Definition
A professional examination of your property's structural, mechanical, and safety systems to identify defects and maintenance needs. Inspections identify problems affecting value or livability.
Where you’ll meet it
What should I look for, and what's a red flag?
See it in Buying my first home · Step 3About this term
Professional inspectors examine the foundation, roof, walls, plumbing, electrical, HVAC, appliances, and other systems. The inspection report documents defects and often provides cost estimates for repairs. Home inspection contingencies allow buyers to renegotiate or terminate if significant problems are found.
Pro Tip
Always attend the inspection and ask the inspector to explain findings. This education helps you understand property condition.
Example
The home inspector identified a failing water heater, roof damage needing replacement, and outdated electrical panel requiring upgrade at an estimated cost of $8,500.