A good home inspection report is extensive, containing checklists, summaries, photographs and notes. It may estimate the remaining useful life of major systems and equipment, as well as that of the roof, structure, paint and finishes. The critical information will include recommended repairs and replacements, too. An inspection is not a pass-fail exam. No fixes are mandatory after a home inspection, though it may uncover issues that prompt further negotiations with the seller. You’ll learn much about the home and gain confidence in the decision to move into your new address — or find out enough to pass on the purchase. Legally, there are no mandatory home fixes after a home inspection. However, when it comes to major problems that can affect the health, safety, and security of a home and its new owners, a lender may require that the issues be resolved before they provide the financing. For example, they will often require defects, such as structural issues, building code violations, or safety hazards in areas like attics, chimneys, or furnaces to be repaired. A home inspection is a great way to learn more about the home you are buying – and it safeguards you from getting
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