One of the steps that people purchasing a home in New York will need to take is having a home inspection. If you have never bought a home before, it can be difficult to know what to expect from this and what to look for in a report.
What a home inspector does
First, you should know that a home inspector does not give a “failing” report. Instead, they are reporting to you about any issues, and it is up to you whether you want to go ahead with the purchase based on that. Home inspectors are thorough, but there are a few issues that they do not report on, such as home radon levels or pests.
Some potential issues, such as structural problems, may be very difficult and expensive to address. Others may be largely cosmetic in nature, such as shabby or damaged countertops. A home inspector will look at these as interior issues along with reporting on appliances and structures like doors, windows and walls. They will look at the electrical system but not phone lines or alarm systems. They will examine the plumbing system, including fixtures and the water heater, and will also look at the exterior, including the roof, gutters, balconies and garages.
It might be possible in some cases to negotiate the price of the home if there are big problems with it, but in a strong seller’s market, sellers may be willing to let buyers walk away. A home inspection might reveal some fairly significant problems, but if buyers love the property and have the money to spend on improvements, the purchase may still be the right choice for them. Buyers may want to work with an attorney who can help them decide how to respond to home inspection reports and deal with other issues that arise.