How important is your home inspection when purchasing a
home? Well, most would agree it is very
important. There are so many aspects of
home inspection that can affect you purchasing it, and determine whether you
will renegotiate price.
Home inspection is typically the very next step after being
qualified for a mortgage and receiving an accepted offer on a property you are
interested in buying. However, finding
the inspector can be the challenging part.
The number of certified inspectors has dwindled significantly due to the
economic downturn. Illinois has
approximately 1,400 inspectors for the entire state, so while the market is
getting increasingly busier, many inspectors have very full schedules and can
have very few openings.
Some inspectors encourage buyers to start
researching home inspectors prior to finding a property and making an
offer, keeping the last minute frantic search out of the equation.
Often times a realtor will recommend an inspector they have
used before, and many buyers like to find their own. The important part is to check their
Certification. Find an inspector that
has your best interest at heart. Many
inspectors will actually have their license number readily available. Researching an inspector’s license can be
done at, idfpr.com/licenselookup/licenselookup.asp.
Richard Shaulis, of Your
Home Inspector, Inc. in the Chicagoland area says that, “First and foremost
I work for the client, not anyone else,” hence the company name. “The safety and the well-being of my client,
is not only physical, but financial. If
I make a major mistake or oversight can have a compounding effect on a 30 year
mortgage for more than half of that term.”
Richard also teaches home inspection at Triton College, in the suburbs of Chicago, and
focuses on teaching his students the importance minimizing risk and “unending
consequences” for the client, meaning consequences that will continue to
Educating the homebuyer is important especially when it
comes to large repairs like the roof or structural support, as these can have
significant impact on the price negotiations, but Shaulis also added, “noticing
and pointing out simple repairs like an insufficient garage door sensor or a
railing improperly installed can be fixed for pennies on the dollar most times
and can make the difference in saving a child’s life.”
Homebuyers should feel free to ask as many questions that
are necessary for them to feel knowledgeable about the purchase they are
considering and to confirm that the price they offered to pay in the contract
is reflected by the quality of the house uncovered in the home inspection
process. They should also keep in mind
that a home inspection doesn’t uncover everything. Maybe even consider a home warranty for those
appliances and other items that don’t last forever.