All about Boston condo home inspections
When purchasing a Boston Seaport condo for sale, it is easy to get overwhelmed by the entire process. Not only do you have to find a qualified real estate agent to assist with the process, but you will also need to work with a number of other professionals throughout the purchasing process.
One of these experts is the home inspector. In order to ensure you get the most out of your home inspection, it is important to learn more about the process and how it might affect your Boston Beacon Hill condo purchase.
What is a Home Inspection?
As the name implies, a home inspection involves reviewing the condition of the Boston downtown condo in order to determine what types of repairs might be necessary. Items that are typically inspected as part of the process include:
– Central air conditioning system
– Electrical systems
– Heating system
Many Boston condo home inspectors will also allow additional services to be included in the inspection process. Additional tests that might be added to the inspection include radon testing, mold testing and water testing. Don’t be worried if you’re home doesn’t receive all of these tests as they are often regional in inclusion. For example, homes in downtown Boston may not require the same tests as a Lexington,Ma single-family home , simply because of the prevalence of different problems in different regions.
Why Should I Get a Home Inspection?
While a home inspection does not serve as a guarantee that you won’t encounter problems with your home, it does provide you with an effective bargaining chip when negotiating the purchase. If there are problems with the home, for example, you might insist upon having those problems corrected before you will finalize the deal. Or, you might negotiate a lower price in response to the problems the home inspector found.
In addition to having a bargaining chip, getting your home inspected will also help to protect your safety. While home inspectors do not check whether or not the home and its systems meet local building codes, they will report any safety concerns they find during the inspection. With this information, you can take the steps necessary to make your home safe before you move in.
Do I Have to Attend the Home Inspection?
While you do not have to attend the home inspection, it can be helpful to be present while the inspector does his or her job. This way, the inspector can explain the problems he or she encounters and can answer any questions you might have. Even if no problems are encountered, attending the inspection can help you become more familiar with your future Boston high rise condo
Will the Home Inspector Offer a Warranty?
In some cases, home inspectors offer 90 day warranties that cover certain items. It is important to note that these warranties are less comprehensive than those that are sometimes presented by real estate agents. Therefore, if you are interested in obtaining a warranty, it is important to explore all of your options to ensure you are getting the warranty that best suits your needs.
Newest Boston condos for sale
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There’s one thing almost every real estate agent can agree on: The home inspection can put up some major roadblocks when it comes to closing a deal.
Although there has been a great deal of innovation in the real estate industry over the years, surprisingly, this is one area that hasn’t seen much progress. While new tech has sped up almost every other part of the transaction, home inspections still seem to be holding up the show.
That lack of progress inspired Hippo, a home insurance group, to shake up home inspections and bring the focus back on the homeowner. What they realized was that everyone involved in the transaction was looking for more than just a home inspection—they were looking for peace of mind and a clear pathway to the closing table.
In August of 2020, Hippo* connected with Inspectify, a marketplace for home inspections that streamlines the process and helps agents accelerate transactions. With a common goal of creating a better home inspection experience through innovation, Hippo and Inspectify were perfect partners to launch Hippo’s unique new product: Inspection Protection.
During a pilot program, the results were overwhelmingly positive. On the listing side, homes that included Inspection Protection spent less time on the market, and buyers were 4x more likely to waive their inspection. This helped save three or more weeks on the overall transaction. In addition, the inspection report is available online for prospective buyers to see, which helps generate leads and instill confidence that no one will be holding their breath waiting for the inspection shoe to drop when it comes time for due diligence.
It’s not just helping on the listing side, either. Hippo and Inspectify are seeing buyers get Inspection Protection for their own added peace of mind. Home prices are high, and buyers are hitting the top of their budget to make a competitive offer on their dream home. When strapped for cash, making repairs after closing can be stressful and structural issues are some of the most costly repairs to make. Knowing that there’s an added layer of protection if something were to be amiss can help new buyers feel at ease with their investment.
*Hippo Warranty Solutions Inc. is Hippo’s service contract provider for Inspection Protection. Inspection Protection is currently available in Arizona, Colorado, Delaware, Georgia, Illinois, Kansas, Kentucky, Maryland, Massachusetts, Minnesota, Nebraska, New Hampshire, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Vermont with more states coming soon. Hippo Warranty Solutions Inc. is licensed or authorized to offer service contracts in the aforementioned states. Service contracts are subject to the terms and conditions, exclusions, deductibles, and limitations including but not limited to an aggregate claim limit of $100,000. Contract cost is based on the age and square footage of the home.