Is A Home Inspection Important?
Updated: May 16, 2018
It’s definitely a seller’s market in the Twin Cities right now. However, that does not mean you should just skip the home inspection and just be thankful you found a house that works for you. It seems like buyers are forgoing the process of having their home inspected during the closing and putting themselves in a very risky situation. It seems that a lot of new buyers will skip this vital step, thinking it is somehow in their best interest just to close as quickly as possible, roll the dice, and not investigate the massive investment they are about to undertake. This could not be more wrong.
So, what is a home inspection?
A home inspection is a multi-step thorough evaluation on the condition of a home. It is a process that can take 3-4 hours and should be done on all real-estate transaction. This includes: Condos, Townhouses, and (even) newly built homes. A home is one of the most important investments one will ever make. A home inspection is an inexpensive way to discover the universal condition of a home before you purchase it. It is important to conduct a home inspection to avoid a costly mistake by purchasing a property in need of major repairs. Even if you think you have found the perfect home it is the home inspector’s responsibility to let you know what the true condition of the home really is.
Having your home inspected by certified home inspector means you have a professional who will conduct an inspection of the general condition of the home and have your best interests in mind. The home inspector is there only to protect you and has no financial interest, even if the sale of the home does not go through because a large underlining issue was found with the home.
The home inspector will assist the buyer in understanding exactly what they are about to purchase. A home may look like it is move in ready, but the inspection will cover features of the house such as the foundation, electrical, plumbing, roofing, insulation, as well as any signs of water damage that are not noticeable to the buyer’s eye. The buyer is making a large investment, and it’s important to understand exactly what you are purchasing. Having a certified home inspector conduct a thorough inspection of the property is like having good insurance policy.
Testing for Radon
In Minnesota it is also very important to have the property you are looking at tested for radon. Radon is a radioactive odorless gas formed by breakdown of radium in the soil. Because of our soil conditions, Minnesota has some of the highest radon levels in the nation. Radon is the second leading cause of lung cancer, killing 21,000 people a year. It is something to take very seriously. The time to test for radon is before closing on a home, by someone certified by the state. Understand what the radon levels are and work with the seller on how to cover the cost of installing a radon mitigation system in the home.
If at all possible, it is recommended to review the home inspection results in person with the home inspector. This is a valuable opportunity to understand the areas of concern, and learn about some basic home maintenance procedures to keep your home in well working condition in the years to come. Never pass up the chance to see your home through the eyes of a home inspector. The cost of a home inspection is often covered by the repairs the seller needs to complete before closing on the home.
A home inspection will definitely give you peace of mind and help reduce some of the stress and anxiety in purchasing a home. It can also become a negotiation tool in closing, and will inform you of potential future maintenance and upkeep. The seller of a home may also request a home inspection before the home is put on the market. This can assist the seller in setting a price, correcting any issues with the home before it’s on the market, or simply having a pre-inspection report available for buyers who are looking at the home that there is nothing to hide.
By Matt Finch
A&M Home Inspection