From Engineering on July 01, 2008 in General
When purchasing a building, a home inspection is recommended to protect the buyer. The buyer is normally expected to cover the expense. A non-biased third-party is hired to thoroughly inspect the property, and then present their findings to all parties involved in the process. Buyers can use this report as bartering power, requesting the seller fix the problems as part of the deal. However, unless the buyer contractually negotiates it, the seller is not required to fix anything found by the inspector. The buyer just has to be made aware of the problems, and it is up to them to make an informed decision based upon the knowledge.
Each state varies, but in many, the inspector is held liable for any serious problems he or she missed for up to one year. This liability encourages the inspector to be vigilant in the inspection, and is in the buyers best interest.
The typical home inspection includes: testing all electrical outlets and fixtures, inspecting the plumbing in the kitchens and bathrooms, inspecting all appliances, any gas fixtures, the fireplace, the chimney, and the foundation, detecting any insect and rodent problems, highlighting any obvious signs of water damage, and assessing the overall condition of the house from the roof to the basement.
If you are purchasing a building, it is definitely in your best interest to invest in a home inspection. The average cost equals $350, and has the potential to save you thousands in unseen repairs. It also helps to have a contractor give you an estimate for any renovations ahead of time as well for a truly informed decision. Request free estimates from licensed pre-screened contractors in your area today.