Before you buy a home in Philadelphia, there’s a laundry list of things you need to complete before making the final purchase. While some are required, others may come off as merely advisable, which may cause homebuyers to call their necessity into question. We hear your objections — buying a home can be taxing enough, and pouring extra resources into something you may not have to do probably doesn’t seem all that appealing. However, before moving forward, it’s essential to fully comprehend what a home inspection entails, if you can opt out, and perhaps most importantly — if it’s worth it.
What Is a Home Inspection?
Home inspections are limited, non-invasive examinations that assess a home’s condition. They are typically conducted by a home inspector who has specialized training and certifications.
Home inspections provide an opportunity for a buyer to identify significant issues with a home before closing. If anything is revealed during the process, it can be used as a contingency in your contract with the seller. Essentially, this ensures that if a home inspection reveals major defects, you can back out of the offer free of penalty.
What Does a Home Inspection Cover?
Home inspectors will look at the house’s HVAC, plumbing, and electrical systems, as well as the roof, attic, floors, windows, foundation, and other structural components. When it comes to new home construction, inspections cover foundations, pre-drywall, and a full walk-through of the completed home.
Inspectors examine specific components of the home and produce a report covering their findings, including:
- Whether any given problem is a major or minor defect.
- What needs to be replaced, repaired, or serviced.
- Items that need close monitoring.
…And Who Pays For All of This?
Often, the buyer pays for the home inspection. However, upon making an offer, some insist the seller pays — rendering the inspection expenses a collective item for negotiation. Sometimes, sellers commission a home inspection before offering the home, as doing so can reassure potential buyers.
However, not all buyers accept a report paid for by the seller. Experts advise buyers choosing their own inspector — ideally someone without ties to the seller or agent.
Can I Skip Home Inspection?
Here are reasons why you shouldn’t pass on arranging a home inspection:
Homebuying is an exciting, if not arduous, process. However, having the right team of real estate professionals in your corner can make the difference between a needlessly drawn-out buying process and putting yourself in the fast track toward your dream home. For more information about our listings throughout Philadelphia’s historic and vibrant neighborhoods, contact The Mike McCann Team today!