Home Inspection

Gustan Cho Associates

What Is A Home Inspection?

A home inspection is the inspection of a home purchase by home buyers where they hire and independent home inspector to go over the subject property with a fine tooth comb.  Home inspectors will generally inspect both the interior and exterior of the home such as HVAC systems, windows, appliances, millwork, kitchens, bathrooms, attic, basement, exterior siding, roofing, gutters, foundation, and inspect the house for general mold and termites.  A home inspector is not an expert in all areas but is generally knowledgeable in basics where if the home inspector sees a potential problem with an item in the home, the home inspector will note it in his report and recommend that a specialist take further look at the item.

Are Home Inspections Required By Lenders?

A home inspection is not required by mortgage lenders unless an appraisal notes on his appraisal report about issues on the home where then the mortgage lender can require a home inspection.  A home inspection is highly recommended for all home buyers and is normally done prior to the appraisal.  If a home buyer does not like the home inspection report, then the home buyer can back out and cancel the real estate purchase transaction.  A typical home inspection normally costs between $300 and $500, depending on the county and state of the subjet property.

Home Inspection Process

Majority of home inspectors have the same home inspection process but it can depend on the home inspector and home inspection company.  Home inspectors will normally inspect any minor as well as major defects that he or she finds on the home they inspect.  They will note whether the inspection item they inspect is functional and good working order and normally estimate the longevity of the functionality and the age of the item inspected such as the HVAC units, roofing, windows, and other items.  Home inspectors will also check for hazards and inspect for safety issues.  Home inspectors will check for items that is not visible to the average human eye such as test for mold and structural issues.  Appliances and the remaining life of the appliances will be checked as well and will note if the appliances need to be replaced in the near short term.  Pest control inspection and mold remediation inspectors are separate home inspection specialists that if you want a full separate detailed report, you would need to hire these specialists separate aside from your general home inspector.

Why Hire A Home Inspector?

There are a lot of costs and fees in the home buying process and many home buyers want to save every nickel and dime so they can spend it on moving costs and new furniture.  However, a home purchase is probably the biggest investment a person will make in their lifetime and a home inspection should be looked at as an insurance policy and protecting your investment.  Many home sellers will window dress their homes prior to listing it in the market and all homes will look like everything is functional and in mint condition.  However, there could be many issues with the subject property that is not visible to the naked human eye and a home inspector is a professional who knows exactly where to look and what items to look for in inspection a home.  Things that is revealed by many home inspectors that surprise home buyers are prior water damage, foundation cracks, prior termite damage, and mold behind the drywall that is not visible to the human eye.  Other issues that home inspectors reveal are homes that are not properly insulated nor ventilated or work that has been done to the home without proper building permits and which are a safety hazards.

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The information contained on Gustan Cho Associates website is for informational purposes only and is not an advertisement for products offered by The Gustan Cho Team @ Gustan Cho Associates or its affiliates. The views and opinions expressed herein are those of the author and/or guest writers of Gustan Cho Associates Mortgage & Real Estate Information Resource Center website and do not reflect the policy of Gustan Cho Associates Lenders Network, its officers, subsidiaries, parent, or affiliates.

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