HouseMaster recently showed that more than 40% of previously sold home passed a home inspection even though it had at least one serious problem. Therefore, we have come up with some red flags to look for during a home inspection.
Every home needs some type of repair or improvement if it has been previously owned. Some repairs are expected, but with today’s high repair costs you want to make sure you know what you are getting into you buy a home. If there is a major problem, you may need to keep looking for your dream home.
The more serious defects to look for include cracked heater exchange, water contamination, failing air conditioning compressors, lead paint, asbestos, environmental hazards like radon, underground storage tanks, moisture in the basement, mixed plumbing, defective roofing or flashing, aluminum wiring, undersized electrical system, foundation cracks, chimney separation, and extreme house settlement.
Most all problems can be repaired. However, if the defect involves one of the major systems, the cost can be quite substantial, which could affect your purchasing decision. A new air conditioning compressor could cost you up to $1,400 and a new roof can end up costing several thousand dollars. Basement moisture problems can be an extremely high cost fix too.
When you are searching for a home inspector, be sure to hire a qualified inspector and get referrals from friends or people you trust that has used the inspector and was satisfied with the experience. Check for affiliations with organizations such as the American Society of Home Inspectors or the American Association of Home Inspectors. Members of these organizations must be certified and meet professional qualifications. They must also adhere to specific business ethics. Once you have an appointment set it is very important to be there during the home inspection.