Home inspections are an essential component of the home buying or selling process because it provides an overall view of the structure’s quality and reveals specific issues or problems that might need to be corrected before the transaction can be finalized. It stands to reason that any home buyer would want to know what they’re purchasing since this is most likely the largest purchase they will make in their lifetime.
The Importance of a Home Inspection for Buyers and Sellers
For the buyer, finding out that the home they’ve just spent all their money on needs a new A/C unit or roof or that it has serious structural problems could be disastrous. This is why home buyers often ask for home inspection contingencies so they can back out of the deal if it’s a bad inspection. For sellers, nothing is worse than a deal that falls through at the last minute because the home inspection failed. Having the inspection done prior to an offer being in place enables the seller to make any necessary repairs. This assures the buyer about the safe indoor air and better structural strength of the house.
Why do Home Inspections fail?
Home inspections are not about failing or passing. It’s just a snapshot of the home’s current condition. Getting it done ensures your home is secure and needs to e considered as an investment in the house maintenance. That being said, here are 7 of the more common reasons that some homes fail an inspection:
- Electrical problems – electrical panels that are improperly wired, frayed wiring, and wiring that isn’t up to code are all issues that can have disastrous consequences.
- The foundation – a strong foundation is crucial along with the roof framing and walls. Settling can lead to a number of costly problems.
- The HVAC system – if any of the system’s components are not working properly or aren’t up to code, this could lead to costly repair and replacement issues.
- Mold – due to the climate, this is a common problem in Florida. This is always a very serious issue, especially for occupants with respiratory problems.
- Plumbing issues – because this component is not visible, problems can go undetected for quite a while.
- The roof – if the roof leaks, this could lead to costly repairs or replacement.
- Termites and other pests – another big red flag are wood destroying pests. These can cause problems for a home’s structural integrity.
Furthermore, insurance companies in some Florida areas require a Four Point Home Inspection before issuing a homeowner’s insurance policy. To learn more about home inspections or to schedule one prior to buying a home or putting yours on the market, call Florida Inspections Unlimited today at 305-910-1171.