Essential Repairs After a Home Inspection
As reported by Forbes Advisor in their article “What Fixes Are Mandatory After A Home Inspection?,” after entering into a contract on the purchase of a home, buyers typically have the opportunity to get a home inspection at a cost unless they waived that right during their offer. Following the inspector’s report, the prospective buyer may request repairs from the seller—which often leads to another round of negotiations between the parties.
Common Repairs After a Home Inspection
Although regulations vary by state, home inspection fixes are rarely mandatory for sellers. One of the few exceptions: Some states do require that sellers ensure there are working smoke and carbon monoxide detectors on each level of the home. Beyond that, however, buyers are often more responsible for making repairs in order to get loan approval.
As a non-invasive, visual examination of the house and its systems, an inspector’s primary purpose is to look for “material defects” that would prevent the home from being used as intended. Inspections cover the structural, exterior, roof, plumbing, electrical, HVAC, and major interior components of a home.
After getting the inspection report, common repairs that buyers may request include addressing foundation problems, roof damage, HVAC, plumbing, or electrical systems to cosmetic interior fixes.
It’s good for buyers to anticipate that just about every home will have some defects. In most cases, these minor defects won’t rise to the “make it or break it” level—but buyers are still within their rights to ask for the issues to be fixed.
Prioritizing Major Repairs
Joanne McCoy, a real estate agent in Lincoln, Nebraska, tells Forbes Advisor she recommends buyers focus on requesting fixes for major defects revealed by a home inspection. She advises clients to prioritize repairs on items that are safety issues (such as electrical), health issues (such as mold), or major expenses (such as windows or roof repairs). “I do feel it’s really important on some items, such as electrical, plumbing, and possibly foundation, to have those completed by a professional licensed contractor.”
Even then, what buyers are willing to look beyond will depend on other factors. “Each buyer is going to look at the results of an inspection differently based on their background,” McCoy told Forbes Advisor. “Some buyers feel more comfortable if everything is completed before they move in. Other buyers, either themselves or friends or family members, can help with some items after closing.”
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Article with all rights reserved, courtesy of forbes..com