Post Inspection Report Review

A home inspection report is an essential instrument that delivers comprehensive insights into the condition of a property, including potential concerns and suggested repairs or upgrades. When you receive a home inspection report, you should give it a careful perusal, encompassing additional documents, and take proactive measures to secure your interests. Here are some crucial steps and knowledge for home buyers post-receiving a home inspection report:

  • A thorough review of the report: Buyers should meticulously read the report and grasp all the declarations and suggestions. Remembering that a home inspector is a generalist, not an expert, in every facet of home construction or repair is crucial. This means that certain issues or elements might be uncovered by licensed professionals upon further examination.
  • Prioritize necessary repairs or improvements: After scrutinizing the report, home buyers should establish a priority list for the required repairs or upgrades based on the safety and structural stability of the property. Additionally, considerations should be made regarding repairs or improvements that can influence the property’s future resale value.
  • Consultation with licensed professionals: Home buyers should seek advice from licensed specialists such as electricians, plumbers, and structural engineers for a more in-depth evaluation of any supplementary issues the home inspection report might not have identified. This additional evaluation can unearth unforeseen cost items not noted or needed in the preliminary report.
  • Negotiations with the seller: Should the report reveal considerable concerns or necessary repairs, buyers may consider entering into negotiations to resolve these issues before closing the deal. These negotiations could require the seller to undertake the repairs or provide a financial concession toward the repair costs.
  • Understanding the option period: Buyers should be cognizant of the option period as detailed in the purchase agreement. This is the period during which the buyer can terminate the contract for any reason, including problems disclosed in the home inspection report. It’s crucial to diligently review the report and take necessary actions before the option period expires to prevent inheriting defects and associated costs from the seller.
  • Distinguishing between home inspection and code compliance inspection: Home buyers should be aware that a home inspection differs from a code compliance inspection. Every city enforces building codes that stipulate how a home should be designed and constructed to meet the city’s minimum safety standards, which can vary between cities. Home inspectors use these codes as a basis for their safety checks.
  • Acknowledging the limitations of an inspection: It is vital to understand that an inspection will not cover everything, and not everything identified will be reported. The inspection’s scope is broad but limited to assisting buyers in making an informed purchase decision and minimizing their risk. Inspectors examine houses for visible issues only. They won’t dismantle walls, move the owner’s belongings, or utilize supernatural X-ray vision to uncover hidden faults. Also, they will not put themselves at risk. For instance, if a roof is excessively high or steep, they won’t climb it but use binoculars or a drone instead. Inspectors generally check the damper’s operation for wood-burning fireplaces, look for obstructions like bird nests in chimneys, and recommend a more thorough safety inspection if deemed necessary.

A home inspection report is a key document offering invaluable insights into a property’s state. Home buyers should meticulously review the report, prioritize repairs or upgrades, consult with licensed professionals, negotiate with the seller if necessary, and be cognizant of the option period to safeguard their interests. By following these steps, home buyers can ensure they make informed decisions about property purchases, mitigating unexpected costs or problems in the future.

Our guiding principle remains, “Don’t let the seller’s issues become yours. Stay informed to guarantee a seamless after-move-in experience.”