crawl spaces
6) gutters/drainage
7) porches and deck
Also expect an operational test on furnaces/heating systems, air conditioning, plumbing in bathrooms and kitchens, water heater, usage of lighting and correct electric panel, appliances and even if there's a pool a test on the pool. Some other house hunting tips if desired, termite testing and mold inspection can be ordered separately. Further the home inspector may conduct a visual inspection for any water seepage concerns, testing of sump pumps and even assess for underground oil tanks. Often times, I recommend an oil tank sweep if the inspector identifies a potential concern. If the homeowner has documentation pertaining to decommissioning an UST, ensure your attorney reviews it on your behalf. Purchasing a home is a large investment, be sure you don't neglect the home inspection portion.
Happy house hunting!
