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What Fixes are Mandatory in a Home Inspection?

Fri 01 April, 2022

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If you're thinking of putting your house on the market, you might worry that a home inspection will reveal issues that you weren't aware of.

Thus, it would be best to hire a home inspector to check out the house as it is an essential part of a sale process mainly if it is of a sub-sale (second hand) property. A home inspector will definitely cover most areas of the house and generally speaking, there are three types of inspection repairs: those that the inspector deems necessary; optional; and/or unnecessary.

Mandatory fixes required after a home inspection

Before a buyer applies for a loan to buy a house, lenders often demand that certain repairs be made. Costly structural flaws or building code violations are often the focus of these investigations.

Mould, roof damage, electrical and plumbing issues are just a few other things that can be discovered during an inspection.

Buyers should consider repairs if the property has a chance of affecting their wellbeing, or poses significant structural threats to the occupants. These are some examples:

Structural issues

Buyers should pay close attention to a home's structural stability. Structural damage is one of the most common reasons for a buyer to back out of a deal.

When it comes to a house's structural soundness, the foundation is possibly the most important component. To maintain its structural integrity, the rest of the home such as the frame, walls, and roof must all be in good condition.

This is something a seller needs to remedy before placing the house on the market if it's bad enough. It may be a good choice to seek out a structural engineer to repair the house if the situation is severe enough.

Termites and other pests

When you discover that your home has been infested by pests, it can be extremely stressful. The problem, however, cannot be ignored. They'll keep doing what they're doing, and things will only get worse from here.

Before the sale, have a pest control specialist come in with extermination and treatment solutions. Ants, termites, and other pests are a serious problem that should not be taken lightly due to the potential damage they can do to a building's structural integrity.

Plumbing, drainage and water issues

Is there a crack in the wall that hasn't been patched where the water is getting in? It's important to address these concerns. It's easier to deal with a water problem if you know exactly how it arises.

If the water is merely dripping from a little hole, you should be able to fix it. Drainage might be as basic as a well-functioning gutter system.

Additionally, your home's structural stability depends on proper drainage. A buyer should not have to deal with soil erosion and mould in their new home because of water seepage.

These problems must be resolved before they get out of hand. There is a good chance a home inspection could nip it in the bud and save you from costly repairs and headaches!

Mould Problems

Mould can pose serious health problems for homeowners because of dampness. It is, in fact, one of the most common issues in real estate transactions.

If you encounter a mould issue in your home, immediately contact a professional fungus inspector and request an inspection. They can help you identify and isolate your issue, and get the appropriate remediation services you need to restore your home.

Wiring or electrical Issues

Modern homes' electrical systems can't be accommodated in older homes. Your house could be a fire hazard if this is the case. Have an electrician check if your house’s wiring or electrical system needs upgrading to meet the power demands.

If nothing else, it will cause inconveniences if electrical items break down or have frequent power outages.

It would be best if you could ask your home inspector to advise you more on the electrical aspect of the house, such as the kind of wiring the home has, what to do in the sudden occurrence of a blackout, etc.

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Who pays for the repairs?

All repair costs are adjustable during contract negotiations, so keep this in mind when negotiating. Consider the advantages and disadvantages of each option before making a decision.

Sellers must take into account their alternatives when determining which repairs to make. A Property Sale and Purchase Agreement Contract usually includes provisions for the cost of repairs. Normally, the seller is obliged to pay for major damage or safety concerns.

Most real estate agents recommend putting away between 1 to 1.5% of a home's value for essential repairs.

In order to have realistic expectations going into the house inspection and repair requests, buyers and sellers should talk to their agents about the scope of rectifications and who is responsible for them.

As there is no hard and fast rule on who pays for the repairs, you'll want to be quite clear about this upfront with the price offer. Consult your real estate agent and lawyer to determine the best course of action.

What to do if the seller won’t make repairs after the home inspection?

Buyers are faced with two choices, to either seek out professional help to do the repairs on their own or, to walk away if the homeowner refuses to fix a problem, especially if it is of major concern.

Moving on is an option if you can't agree on a price that makes the house safe and habitable. This isn't always simple, especially if you've fallen head over heels with the place.

Negotiations should begin with the idea of including repairs or an allowance of a sum in your purchase price. A house inspection can be used as the basis for a purchase offer. This gives you the option to negotiate with the owners or to decline if required.

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Other common repairs after a home inspection

Home inspectors search for more than just the aspects that make a house safe and livable; they also check for problems that make a house unlivable.

It's possible that both parties could come to an agreement on the following repairs:

  • Plumbing issues like poor water pressure or leaks
  • Broken appliances
  • Roofing (if not categorised as a structural hazard)
  • Drainage issues

If it’s your first time having a home inspection, read ‘ Questions to Ask a Home Inspector’.

When to walk away after a home inspection?

If both parties can't agree on repairs, or if you're selling and can't make the needed repairs, a house inspection may push you out of the transaction.

Consider lowering the purchase price or asking for cash to cover some of the additional costs that may come with the purchase.

It's possible to sway buyers in your favour without having to undertake all of the necessary modifications, such as by including furniture or household goods in the sale.Some people may be ready to compromise on repairs if it means they don't have to go out and buy new furniture.

A home warranty might also be included in the contract. Temporary insurance policies can be offered during the policy's term to handle any issues that may arise.

When deciding whether or not to include this clause in your contract, be sure you fully grasp what it covers. Your house warranty may not cover everything you think it does.

The most important thing to do is to read your contract thoroughly. The best thing to do if you're not making any progress is to get out of the scenario.

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Conclusion

A home inspection will cost you some time and money, but it will save you time and money in the long run.

Inspecting the property can identify issues that you may be able to resolve with the current owners before moving in, thus protecting you from purchasing a money pit.

For first-time homebuyers, an inspection can serve as a crash course in home maintenance.

It also serves as a checklist of items that need to be addressed to ensure the safety and soundness of your new residence.

For more on house inspections, read ‘What Is Included In A Home Defect Inspection And Why Do You Need It?’