The Importance of Undertaking a Home InspectionPosted by Jolenta Averill, Broker on Monday, July 19th, 2010 at 8:06am.
Buying a house is undoubtedly a major event in any individual’s life for those wanting to set up a home and is the ultimate goal of professionals and investors that are looking to create a portfolio. For all of these people, investing time and energy into creating the perfect home or property is entirely satisfying, especially if you are working hard to ensure that your venture into the real estate world is productive. However, it is important to ensure that you have all of the necessary bases covered, one of which is home inspection. Of all the considerations involved in purchasing property, home inspection is especially important in ensuring that you get the best value for money possible prior to finalizing your purchase.
Home inspection is an essential element of the initial series of assessments that are conducted prior to the finalizing of contracts. It should be carried out by a professional home inspector because he or she has completed all of the necessary qualifications to be able to evaluate the property effectively and in line with all applicable laws and regulations. Offering a professional opinion, a qualified home inspector is able to provide an expert’s perspective of the condition that the property is in. As such, you will be heading into the process of purchasing the property fully aware of the risks associated with that house and where it lies in relation to your own personal requirements and specifications. Of course, a home inspector will not eliminate or sugarcoat the risks but it will alert you to their presence.
Hiring a professional home inspector may be a must but the information that he or she gives you following the initial inspection is only useful if you use it effectively. That is to say that you should work out what you are looking for in a property prior to commissioning the initial inspection. The first point on that list should be choosing the best professional to suit your needs. That is to say that he or she should have all of the relevant qualifications, licenses and training behind them in order to render a verdict that you can trust. You can check all of these elements with the National Institute of Building Inspectors, and it is worth doing so because that way you will know that information you are provided with is accurate and reliable, especially when it comes to uncovering defects that have the potential to affect that value of the property in the coming years.
You should also be familiar with the process of evaluation that the home inspector will undertake. The interior and exterior of any property are essential areas during the inspection and an inch by inch evaluation is conducted to ensure that all possible faults and weaknesses are taken into account. Most home inspectors work from the top down and will also check the condition of the roof, chimney, fascia and guttering right down to the wall sidings, doors and windows, foundation and driveway structure. Internally, the evaluation will take into account other areas of the property as well as the structure, from the drainage system to the electrical wiring.
Investing in a property is undoubtedly a huge decision but investing in a home inspection prior to making that investment can help to maximize the productivity of your decision and minimize the risk.Dylan Taft is a tech savvy Ulster County, New York real estate professional, working with a small but, dedicated staff. Visit Dylan's professionally optimized website for more information on the latest property marketing strategies, and details on the Hudson Valley Houses.
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Jolenta Averill, Principal
Lake & City Homes Realty