5 Home Inspection Myths You Should Know
5 Home Inspection Myths You Should Know
The home inspection industry, like any other industries on the market, has had its share of myths and confusions. Because most buyers make their offers contingent on a home inspection, it is important to dispel these common myths so buyers can better leverage the home inspection process to their favor. Here are top 5 home inspection myths you probably have heard before:
Myth #1: Everything I need to know will be included in the written inspection report
A home inspection does not provide you microscopic information of your home’s condition. Your written home inspection report covers major structures, components, and systems of your home. Reports on termites, sprinkle systems, environmental hazards, and so forth will need to be ordered from companies that meet specific licensing requirements. To maximize your home inspection process, it is best for you to attend the home inspection and gain real experience and knowledge about the property. It is important to recognize this and other home inspection myths.
Myth #2: A home inspection is the same thing as a home appraisal
People have confused home inspection with home appraisal. The difference is that a home appraisal gives you an approximate value of your property, while a home inspection does not. A home inspection examines the structure, foundation, and major systems of the home (like the electrical, plumbing, and roofing system) to evaluate their condition as well as their need for repair and replacement. A home inspection does not tell you how much your home is worth base on its condition. The purpose is to help buyers realize the defects of the home and make an informed real estate decision. This is one of the most important home inspection myths.
Myth #3: Home inspections are only for buyers, this is an important home inspection myth
As much as home inspections are designed to protect buyers, they can be used as a powerful tool for sellers too. In fact, home inspection companies like Timberwood Inspections are offering home seller inspection or prelisting inspection services to sellers. The goal is to have sellers understand the true condition of their property and furnish it favorably for the market. Buyers appreciate when sellers have the home inspection done before listing. It is a sign of responsibility. By getting the home inspection out of the way, the seller can gain trust from the buyer and move forward to closing the transaction with confidence. Don’t be fooled by home inspection myths like this in the future.
Myth #4: Home inspections are unnecessary for brand new homes
One of the home inspection myths is to think that they apply only to old homes. You may be surprised that many of the new homes are not built in compliance with the latest building codes and regulations. As National Association of Realtors points out, new homes need a thorough inspection as much as an old home — sometimes even more. Not all homes are built with the same level of quality and precision. Sometimes, things get overlooked in the construction process. A home inspection will reveal any problem and defect so you will know whether the new home will live up to its promise of service and utility.
Myth #5: All home inspectors have similar or same qualifications and backgrounds
Requirements for becoming a licensed home inspector vary from state to state. Some states are stricter than others. In the State of Texas, home inspection is a self-regulated profession. A person with virtually no experience in home inspection can become a home inspector by taking some classes and passing an exam. Make sure you do your research and check the inspector or the inspection company’s history and experience. For best result, hire a local, independent company like Timberwood Inspections!
We hope you have learned a lot about popular home inspection myths. Timberwood Inspections has over 17 years of experience in the industry. We are licensed in not just home inspection, but also structural engineering. Call us at (281) 961-2385 to find more about our services in The Woodlands, Spring, Tomball, Conroe, and Houston TX.