What Should I Expect During a General Residential Home Inspection on my Northern Colorado Home?
During a routine residential inspection, the certified home inspector will inspect the structure, exterior, roof, electrical, plumbing, HVAC, interior, insulation and ventilation. Once the inspection is completed, the home inspector will generally provide the buyer with a report suggesting any improvements or repairs deemed necessary to bring the home up to current standards. Home inspections may often reveal problems with a home that could be pricey to fix. This can be used as a tool in purchasing negotiations with the seller.
As the buyer, you may be able to negotiate the price dependent on what the inspector has found. If flaws were found within the home, you as the buyer would have more considerations, and therefore more negotiation options.
As a Colorado home buyer who performs an inspection with a certified home inspector, you have the option to:
- negotiate a credit with the sellers
- have the seller pay for repairs before the closing
- purchase the home as-is
- walk away from the purchase if the issues seem too problematic
If you are purchasing a Colorado home using an FHA loan, it’s important to note that the FHA appraisal process will note property deficiencies that are readily observable and found not in compliance with HUD’s minimum property requirements/standards (Handbook 4905.1 REV-1 and Handbook 4910.1). These deficiencies, however, may not be the same as those noted in a home inspection report. It is advisable to obtain an independent home inspection report in addition the standard FHA home appraisal.
Remember: Home inspections are not appraisals.
If possible, plan to be present for your home inspection. Never pass up the chance to see your new home through the eyes of an expert. Although it could take anywhere between two and five hours depending on the size of the home, the home inspection is a valuable learning experience for you as the buyer.
Basics of a General Residential Inspection
Site: A check of the site grading and drainage, retaining walls, walkways, driveways, patios, decks, porches, fencing, gates.
Structure: An evaluation of the exterior walls, parapets, trim, chimney, foundation, slabs and basement or crawl space (if applicable).
Attic/Roof: Review of access provisions, insulation, ventilation, framing, roof surface, flashing, penetrations, drainage, overhangs, gutters, and downspouts.
Garage: Evaluation of the overhead vehicle door, automatic opener, fire separation.
Plumbing: A review of the accessible main piping, distribution piping, waste and vent piping, fuel system, lawn sprinklers, water heater, and laundry connection.
Heating/Cooling: A check of the type, condition, distribution/duct system, filters, and thermostat.
Electrical: Evaluation of the service entrance, system capacity, panels, circuitry, wiring, outlets, and switches.
Interior: Review of doors, windows, flooring, walls and ceiling, fireplace, closets, and stairs.
Kitchen: Looking at cabinets and counters, sink, faucet, garbage disposal, dishwasher, range, oven, and built-in appliances.
Bathrooms: A check of cabinets and counters, sinks, faucets, tubs, showers, toilets, and ventilation.
Interested in scheduling an inspection for your home in Windsor, Berthoud, Estes Park, Loveland, Greely, Fort Collins, Johnstown, Wellington, or Longmont? Contact us today.