Before you buy a home, it is important to have a full inspection by a home inspector of the building certifier. You will think you have found the home you are looking for, based on the information provided by the seller, the view of the home, and its location. You may think that you are paying a fair price for this piece of real estate. However, if your home inspection reveals an expensive problem that will take a lot of work to fix, would you still feel the same way about that home?
The building certifier’s inspection is carried out in the same way as a new home, reporting some problems that need fixing or suggestions for improving the property. That said, not everything that is reported in a home inspector is of great importance. Some things, such as a broken lock, can be fixed with a few dollars and without much effort.
The building certifier‘s inspection report on the owned property contains a problem, the contingency clause in most real estate purchase offers only allows the buyer to cancel the contract if there is a substantial or significant problem that exists revealed inspection.
What constitutes a substantial or significant problem will vary depending on the property. Buyers and sellers should consider the cost of the repair in relation to the purchase price of the home. In many cases the following kinds of problems can be substantial or significant:
- Structural Elements of home– If the roof needs repair, the foundation is faulty, or the structure is not good, then it will probably be a problem that will be costly to fix. This can include water problems, like basement water that collects when it rains.
- Plumbing System: If there is a complicated plumbing system problem, it can be expensive and difficult to repair. However, if the problem is limited to a small area, such as a sink, then it will not be a problem of significance.
- Electrical System: as in the case of plumbing, if there is a systemic problem in electricity, then it will be significant. If, for example, the wiring system is not encrypted, then it will be a security problem that can be expensive to fix.
- Furnace and Heating System: A problem with the heating system or with the furnace is also a safety issue that can be difficult to fix.
- Asbestos – This is not a typical part of a home inspection, but asbestos may be present in the home, so the prospective buyer should hire an asbestos inspector to determine the presence of this substance. Breathing asbestos can be dangerous as it can result in serious health problems such as mesothelioma. Their removal can be costly.
- Lead Paint: Lead paint, such as asbestos, is typically not part of a home inspection, but may be present in homes built before 1978. It is important that your home is tested for lead paint. lead and that all that exists be removed from the building, especially if young children or pregnant women are going to live in it.
Other issues such as problems with individual fixtures and cosmetics, such as stained rugs or torn wallpaper, are usually insignificant and do not cause rejection of an offer to purchase real estate.
Before canceling an offer to purchase due to a problem discovered during a home inspection of your building certifier, the prospective buyer should typically share the inspection report with the seller to give him an opportunity to fix the problem or negotiate a solution with the buyer. Once the seller knows about the problem, then the seller is usually obligated to disclose the problem to other potential buyers. Consequently, it is often in the best interests of the seller to cover the cost of repairs or to negotiate with the buyer, rather than letting the buyer withdraw from the agreement to buy the home.
Talk to a Qualified Building Certifier Today
This article is intended to be helpful and informative. A qualified building certifier can address your particular needs and will explain. Take the first step now and contact a private building certifier. You may also like to read “House has not passed the building inspection”.