Home Inspections for New Hampshire
What is a home inspection?
A home inspection is a visual inspection of the condition of the property. It should include an evaluation of the plumbing, water supply, septic, heating and cooling systems, roof, wiring, foundation and pest infestation. The resulting home inspection report summarizes the condition of the property, points out the need for major repairs, and identifies areas that may need attention in the near future.
When do I get a home inspection?
When you make an offer on a home by completing a Purchase and Sale Agreement Form, you indicate your desire to have a home inspection. You typically have 1-2 weeks to complete the home inspection and respond to the seller with your requirements or your intention to move forward with the purchase.
Why have a home inspection?
Buying a home is a big investment. You need an accurate assessment from a professional home inspector to make intelligent decisions whether to:
- Proceed with the purchase
- Negotiate repairs or adjust the purchase price or contract terms if major problems are discovered
- Withdraw from the purchase
What will a home inspection cost?
Inspection fees for a typical single family home in New Hampshire vary. They typically range from $250 to $700, depending on the type of property, number of water test parameters, septic inspection requirements, and type of radon testing.
The knowledge gained from an inspection is usually worth the time and expense. You will avoid purchasing a home with significant defects without some consideration from the seller. Even if the home inspection demonstrates a very solid home, you will have learned many things about your new home, and will want to keep that information for future reference. Besides, a few hundred dollars for peace of mind is a bargain.
Can I do my own home inspection?
Even experienced homeowners lack the knowledge and expertise of an experienced and trained home inspector. It will be very difficult to remain objective and unemotional about owning this new home and it will likely affect your judgment. If there are defects you intend to negotiate with the seller, you will need to provide the seller with an impartial third-party opinion by an expert in the field of home inspection. Also, the seller may disagree with your assessment of a required repair but will find it more difficult to ignore the written opinion of an expert home inspector.
What will cause a home to fail an inspection?
A home inspection does not pass or fail a property. The home inspection report describes the physical condition of a property and indicates what may need repair or replacement. You decide if the home passes or fails your own requirements.
How do I choose a home inspector?
Word-of-mouth referrals from friends or a Realtor is the best way to find a home inspector. Industry designations are also an important consideration including:
The National Association of Certified Home Inspectors (NACHI)
for information and referrals. NACHI is an independent home inspection organization that sets business practice standards and promotes continuing education.
American Society of Home Inspectors (ASHI) for information and referrals. ASHI is a not-for-profit professional society established in 1976. Membership is voluntary and its members include private, fee-paid home inspectors. ASHI's objectives include promotion of excellence within the profession and continual improvement of its members; inspection services to the public.
Certified Real Estate Inspector (NAHI CRI) for information and referrals. NAHI membership requirements include successful completion of all requirements for regular membership, completion of 250 fee-paid written home inspections and successful completion of the NAHI CRI exam. On an annual basis, NAHI CRI members must submit copies of three completed home inspection reports for review and complete a minimum of 16 continuing education units (CEUs).
Do I have to be there?
No, but it’s a really good idea. You will rarely spend a few hours in your entire life time learning as much as you will from a home inspector during the process of the home inspection. You may be surprised how detailed the inspection report is. also, having seen the property with the inspector will make the written report easier to understand.
If you have questions about the value of your home or other property in New Hampshire, call Charley Farley at (603) 471-9300 or e-mail charley.farley@weloannh.com.
Compass Mortgage Inc. - 172 Route 101 - Bedford, NH 03110-5416
Office Phone: (603) 471-9300
Fax: (603) 472-8811
Toll Free Phone: (877) 211-5300
Homebuying Made Easy®
Licensed by the New Hampshire Banking Department.
Equal Housing Lender | Member, New Hampshire Association of Realtors® | Member, Mortgage Bankers and Brokers Association of New Hampshire | Member, National Association of Mortgage Brokers (NAMB) | Federal Housing Commissioner Approved Lending Institution (HUD) | Agent, US Department of Veterans Affairs Home Loan Guaranty Services
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