A home inspection is a visual exam of the structure and systems of a house. It details problems with the property and if they’re serious enough to prevent a sale. The three main points of an inspection are physical condition, items in need of repair or replacement, and the remaining useful life of major systems.
A report won’t cover defects that are not visible, inoperable systems (e.g., A/C during the winter), or code violations.
It’s a good idea to be present during the inspection: you can ask the inspector questions, and the inspector can point out areas of potential trouble and may offer maintenance tips.
Expect an inspection to take 2-5 hours (old homes may take longer), and expect charges of $400-$900 depending on size.
The seller is not required to make repairs, but the buyer can use the report in negotiating (e.g., if a repair is made, the buyer will offer to pay more, otherwise the buyer will bid lower).
To hire an inspector, get recommendations from your REALTOR® or from others who have used them, or check the phone book under “Home Inspection.” Be sure to ask about references, memberships in professional associations, professional training, and experience.