How does the home inspection work and how do I find a qualified inspector?

Buying a home “as is” is a risky proposition. Major repairs on homes can amount to thousands of dollars. Plumbing, electrical, foundation and roofing issues represent significant and complex systems that are expensive to fix. So a whole house inspection (including new construction) is crucial and involves paying a competent professional to inspect the home, searching for defects or other problems that might plague the buyer later on. The inspector usually represents the buyer exclusively and is paid directly by the buyer at the time of inspection, which to complete usually takes two to five hours depending on the size and complexity of the home. The inspection usually takes place after a purchase contract between buyer and seller has been signed. One can usually find a qualified inspector by inquiring with their Real Estate Broker, Realtor Association or local listings for certified inspectors. The inspection industry is not regulated, so choosing the right inspector is important. However, the American Society of Home Inspectors (ASHI) has developed formal inspection guidelines and a professional code of ethics for its members. Membership to ASHI is not automatic; proven field experience and technical knowledge of structures and there various systems and appliances are a prerequisite. So always search for an inspector with either the ASHI designation or some type of documented credentials that meet to your satisfaction. Rates for the service vary greatly. Many inspectors currently charge anywhere from $400 – $700 depending on the home, but costs go up with the scope of the inspection.