20 Key Questions to Ask During Your Home Inspection

The importance of a thorough home inspection cannot be understated. After identifying a suitable house in your mortgage pre-approval range, a certified home inspector helps identify major and minor defects that the average homebuyer may not notice.

Home buyers play a larger role than just selecting the company they wish to inspect their home. Given that you are about to make perhaps, the largest financial investment of a lifetime, staying involved and asking pertinent questions is a smart decision that will pay dividends. In fact, asking the right questions during the process helps solidify your understanding and position as the buyer. Focusing on the right questions enhances your knowledge about the process, property, and post-inspection implications.

Questions to Ask Before Your Home Inspection

Hiring a home inspection company tasks potential buyers with conducting thorough research. Like any industry, there are varying degrees of professionalism and perspectives. Consider contacting a few home inspection companies and taking notes on how they respond to these preliminary questions.

1. What is your inspector’s background?
2. What certifications does the inspector possess?
3. How long has the inspector worked in the sector?
4. Does the person specialize in residential properties?
5. How much does your firm charge for a complete inspection?

You may find that some professionals took community college or vocational training courses to become inspectors. Others may have previously worked as carpenters, masons, or general contractors. Each background provides a unique perspective and it’s essential to hire the best-suited person for your needs.

Questions to Ask During Your Home Inspection

Home buyers don't necessarily need to stand back as passive observers during a home inspection. While it’s important not to distract or impede an inspector’s process, interjecting the following questions can improve your understanding of the home’s structural integrity.

Key Steps for the First-Time Home Buyer

Purchasing a home is an exhilarating experience that can sometimes be overwhelming. It's important to balance your excitement with a grounded approach to ensure you make a smart financial decision. To guide you through this journey, here are 10 essential steps that will serve as your trusty GPS towards successfully owning your dream home.

1. What is the roof’s estimated age and replacement time?
2. Does the septic system sluggishly process gray water?
3. Does the home have adequate insulation?
4. Is it worth replacing the existing windows?
5. Does the grade appear adequate to prevent basement or crawlspace flooding?
6. What type of plumbing and electrical systems are present?
7. Where is the electrical panel located?
8. Does the plumbing have multiple shutoff options?
9. Should I have a radon test conducted?
10. Do you see telltale signs of previous pest infestations?

A home buyer generally gets one home inspection and one chance to learn about their potential property. It's important to take advantage of this opportunity and pay special attention to the comprehensive report from the home inspector. Doing do brings you one step closer to signing your mortgage paperwork and closing on the home of your dreams.

Questions to Ask After Your Home Inspection

Home inspection reports are often highly detailed and provide degrees of defects. Distinguishing between significant structural deficiencies and cosmetic ones can prove confusing. After reviewing your home inspection report, consider asking the following questions for further explanation.

1. What is the life expectancy of the roof?
2. Does it make sense to replace outdated windows and doors?
3. Should I insist on a termite inspection before buying the home?
4. Could previous water penetrations have resulted in mold growth behind walls?
5. What capital expenditures will the house need?

Follow-up questions and clarifications are crucial to understanding whether the property is worth the offer you made and subsequent mortgage. A less-than-desirable home inspection report may require further negotiations.

Who Pays for Repairs?

First-time home buyers are often taken aback by home inspection findings. Unless you are purchasing new construction, most existing homes have a few items that require fixing. If the structural integrity appears compromised or the house involves asbestos, it may be prudent to walk away. However, fixable issues usually lead to post-inspection negotiations that involve price reductions and decisions about who will pay for repairs.

It’s generally worthwhile to start by asking the seller to make needed repairs before moving forward with the transaction. For example, a home with a private well may not produce good water quality results. Although not necessarily contaminated, a buyer may request a filtration system be installed and have drinking water retested.

In the event post-inspection discussions prove fruitless and you still want to move forward, there are lending options available. By putting together a renovation plan and gathering quotes, CCCU may have a borrowing option to fit your needs. For example, qualified borrowers may be able to secure an FHA Loan (Federal Housing Administration). This federally supported mortgage helps people buy fixer-uppers, make the required renovations, and come out with increased equity on the other side.

Asking pointed questions throughout the homebuying process allows potential homebuyers to make informed decisions. Rather than walk away from the home of your dreams because it requires some work, contact CCCU today to find out what solutions are available for your unique needs. 

Turn Your Homeowning Dreams into Reality with Consolidated Community Credit Union

Consolidated Community Credit Union (CCCU) is here to guide you through the home-buying process and make your dreams of homeownership a reality. As a trusted financial institution, CCCU offers a range of services and resources specifically designed for first-time home buyers. With all the excitement that comes with owning your own home, there are a lot of questions that also arise. If you’re ready to begin the process of buying your first home, reach out to CCCU today!