When selling your home, it is often recommended to have your home inspected before you put the home on the market. A home inspection can help determine the home’s condition and quality of the home. We would like to state at this point that just like you can’t fail a physical exam (no matter how poor your health may be), a house can’t fail an inspection either. A home inspection is a visual examination of a house’s overall condition and the accompanying report describes a house’s physical shape while identifying what components or systems that might need crucial repair or replacement. In saying that, it can be devastating for a homeowner to get a bad inspection report outlining a lot wrong with the house however, it may not as bad as you may first think! Lifeline Home Inspections will share how to handle a bad inspection report and what they mean.
What is Covered in a Home Inspection?
To properly understand what a home inspection is and why it is so important, you must first understand its definition. The American Society of Home Inspector’s definition of a home inspection is “a documented professional visual evaluation, operational testing, and current condition of the home structure, and operating systems”.
Reasons to Get a Home Inspection
Both a buyer and seller should have a good understanding of a home inspection evaluation before ever proceeding with the sale or purchase of a home. There are a number of aspects to a home that can greatly determine the home’s value and condition. As a seller who wants to know the total value of the home, you will want to ensure it is up to code and in the best of condition. As a buyer you will want to know the full condition of the home. If a report comes back with listed problems, you can negotiate the terms of the sale and undertake the responsibilities of the home’s flaws.
Home Inspection Report Red Flags
As a seller, a home inspection report helps you see what aspects of the home will require repairs or updating to help the house sell faster and for more money with less room for negotiations. There are a number of components to a home. One or more than one component may require attention before a sale. Some of the most common problems found during a home inspection are:
• Roof – Leaks, Missing Shingle or Full Replacement Needs
• Plumbing – Leaking pipes, too Small Pipes, Water Heater
• Electrical – Not up to Code, Damaged Wiring
• Foundation – Cracked or Sinking Foundation
• Windows and Doors – Windows and Doors with Leaks, or Don’t Function
• Chimney – Damages and Erosion
• Pests – Termite, Carpenter Ants, Rodents
• Health Risks – Mold, Lead Paint, Asbestos
How to Handle a Home Inspection Report Listing Lots of Repairs Needed
A seller with a bad inspection report first should know it’s important to know it’s not all over and not to panic. There are often some aspects of the home that can reflect badly during an inspection. However, with a bad inspection report in hand, you can look to properly repairing the home and upgrading any electrical or plumbing that may be outdated. Depending on the report some repairs are simple while others may require a licensed contractor. It will be up to the seller whether they want to invest in the repair and get the home’s value or simply sell the home as is. While some repairs may be required, others may not. A home inspector will be able to help guide you in understanding the report and what will be best for the sale of your home.