What is a Home Inspection?
A home inspection is a professional, objective, visual examination of the
condition of a home. Home buyers now entering the marketplace view inspections
as a way to gain valuable information about the biggest purchase of their
lifetime. It helps them to determine whether there are any major defects or
system inadequacies at the time of purchase.
In most cases, home inspections are performed after a sales contract,
conditional upon a satisfactory home inspection, has been accepted by the
seller. The inspection can usually be arranged immediately to within a few days.
The home buyer is typically encouraged to attend the inspection, so that he/she
can see first hand the workings of the home. It also represents an excellent
opportunity for the prospective buyer to ask questions about the home or to
discuss potential changes.
Home inspections should also highlight the positive aspects of a home. In fact,
many of the home inspector's observations or recommendations help to dispel home
purchaser anxieties, and provide useful repair suggestions.
The home inspector's service to the purchaser is primarily one of education. The
goal of the inspector is to provide the purchaser with a better understanding of
the physical condition of the home in order that they can make a well-informed
decision. It is also the inspector's role to keep his findings in perspective
for the buyer. After the inspection is completed, a written report should be
prepared for the home buyer, documenting the results of the inspection, along
with an estimation of repair time frames and costs.
The home inspection should not be confused with an appraisal, a municipal code
inspection, an environmental audit, or a home owner's warranty.
A complete home inspection should cover all of the major systems of a house,
including structure, exterior, roofing, electrical, heating, cooling,
insulation, plumbing and interior. As a minimum, an inspection should meet the
Standards of Practice of the Texas Real Estate Commission (TREC) and American
Society of Home Inspectors® (ASHI®).
Consumers should be very careful when shopping for a home inspector. The
industry on the whole is unregulated and many unqualified people offer home
inspection services. Home inspection companies that offer to do repair work, or
recommend repair companies, should be avoided.
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