You are not required to attend your home inspection. However, if at all possible, you should be present! If you are not able to attend the entire inspection, you should at least try to show up at the end of the inspection. This will allow you to meet with your Inspector and discuss his findings. Although you will receive a detailed report, it is always easier to understand a problem if you can look at it while it is being explained.
The inspection is also a great opportunity to become familiar with the home's various systems, locations of shut off valves, electrical boxes, etc.
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