Home Inspections

 

If you’re buying or selling a home, it’s important to understand what a home inspection entails and how it effects the sale of a home.

 

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What is a home inspection?

A home inspection is an objective visual examination of the structure and systems of a home by a neutral third party. Basically, it shows what’s wrong with the property and if it is serious to prevent a sale.

 

The three main points of the inspection are to evaluate the physical condition of the home, identify items in need of repair or replacement, and estimate the remaining useful life of the major systems, equipment, structure and finishes.  An inspector cannot report on defects that are not visible, such as defects hidden behind finished walls or beneath carpeting, and inaccessible areas. Seasonally inoperable systems (swamp coolers, air conditioner, furnaces) will not be turned on during the inspection.

 

Hiring an Inspector.

To hire an inspector, get recommendations from your Realtor®, or friends and family. You can also find inspectors in the phone book. When interviewing inspectors, be sure to ask for references and memberships in professional associations, such as American Association of Home Inspectors and the National Association of Home Inspectors. It is important to note the home inspectors are not licensed in the state of Colorado.

 

It is a good idea to be present during the inspection for a few reasons: you can ask an inspector questions during the inspection, the inspector will have an opportunity to point out areas of potential trouble, and many inspectors also will offer maintenance tips as the inspection progresses.

 

Making Suggested Repairs.

The seller is not required to make the repairs or replacements. However, the buyer may walk away from the deal or expect the seller to lower their price to continue with the purchase of the home.

 

Costs and Time Involved.

The inspector’s most important priority is accuracy, and accuracy takes time. The chances of mistakes are more likely if an inspector rushes through. Your Inspection may take between two and five hours. Older homes take longer than newer homes.

Expect your home inspection to costs from $200-$500 depending on the sizeof the home. It may be the most important investment you make when buying a home.

 

Alice and Steven Pelikant

The Pelikant Group

Keller Williams Executives Realty, LLC

200 West Plaza Drive, Suite 200

Highlands Ranch, CO  80129

1-888-331-7583 ext 7

apelikant@kw.com or spelikant@kw.com

www.ThePelikantGroup.com