Having your home inspected is a critical part of the home buying process, as is finding a trustworthy and competent inspector. Just as important, however, is understanding the report when it is finished. Here are some suggestions on reading it correctly and identifying the most important elements of the document. Reports are usually presented in a checklist or narrative format. A narrative provides more specific and detailed information about the inspection. Realestate.com mentions that some reports highlight the homes issues rather than its strengths. Let the home inspector know that you want both reflected in the report. They advise that it will be easier to judge the state of the home if the report includes the positives as well as the problem areas. When reading the report, focus on potential health hazards and the most costly problems first. Multiple sources, including Angies List and My Move, concur on the most important elements:
Your electrical system must be up to code. As described by My Move: It is critical that the electrical system can handle modern homeowners needs. Many homes have inadequate and outdated electrical systems.
Roof & Chimney
My Move warns that a faulty chimney is a prime cause of house fires. Angies List advises that the inspection be carried out on a rainy day to catch leaks or potential water damage. If this didnt happen, make sure that any water damage issues or concerns have been addressed.
Mold, Mildew, or other Health Hazards
Mold and mildew, while unsightly, and unpleasant to smell, can become a far more serious problem. Other contaminants such as radon gas should also be looked for. Many of these could become deadly if ignored.
My Move warns: Faulty plumbing can lead to huge repair bills. Make sure that water pressure and drainage have been addressed in the report. Angies List also highlights the importance of checking the pipes outside the home as well. Ask for clarification when and if you need it; get the most from your home inspection report. As Mortgage News Daily writes: The best inspectors are also teachersyou will learn a lot about your house and its systems. As Realestate.com suggests, keep the report as a valuable resource to be referred to later: A thorough report may contain up to 20 or more pages, detailing items that need adjustment, service or cleaning. The summary punch list, detailing the inspectors concerns, is a valuable reference for future home maintenance needs. Remember, if the report leaves you with questions, ask them. A home inspection is only worth the help that it gives the homeowner (potential or otherwise.)