waiving home inspections

Benefits of a Home Inspection

What Is A Home Inspection? 

A home inspection is an indispensable step in the home-buying process, offering peace of mind and financial protection. It reveals hidden issues and potential expenses, allowing buyers to make informed decisions about the home they want. A home inspection provides buyers with information to support their ownership from a safety and financial standpoint.

What Is Involved In A Home Inspection?

A home inspection involves an inspector evaluating the home and providing unbiased information about the property’s condition. During the inspection, a trained and licensed inspector will evaluate the home’s systems to ensure your family’s health, safety, and comfort.
Home Inspection

Why Should I Get A Home Inspection?

KNOW BEFORE YOU BUY

A comprehensive home inspection can make you aware of potential risks to your health. For Example, mold is found wherever moisture is present. If mold is seen during an inspection, then a full mold assessment can be scheduled. Depending on the type and volume of mold, it can adversely effect your family’s health. Likewise, living in a home with friable asbestos can lead to an increased risk of allergies, respiratory illnesses, and cancer. Of great concern, children exposed to lead can suffer developmental delays and cognitive impairment.

A home inspection will inform the homeowner of these risks and others; precautions can be taken to mitigate these issues before they  impact your health.

 

A home inspection informs the buyer if the home is safe to live in. Outlined below are some of the safety risks that are assessed during an inspection.

  • Fire Hazards: According to the Electrical Safety Foundation, there are an estimated 51,000 electrical fires in U.S homes each year.
  • Structural Damage: Termites are a contributing factor for structural damage. Approximately 600,000 U.S homes are damaged by termites each year.
  • Mold Hazards: Approximately 70% of homes have some form of mold in them, and roughly 45 million buildings in the U.S have unhealthy levels of mold.  
  •  Water Damage: Water damage amounts to roughly $13 billion per year, affecting tens of thousands of homeowners. Water damage can compromise a home’s structural integrity.

Very often, a home is the greatest investment you can make for yourself and your family. When it comes to an investment as important as a home, you’ll want to avoid the unanticipated cost of homeownership. An inspection will inform you of the state of the home, so you are aware of the property’s condition, what parts of the home need to be upgraded, and how to best maintain the condition of the home. 

Getting a professional home inspection before applying for home insurance is highly recommended. Many insurers will conduct an evaluation of the home as part of the underwriting process. The home inspection allows the buyer or seller to address health and safety issues in order to qualify for home insurance.

Getting a home inspection means learning about your home, and how to live comfortably in it. The inspection report provides the homeowner with information regarding different systems of the home, and how to maintain them. With this knowledge, you can plan for future ownership and avoid the high costs of emergency repairs. You’ll be equipped to care for your home properly, giving you peace of mind about your investment.

What It Means To Waive An Inspection

When you waive a home inspection, you forfeit your right to protect the health, safety, and financial well-being of your family. For example,

  • Knowledge about the home’s electric systems can prevent electrical fires, which affect roughly 51,000 homes per year. 
  • Knowledge about the home’s structural integrity can prevent tragedy and overwhelming economic cost.
  • Knowledge about termites, which affect 49% of Long Island homes, will help safeguard your home’s structural integrity. 
  • Knowledge about water damage in the home, which causes $13 Billion in damages per year, helps ensure your family’s health and safety.
  • Knowledge about mold in your home will help you protect your family’s health.

These are just a few examples of the information that gets overlooked when you waive an inspection. Waiving an inspection also means you won’t have as much knowledge about the other systems found in your home, such as heating and cooling, plumbing, roofing condition, etc. For more information on what is included in a home inspection, check the FAQ’s below or read through our sample inspection report.

I Sacrificed My Inspection Contingency, How Can I Tell If My Home Is Safe?

If you waived your inspection contingency, don’t worry. Post-contract, you can still have your home inspected to protect your family and keep your investment safe. Follow the steps below to have your home properly inspected and cared for. 

ACT NOW! Schedule a home inspection with a trusted, reputable inspection company. Inspecticore conducts a thorough, 500-point home inspection. Our same day/next day report provides you with extensive knowledge of your home.

The inspection report you receive will show you what needs to be repaired or replaced. Urgently addressing the major health and safety issues should be your number one priority. 

Once all the repairs are made, you can live comfortably and feel safe in your home. 

Frequently Asked Questions

A home inspection covers all aspects of the following:

Structure

  • Foundation
  • Main Beam / Support Columns
  • Attic
  • Crawl Space
  • Wood Boring Insects

 

Exterior

  • Roof
  • Chimney
  • Grounds
  • Garage
  • Outbuildings
  • Pool
  • Sprinkler Systems

 

Utilities

  • Electrical Systems
  • Generator(s)
  • Heating Systems
  • Air Conditioning Systems
  • Plumbing Systems
  • Hot Water Systems

 

Interior

  • Interior Areas
  • Bathrooms
  • Bedrooms
  • Kitchen
    • Appliances
  • Fireplace
  • Laundry
    • Appliances
  • Basement

Even with new construction, a home inspection is recommended. A home should be built with health and safety in mind; our inspection will ensure it. No home is free of defects, so an inspection is recommended regardless of the home’s age. A home inspection informs the buyer of the property’s condition; the inspection report provides the buyer with essential knowledge about their property and how to best maintain it. 

A home inspection provides essential information about the property’s condition, allowing the buyer to make an informed decision about the purchase of the home.

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