Follow Neal Twitter Facebook
Email Neal Email
Residential Real Estate
Mar 15, 2015

The Buyer’s Guide To Home Inspections

Sponsored Content provided by Neal Johnson - Licensed Real Estate Broker , Network Real Estate

Home inspections are an integral part of the buying process, so it’s important to know what to expect. Network Real Estate has more than 30 years of experience in our industry, and we’re happy to provide a useful guide that will help you make the most of your home inspection experience.
 
What’s Covered?
 
Home inspectors merely examine what’s visible on the home’s surface – they do not conduct extensive testing. They can, however, recommend further inspections or testing if a specific issue is detected. The main function of home inspections is to identify any major problems, such as safety concerns.
 
Generally speaking, there are a number of basic elements covered by a home inspection. An inspector will usually examine a home’s plumbing, electrical, central air and heating systems, appliances, roof, electrical system and insulation. The exterior of a home including the foundation, lot, siding, decks, doors and windows is also factored into a home inspection. And interior elements such as walls, flooring, cabinetry and steps are covered as well. Attics and basements are part of home inspections if applicable. Of course, what’s inspected will vary depending on the structure’s size, age and other factors.
 
Should Buyers Attend the Inspection?
 
Buyers often attend and participate in home inspections, so it’s perfectly reasonable to ask your inspector if you can be a part of the process. The inspection is a great time for buyers to ask questions about the property, as this is an opportunity to gain a better understanding of the home’s condition. Be sure to take into account the time of day when you’re scheduling an appointment. You’ll need plenty of natural light to thoroughly examine the home, and it’s best to allow two to three hours for the inspection.
 
What Are the Costs?
 
Depending on the area, inspector and home’s size, an inspection usually costs somewhere between $250 and $500. Network Real Estate agents can recommend individuals they’ve worked with, although it’s always a good idea to get estimates from prospective inspectors before finalizing your decision. Always hire a licensed building inspector to ensure you are receiving service and information from a credible source.
 
What Happens Following an Inspection?
 
A home inspector details the findings in a written report, which describes conditions in detail and usually includes photos, as well as any major defects encountered. It’s a great idea to reach out to licensed contractors or home professionals to get estimates on any repairs needed. And it’s possible you may be able to negotiate with the seller by asking them to pay for repairs or decrease the purchase price if you’re responsible for repairs. The buyer and seller may even share the costs, but each situation is different, and it’s important not to make any assumptions following a home inspection.
 
Home inspections can often be deal-breakers when it comes to purchasing a home. If a buyer and seller cannot come to an agreement, then a buyer may choose to back out of a contract. When this happens, a buyer is usually only out the cost of the home inspection, although circumstances may differ according to contract terms. It’s best to choose not only a knowledgeable Realtor, but also one who can help guide you through what can be a stressful experience. Network Real Estate has a stellar team of agents who can ensure your individual needs are met.
 
Neal Johnson is a CMCA, CRB, CNE and GRI-certified, licensed real estate broker at Network Real Estate, which has exclusively served a high volume of property sales and purchases in the greater Wilmington area for more than 30 years. With offices at College Road, Historic Downtown and Pleasure Island, Network’s brokers are widespread and well-versed in this marketplace, making Network a preferred real estate company for first-home buyers and beyond.

Other Posts from Neal Johnson

20489 networkrealestate insightsad final 121814105759
Ico insights

INSIGHTS

SPONSORS' CONTENT
Dave sweyer 300 x 300

Have You Done Your Hurricane Homework?

Dave Sweyer - Sweyer Property Management
Ch headshot

Beyond the Bench: UNC Wilmington Classroom to cGMP Laboratories

Alyce 4 april242017

Instead of Isolation or Institution, a Third Approach to Senior Housing

Alyce Phillips - Old North State Trust LLC

Trending News

Realtor Submits Site Plans For Luxury Condos, Executive Office Center

Cece Nunn - Aug 22, 2019

Firm's Expansion Expected To Lead To New CRO Jobs In Wilmington

Cece Nunn - Aug 22, 2019

SummerFest 19 To Include Street Food Cook-off At Battleship Park

Jessica Maurer - Aug 21, 2019

Timeline In Motion For Castle St. Redevelopment Project

Christina Haley O'Neal - Aug 21, 2019

Drift Coffee  & Kitchen Now Open At Mayfaire 

Jessica Maurer - Aug 21, 2019

In The Current Issue

ILM Passenger Numbers Trending Up

The number of travelers using the growing Wilmington International Airport has soared each month in 2019 compared to the same month the prev...


Info Junkie: Girard Newkirk

CEO & Founder of KWHCoin, Girard Newkirk shares his top tech and informational tools....


Local Distillery Makes A Splash

With Brooke Bloomquist’s background in marketing and special events and her father’s naval career and business prowess, their masterminding...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

WILMA's Leadership Accelerator
Power Breakfast - The H Word (June 13, 2019)
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`