Heller Coley Reed

Home Inspection Checklist: Why Home Inspections are Important and What to Expect

If you’re in the market for a new home, getting a home inspection can save you thousands of dollars down the line. Here is a checklist to help you prepare.

Getting a home inspection is an important part of buying (or even selling) a home. Home inspections are not always required—nor are they the same thing as an appraisal. An appraisal is done to determine a home’s market value, and is almost always required when taking out a mortgage.

A home inspection, on the other hand, determines whether there are any structural issues in the home (and outside of it). Yes, getting a home inspection will cost you (the average cost is $300 to $450 according to Bankrate), but the few hundred dollars can potentially save you a lot of money down the line.

“In this super-competitive housing market, waiving a home inspection can be appealing for buyers seeking to make their offers more attractive to sellers who have plenty to choose from—but buyers do so at their financial peril,” says Clare Trapasso, real estate expert at Realtor.com.

Home inspections can be especially important for first-time homebuyers—you don’t want to buy your first home and then spend thousands of dollars on major repairs that an inspection could have helped you avoid. Also, it could help you negotiate the repairs or the price of the home with the seller.

Trapasso says that things such as a cracked foundation, roof problems, and electrical and plumbing issues may not be visible to the naked eye in listing photos or during a home tour. “These problems can set new homeowners back tens of thousands of dollars on top of what they’re paying for the house and closing costs,” she explains. Plus, buyers who waive home inspections and then find things wrong with the property might not be able to back out of a deal without losing money, warns Trapasso.

A home inspection can be important if you’re looking to sell your home, too. It can help you get ahead of any big repairs or maintenance issues before listing.

Here is a checklist that can help guide you as you look at a home, and ensure you’re looking at all parts of a property. While it does not replace an actual home inspection by a certified professional, it can help you prepare for what an inspection entails.

Grounds

Exterior structures

Structure

Exterior Surfaces

Windows, Doors, and Wood Trim

Roof

Attic

Interior Rooms

Fireplace

Kitchen

Bathrooms

Miscellaneous

Basement or Mechanical Room

Crawl Space

Plumbing

Electrical

Heating/Cooling System

Source: Total Home Inspection