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A Guide to Home Inspections According to definition, a home inspection is the act of examining the physical structures and systems of a home; it gives a detailed ‘photo’ of the current condition of the home. The main goal of the inspection is to help downgrade the risk involved with buying a new home; but the inspector will not be able to get rid of those risks and cannot determine future happenings because of changes in habitation. What is included in the inspection is potential safety and health issues, and areas in need of repair. The inspectors in Texas are required to be licensed by the TREC (Texas Real Estate Commission), must comply with the TREC standards of practice whenever an inspection is done in the home of a potential buyer or seller of a one-to-four residential home. Remember that the inspector does not need to move any object or furniture inside the home. Hence, it is a must that you clear out of objects the major components of the home before the inspection. The inspector will then record which objects were inspected (I), not inspected (NI), not present (NP), or/and deficient (D). The deficiencies may contain water penetration, damage, material distress, deterioration, inoperability, unsuitable installation and missing parts. The objects taken note of will not necessarily require the buyer or seller to do some fixing. The people who signed the contract will be the only ones to decide whether they will fix the deficiencies or not. Remember that there will be items listed that has something to do with safety issues and building codes; and only a few homes will comply to it. Home inspection costs Four factors will determine how much your home inspection fee is: age of the house, its size, specific features, and possible option systems detected.
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Usually, a home inspection will cost between $250 to $400, but there will be additional fees for optional services like the: swimming pool, lawn sprinkler system, hot tubs, spas, outdoor cooking equipment, outbuildings, private water wells, gas supply systems, whole house vacuum systems septic systems and other built in appliances. The decision as to avail of a home inspection should not solely depend on the possible costs. Is it possible for a home to fail the inspection? There is no way for a home to fail the inspection because it is just an examination of the current condition of the house. A rating of ‘fail’ or ‘pass’ is not issued. When is the best time for a home inspection?
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When the signing of the contract purchase is done, a home inspection should be done as soon as possible. In that manner, problems will be determined soon enough so that you can talk to the owner and arrange repair. Remember that each of these will have to happen during your option period.