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Daily Real Estate News  |  May 20, 2011  |   Avoid Home Flaws Being Uncovered Too Late
Home inspections don’t always turn up everything wrong with a home, but unknowing buyers can quickly turn unsatisfied when they move into their new home if they find a bunch of problems.

"The purpose of a home inspection is to look for material defects of a property: things that are unsafe, not working, or that create a hazard," Kurt Salomon, president of the American Society of Home Inspectors, told the Chicago Tribune. However, most buyers "think we can see through walls and predict the future.”

Home inspections, for example, don’t specifically test for environmental safety hazards like lead, asbestos, or radon--which can be costly to remove. Inspectors also may overlook mold or vermin when its hidden behind floorboards.

As such, buyers also should be on the lookout for common hazards because pinpointing these before closing at least allows them the opportunity to ask sellers to help pay for removal costs.

Experts warn that buyers should take note of homes built prior to 1978, which usually contain lead and possibly asbestos in 9-by-9 floor tiles in basements.

To help avoid post-move-in surprises, buyers also might consider bringing in additional safety inspectors to evaluate the home, such as chimney inspectors, electricians, or experts for leading or radon testing.

Source: "Above and Beyond the Home Inspection: Buyers Face Big Expenses When They Don’t Discover These Common Problems,” The Chicago Tribune (May 6, 2011)

Read More
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