A home inspection can give homebuyers important information about the condition of a home they’re purchasing, and it may help alert them to any major repairs and expenses down the road.
When the housing market is competitive, some buyers skip all contingencies, including the home inspection, which can be risky. But others are still opting to have an inspection done before making an offer.
In a seller’s market, many properties are sold “as is,” which means sellers won’t negotiate for repairs even after an inspection.
Even so, a home inspection, and a home inspection checklist, could help you avoid buying a home at the top of your budget that will soon need big fixes.
Key Points
• Home inspections are crucial for identifying potential issues, ensuring that buyers can make informed decisions.
• Inspectors evaluate critical systems such as HVAC, plumbing, and electrical, for functionality and safety.
• Structural elements, including floors, walls, and ceilings, are assessed for stability and signs of damage.
• The house’s exterior is examined for water damage, infestation, and other issues.
What’s on a House Inspection Checklist?
Here are the common items evaluated in a general professional inspection, according to the American Society of Home Inspectors.
The average cost of a home inspector ranges from $296 to $424, though they can go higher or lower depending on location and house size. What’s more, the inspector might suggest a separate inspection by a specialist if they spot a potential problem but think an expert should evaluate it further.
It’s a good idea to make sure you can accommodate these types of costs in your home-buying budget.
Heating and Air System
Depending on your geographical location and the weather there, a finely tuned heating, ventilation, and air conditioning (HVAC) system might be a top priority on your home inspections list.
Does the house you’re considering have an HVAC system? An older property might not, in which case you may want to research and price the purchase and installation of a system.
If the property does have HVAC, does the system work and how old is it? If it doesn’t work, or work well, you’ll want to find out what it will cost to repair or replace it.
If the system is practically vintage, the Department of Energy says it might be worthwhile to replace it, as newer models are more efficient and likely to lower your energy costs.
Recommended: What Are the Most Common Home Repair Costs?
Plumbing System
It’s easy to forget about pipes when you’re walking through a home. You can’t see them, but they greatly affect daily life and are not always simple to repair.
Ask your home inspector to check all plumbing work for possible leakage. A leaky pipe can lead to water damage and additional repair work. Once you know if there’s a problem and how significant it is, you can determine the cost of fixing a leaky pipe.
An inspector could also check drainage throughout the home, the condition of the garbage disposal and water heater, and overall water pressure. If the home is older and has a septic tank, that could be inspected, too.
Check out the SoFi guide
to first-time home buying.
Electrical System
A professional home inspection will likely include an evaluation of a property’s entire electrical system, ensuring that it is up to safety standards outlined by the National Electrical Code.
The functioning of the electrical box, outlets, switches, and lighting will be checked, as well as the state of the wiring throughout the home. If major work needs to be done, you can get a quote for the cost of rewiring.
If the house has solar panels, you might want to make sure they’re in working order and ask for the maintenance history.
Roof
No matter the type of roof, the home inspector will check its condition and age.
A roof in good shape helps ensure against leaks and provides some level of insulation. It’s also important to know if you’re buying a home with a roof at the end of its lifespan, so you can set aside money to replace it when needed.
Replacing a roof can run from about $5,867 to $13,209, HomeAdvisor notes.
Floors, Walls, Ceilings
Put the bones of the house on your house inspection checklist.
Structural components like these will likely be looked at in your home inspection. You’ll want to be sure the floors are level. And consider the floors cosmetically. Is the carpeting new? Are there wooden floors that need refinishing?
Look for cracks in the drywall or plaster that make up the walls and ceiling as well. Sometimes cracks are a natural change as walls expand and contract with weather changes. But it’s good to know if all you’ll need is spackle and paint or if repairs will require a lot more time and money. A home improvement calculator could help you figure out the potential cost.
Foundation, Attic, Basement
A home inspector will crawl through a foundation space, checking for stability and that it is up to national safety codes. This is just one of the reasons why failing to get a home inspection is a homebuyer’s mistake to avoid.
A basement will be checked for dampness and good ventilation for moisture control.
And if the home has an attic, your inspector will check to see that the beams and rafters (which support the roof) look secure and distress-free.
Insulation
Homes generally lose heat through the windows, walls, roof, and attic. Proper sealing and insulation can be a good way to prevent this, lowering energy costs.
If your prospective home is quite old, it’s possible it has no insulation, and you might want to consider the cost of adding it. If the home has been insulated, the home inspector will check its condition and look for gaps.
Exterior
Exterior walls will be evaluated, with an eye toward any damaged bricks, shingles, or siding or bubbling paint. Other important exterior components are chimneys, gutters and downspouts, doors, and windows. You might also want to check for moisture.
If water collects and stands anywhere on the property—because of poorly hung gutters or a leaking sprinkler, for example—you may want to nip it in the bud to avoid mold growth and/or water damage. Check for pests like termites or cockroaches as well.
Appliances
If a refrigerator, stove, and washer and dryer are part of the deal, have your inspector make sure they are in good working order.
If the home comes with few to no appliances, determine how much adding them will cost.
Recommended: Guide to Buying, Selling, and Updating Your Home
Choosing a Home Inspector
If you’re using a real estate agent, chances are your agent can recommend a few home inspectors they’ve worked with previously.
Then again, a home inspector your agent referred may feel obligated to go easy on the inspection.
Whether you’re using a buyer’s agent or not, some consumer advocates say it’s a good idea to find your own inspector. You can ask for references if you know someone else who’s bought a home in the area recently. Or you can search a referrals site like Ang or HomeAdvisor for a recommendation. The National Association of Home Inspectors also offers a tool to help you find a home inspector near you.
Other things to put on your house-hunting checklist: Know your credit score and get prequalified and preapproved for a home loan.
The Takeaway
A home inspection checklist can unearth problems that can be a dealbreaker, possibly a negotiating tool, or something a buyer is willing to accept and deal with. The curb appeal may be great, the staging superb, but house inspection lists offer a probing look at what lies beneath.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
What’s the biggest red flag in a home inspection?
There are a number of red flags that a home inspection may turn up. Among the top concerns are roof and foundation issues, signs of mold and/or mildew, indications of water damage, and termite or other infestations. All of these can be difficult and expensive to remedy.
How many buyers back out after inspection?
It’s hard to know exactly why buyers decide not to go through with a home purchase, but the number who back out after the home inspection is about 10% to 15%, though it can fluctuate.
How often do homes fail an inspection?
Of homebuyers who get their new homes inspected before buying, 24% report that the properties failed the inspection.The majority (32%) say the inspector found minor issues, while 30% say the house passed the first inspection.
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