So, you are ready to sign the deal and purchase your first home. You are probably very excited and nervous at the same time. A home is a lifetime investment and after you sign on that dotted line you are going to be responsible for that home, as long as you live it. If anything breaks down and need to be repaired, it will be up to you to make sure these repairs are completed efficiently and properly.
However, before everything is all said and done, you are going to have to consider if you want to go through the home inspection process in Houston, TX. Remember that as the buyer, it is completely up to you if you want to hire an inspector or not. While hiring an inspector is a great idea, you don’t want to make a hasty decision, because choosing the right inspector can majorly affect your finances in the future. Below, you will learn some important information about home inspectors that you need to consider, when choosing which company to hire.
What Happens If The Home Inspector Misses Something?
Everyone makes mistakes and even the best home inspector can miss something, during the walkthrough that can lead to major problem in the future. You may be surprised to learn that not all inspectors are insured. Even if they do carry insurance it usually isn’t enough to protect the homeowner. Generally speaking home inspectors liability insurance will top out at the cost of the inspection. So, if you choose an inspector that just carries liability insurance and he or she misses a major problem that leads to thousands of dollars in repairs, you are going to be left footing the bill.
However, if you want to avoid this make sure that you hire an inspector that carries “error and omissions” coverage. This type of insurance policy can go a long way beyond simple liability insurance and does so much more to protect the homebuyer.
Be Wary Of Inspectors That Offer To Perform Repairs
If any problems are found during the home inspection process in Houston, TX someone is going to have to repair these problems, before the home can be sold. While it may seem more convenient to have one single person make the repairs and the inspection, it probably isn’t in your best interest. This doesn’t mean that the inspector isn’t capable of making the repairs within ethical standards. He or she is probably very capable of making the repairs, but it may be unethical for them to offer. In fact, you may be surprised to learn that the American Society of Home Inspectors forbids inspectors from making repairs on anything that failed the inspection process.
Watch Out For Real Estate Agents That Suggest Inspectors
If your real estate agent provides you a recommendation for a home inspector, you might want to make other considerations. For most inspectors, a real estate agent is their number one source of advertisement. Any inspector relying on real estate agents for referrals knows that there is a chance the home might not sale, if problems are discovered. This may make the inspector feel more compelled to overlook little things. This doesn’t mean that all agents and inspectors are unethical, but it is certainly something to look out for.