The purchase of a home or condo is the largest purchase most people will make in their lifetimes. Because of this, it is essential that home buyers not only negotiate a fair price and secure favorable financing, before they sign on the bottom line; they need a home inspection conducted by a licensed and credentialed home inspector in Austin. Older homes and new builds both need a comprehensive inspection to ensure that you are not purchasing a home with structural, plumbing, electrical or other problems that can cost you tens of thousands of dollars, or more, if not found before you close the deal on your Austin home.
What Home Inspections Examine In Austin
A licensed home inspector is hired by the buyers and is an impartial and unbiased member of your home buying team. They examine the home, both interior and exterior to evaluate the safety and condition of the home. This includes a thorough evaluation of structural elements including the foundation, walls, ceilings and floors. The roof and the attic are inspected for the stability of the framing, proper ventilation, gutters, flashing and the condition of the roof. Plumbing is a bit more difficult to inspect as to examine every pipe and connection would be impossible. Inspectors check the drainage and vents in toilets, showers, faucets and sinks. Outside plumbing will also be inspected. Electrical inspections focus on the circuit breakers, the type of wiring found in the home, the main panel, receptacles, exhausts fans, light fixtures and more. In some cases where appliances are being left behind, the inspector will perform inspections on the garbage disposal, dishwasher, refrigerator, range, smoke detectors and carbon monoxide detectors.
What Happens After The Inspection?
Common practice in the Austin real estate market is for the inspector to write up his inspection report and to give it to the buyer’s real estate agent. The agent will share the report with their client and they will go over any concerns that the inspector has indicated. If there are items on the list that are in need of repair, the buyer’s agent can request that the seller of the property fix the problem prior to the sale of the property. In most cases, sales contracts in Austin for a new or older home, contain a clause that allows buyers to back out of a deal if the home inspection is unsatisfactory called an “Option Period”.
A home inspection will bring to your attention any safety considerations you need to weigh prior to purchase. In addition, they can alert you of any large repairs that may be looming on the horizon such as the need for a new roof, new air conditioning unit, and other expensive repairs that are invisible to the naked eye. It is essential that you know everything there is to know about the home you intend to purchase in Austin to make sure that you and your family will be safe and you enjoy the property for years to come.