One of the very misunderstood parts of the home buying process is the inspection. For instance, buyers often mistakenly believe that if the home looks to be in good condition, it doesn’t require an inspection. Nothing could be further from the truth! In fact, it is recommended by real estate professionals that every home is inspected whether it is brand-new or 50 years old.
Your best protection against buying a home that is substandard in any way is to have it inspected by a qualified home inspector. It can be difficult as you have probably fallen in love with the house and are imagining how your children will look playing in the garden. You don’t want to think that there could be anything wrong with your future home, but isn’t it better to know sooner rather than later that the roof will need replacing in a year or two.
Buying a house is expensive, but the home inspection is not the thing to do without in the hope of saving a few hundred dollars. No matter how nice the homeowner appears, it is not good enough to just trust that they will even know about any problems their house has never mind telling you about them.
Home inspections can be an important part of the house buying process; Your agent should make sure that any offers are based on the results of the home inspection, you do not want to be locked into a purchase if the home inspection finds any problems that need addressing. Do not be shy about asking the home seller to fix any problems that are found in the home inspection; you don’t want to have to fix a plumbing issue the first weekend you are in your new home.
In some states, it makes sense also to have inspections for radon, mold, and termites. You also want to make sure that the roof is thoroughly inspected as is the basement. You can also ask the seller to purchase a one-year home warranty that will cover the major components in the house for one year and is renewable if the buyer chooses to do so.
Some home inspection tips for consumers.
The first pointer to consider is why you need to get the home you are buying inspected. There are several motives or reasons for doing so. The most important reason is to ensure that you are not purchasing a money pit. At times, the lender needs a home inspection, and in general, it is a good idea to check what requires to be remedied before closing. Additionally, there was a time when home warranty policy was included in the purchase agreement but today inspection is the only step that can protect one’s investment.
This is why the process has become more important. You need to obtain a report that covers all the bases and acts as an owner’s manual that can get you acquainted with your new home. Unfortunately, often the inspection is somewhat rushed or even cursory. Chances of missing out on minor problems are high, and sometimes a major defect is also glossed over. In case damages occur down the road, the buyer has the potential to file a claim, supposing the inspector is bonded. However, the liability may be restricted to the charges of the home inspection.
The second pointer is to identify a home inspector who is thorough with the task. He or she should write a detailed report and put everything found in proper view. In case there is some error, it is vital to understand the implications, the seriousness of the problem and the urgency to fix it.
To achieve this, you need to be sure that your inspector is not too obligated to the real estate agent. If he aims to please the agent with the motive of getting referrals in the future, he may adopt shortcuts.
This does not mean that you ignore an inspector referral from your agent. You need to ask for more names and discover more information about them. Most inspectors have their websites with sample reports, and you could find reviews about them on the Internet. Ensure that you will be able to get the kind of home inspection you want before selecting the inspector.
The third tip focuses on what needs to be inspected. Some reasons can lead to causing the inspector to exclude items from the inspection. Thus, it is recommended that you review the contract with care. Identify all usually excluded items that you ‘d like to include and probably included items that you don’t care about. Moreover, ensure that requirements of the lender and restrictions are accommodated. Talk about the changes you want in the list of exclusions and inclusions with the inspector, possibly negotiating a lessened inspection fee.
A home warranty covers some home repairs, but not all. Repairs and problems that a home warranty covers are water heaters, heating systems, plumbing systems, ceiling fans, central vacuum and rotary vacuum pumps, duct work, some appliances (like the range, microwave, dishwasher, and garbage disposal.) However, it doesn’t cover everything, leaving out repairs such as the roof, doors and walls, and items that are not built into the house. At times, to promote a sale, a seller will add a warranty on other elements in the home that perhaps the buyer has reservations about, such as air conditioning or a swimming pool. The purpose of the warranty is to cover any item that may break or stop working through the first year of the homeownership.
The seller purchases home warranties through the real estate company. It’s an excellent idea to promote a sale, especially if a buyer seems to have cold feet about some of the conditions of the components of the home. For the small cost per year, sellers can offer their buyers protection and peace of mind, and that may just be the extra push they need in the direction of closing on and purchasing the house.
If you are a buyer looking for real estate, look for sellers who offer home warranties. Not only is it protection for the buyer when the buyer needs to replace appliances or rotary vacuum pumps, but it is also a testament to the fact that the seller is aware of the condition of their property and willing to put their proverbial money where their mouth is.
Goodsell Home Inspections takes pride in our commitment to following high standards and providing professional service to all of our customers.
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