Home inspections are so important because they give you the opportunity to thoroughly inspect the home with a professional before you spend any of your hard-earned money to buy it. Because of this, inspections are one of the most common contingencies in purchase agreements.
You can expect a home inspector to climb on top of the roof, deep into the attic, and along the base of the walls. Their job is to protect your investment and find any issues with the home, including:
- The roof
- Electrical components
- Heating and air conditioning systems
- The fireplace and chimney
- The foundation
After inspection, the home inspector will provide you with a detailed report outlining any issues and necessary, or recommended, repairs.
If you have a home inspection contingency in your purchase contract and major issues are noted in the inspection report, you can renegotiate the sales price, require the seller to make the repairs, or back out of the offer altogether.
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