Carter Commercial Advisors

Don’t Get Stuck with a Lemon

So you’ve found your dream home – congratulations! But before popping the champagne and picturing yourself in that gourmet kitchen, a crucial step remains: the home inspection. This thorough examination by a qualified professional is your chance to uncover any hidden issues lurking beneath the surface. A good inspection can save you from a financial nightmare and give you peace of mind moving forward.

What Does a Home Inspection Entail?

A home inspection typically involves a detailed examination of the property’s major systems and components, including:

• Structural elements: Foundation, roof, walls, and major cracks.
• Exterior features: Siding, gutters, drainage, and decks.
• Plumbing system: Leaks, water pressure, and functionality of fixtures.
• Electrical system: Wiring, outlets, and potential safety hazards.
• HVAC system: Heating, ventilation, and air conditioning functionality.
• Interior features: Doors, windows, ceilings, and flooring.

Getting the Most Out of Your Home Inspection

• Choose a Qualified Inspector: Look for inspectors who are licensed or certified in your state and belong to a professional organization. Read online reviews and ask your real estate agent for recommendations.
• Schedule the Inspection Early: Ideally, schedule the inspection before you submit an offer. This allows you to renegotiate the price or walk away if major problems are discovered.
• Be Present During the Inspection: Don’t just drop off the keys and expect a report. Accompany the inspector and ask questions as they go through the property. Take notes and photos for your reference.
• Review the Inspection Report Carefully: The inspector will provide a detailed report outlining their findings, including any defects or areas requiring further evaluation. Don’t gloss over technical jargon – ask your inspector to explain anything you don’t understand.

Don’t Panic – Use the Inspection as Leverage

The home inspection isn’t a pass/fail situation. It’s a valuable tool for understanding the property’s condition. Here’s how to navigate potential issues:

• Minor Issues: Expect to find some minor issues in any home. Negotiate with the seller for repairs or credits towards fixing them.
• Major Defects: If the inspection reveals significant problems, you may need to renegotiate the price significantly or even walk away from the deal.