Home Inspection and Home Warranties
A home inspection is a visual inspection of the structure, and some components of a home. Even if you’re buying a newly constructed home, you should get a home inspection. Everyone should consider having the home inspected, even if it is an “as-is” sale.
It’s a good idea to be there for the inspection – not only is it a great way to learn about your home, but the inspector can also explain and answer any questions that may come up.
A home inspector's report will typically review the condition of:
- Heating and central air conditioning system
- Interior plumbing and electrical systems
- Walls, ceilings, floors, windows and doors
- The roof, attic, and visible insulation
- The basement and visible structure
Some items, like mold, mildew, rodents, termites, etc., will require a separate inspection by a professional. Your general inspection report may comment on items like termite damage or water stains, although only a professional in that specific area can tell you the extent of the damage and if it is something that needs to be addressed.
Home inspections are NOT...
- A protection against future failures
- An appraisal that determines the value of a home
- A code inspection, which verifies local building code compliance or the existence of permits for any improvements on the property
A home warranty protects you against the failure of some components of your home. Different warranties cover different things, so make sure to read through the list carefully so you’re aware of what is covered, what the deductible is.
90 Day Warranty
The 90 day warranty from the inspection company will cover certain items for up to 90 days after the inspection is performed. It is a fairly limited warranty that is typically designed to partially cover certain items that fail shortly after a home inspection.
The annual warranty is much more comprehensive and while it does cover more than the 90 day warranty, it doesn’t cover everything – be sure and read what is included.