The home inspection is an important part of buying a home. As any good real estate lawyer can attest to, failing to have a home inspection done can lead to big problems later. Considering the fact that the purchase of a home is one of the biggest decisions that you will make in your lifetime, it is best to make it as an informed decision. Here are a few questions that many buyers have about the home buying process and home inspections.
Why Do I Need a Home Inspection?
Although purchasing a home is one of the largest investments a person will make in their lifetime, it does not come with a money-back guarantee. Once the closing process has ended and the paperwork is signed, it is too late to back out of the deal. Having a home inspection done before closing allows your closing attorney to assess any repairs or issues which need to be addressed, and gives them time to negotiate with the seller on getting them done before the closing date.
Can’t I Perform the Home Inspection Myself?
Although it is legal for you to perform a home inspection yourself, it is not recommended. There are many things to look for that most people would not notice. For example, if you opened the electrical panel to the home, would you know if the wiring was done correctly? What about the wiring in the attic and/or crawlspace…can you tell if it is up to date? How much do you know about roofing, plumbing, and building codes? Can you recognize Asbestos, or other hazardous materials? Unless you are an expert in many fields, or a home inspector yourself, it is best to have your closing attorney handle the process of finding a home inspector to ensure that the home is safe and in good repair.
What if it is a New Home?
Any people assume that if their home is new, there is no need for an inspection. Although municipal inspectors do go over new homes, they do so with the utilities cut off, therefore there is no way for them to test the wiring, plumbing etc. Even in a new home, your real estate lawyer will likely advise you to have a home inspection.
There are literally hundreds of things that should be checked during a home inspection. In the state of Massachusetts, there is a list of Massachusetts Home Inspector Standards of Practice for a home inspector to go by. By following these guidelines, your home inspector can be sure that your new home is all you wanted it to be. If you have questions about home inspection, or any other real estate issue, give us a call today.