Congratulations on finding your dream home and having your offer accepted! As you head into the inspection process, it’s important to be aware of potential red flags that could indicate serious issues with the property. Even seemingly move-in ready homes can have underlying problems that may require costly repairs.
A thorough home inspection will assess the condition of the home’s systems and overall safety. Here are some of the biggest red flags to watch out for in the inspection report:
1. Structural Problems
Issues with the foundation, such as horizontal cracks, can be a major concern. Vertical cracks may not be as worrisome unless they are large enough to indicate significant damage. Other structural red flags include old wooden foundations, sloping floors, and cracks in walls.
2. Water Damage and Past Flooding
Water stains, musty smells, and signs of past flooding can indicate leaks, roof problems, or drainage issues. Flood damage can lead to hidden mold, electrical issues, and compromised foundation integrity.
3. Pests and Rodents
Signs of pests like mice, termites, or carpenter ants can cause structural damage and health risks. It’s important to inspect crawl spaces and vents for evidence of infestations.
4. Roof and Chimney Issues
Roofs and chimneys should be inspected for damage and proper installation. Damaged roofs or chimneys can pose fire hazards and structural risks.
5. Outdated or Unsafe Electrical Systems
Older homes may have outdated wiring that can be a fire hazard. Faulty electrical systems may require replacement before moving in, leading to insurance and lender issues.
The Bottom Line
Red flags in a home inspection report can indicate complex and costly problems. It’s important to address these issues before finalizing the purchase to avoid unexpected expenses.
FAQs about Home Inspection Red Flags
What would be considered a structural red flag?
Signs of structural issues include foundation cracks, sagging floors, bowing walls, and misaligned doors/windows.
What would cause a house to fail a home inspection?
Major issues like foundation problems, unsafe wiring, roof damage, water damage, or unpermitted work can lead a buyer to reconsider the purchase.
When should you walk away after a home inspection?
If the repairs needed are too costly or risky, it may be best to walk away. Major structural damage, water problems, mold, or safety concerns should be carefully considered.