All About Real Estate Home Inspection
A home inspection contingency is one of an essential aspect of a home sale, wherein it is a time period that is given for all clearances that may hinder a sale from materializing. A buyer usually hire a qualified and experienced home inspector to conduct a detailed inspection of the property. If problems arise or discovered that exist outside the seller’s disclosure report, then the buyer has an option to cancel his agreement without recourse.
When it comes to a home inspection, it involves checking the physical condition of the property including the roof, basement, pool pumps and heaters, septic tank, propane tank, appliances, and HVAC systems, which is performed by a licensed home inspector. The home inspection report also includes the estimated life expectancy of existing components. While the repairs can be discussed and negotiated between the seller and the buyer, a buyer may cancel or withdraw from the sale. The things that a home inspector look for include checking of the property’s structural components, exterior faults, roofing, plumbing, electrical, heating and air conditioning, insulation and ventilation, and interior appliances. A home inspector will check the property for the presence of water damage, mold formation, water penetration, cracks, and leaks, so the home inspector is expected to climb on the roof, crawls into the attic, and pokes at the foundation. Water damage and mold and mildew are inspected, cracks are noted on floors, walls, and ceiling too. Close inspection of the outside or exterior parts of the house may reveal needed additional caulking to avoid water seepage, and so as deterioration of tread steps, broken seals on the glass, decking, and settlement cracks needing professional repair.
The roof is inspected closely for loose tiles or shingles, and the flashing must be tested for tightness. When it comes to plumbing, it involves inspection of water ingress and egress, water distributors, sump pump, as well as testing piping, vents, drains, and waste systems. All electrical components are inspected to ensure that they are operating safely, checking on grounding, conductors, and distribution panels for efficient operation. When it comes to the HVAC, everything is checked from air filters, corrosion of supply pipes, to the chimneys that must be clear of birds nest, and the frames are sound. All doors, stairways, counters, floors, cabinetry, and windows are inspected.
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