Hello World! Welcome Friends! Buying a home is a wonderful accomplishment. However, many important steps go into purchasing a home and completing the sales process. One of the most important steps is the home inspection. Below are some useful tips regarding it and various questions the homeowners should ask to make sure the inspection goes as smoothly as possible.
What an Inspection Accomplishes
Inspecting a home occurs when the seller has accepted the buyer’s offer to purchase the home. The buyer then has to choose an inspector to come in and do a thorough look around the home to determine if there are any problem areas. The inspector will make a complete list of everything that is found so that the buyer can determine if the house is still a property they would like to own.
Recommendations for Experts
It is important to know how to negotiate home inspection to make sure you get everything you need out of it. For example, an inspector should be able to recommend specialists that can further look into problem areas that they discovered. An inspector is good at a lot of things, but they are not experts in the various areas that need attention.
What Repairs Should Be Done First
No home is perfect and free of issues. Asking an inspector to prioritize what repairs need to be done first is a good way to understand the severity of the issues found in the report. This will give the buyer a good perspective on the home’s issues and whether or not they are grounds for not purchasing the house.
Costs of Repairs
Depending on the age of the home, inspectors find various issues with it. Some issues are large, while others are minor. Asking your inspector for ballpark figures of costs to make certain repairs is a good idea because it will allow you to either change your mind on purchasing the home, or it can give you some negotiating room for the seller to lower the price of the home further.
Ask About Fire, Water, and Health Hazards
Cosmetic issues of home are easy to fix, but fire, water, and health hazards pose a bigger issue for the family moving in. Such repairs include a gas leak, water leaks in the attic or basement, mold, and bad electrical wiring. Any of these are serious issues, and the buyer should reconsider purchasing the home, especially for the listing price.
The Roof’s Condition
Replacing a roof costs thousands of dollars. When purchasing a home, it is a good idea to know the condition of the roof. If it needs to be replaced soon, then the buyer can negotiate that in when they provide a counteroffer to the seller.
Normal Wear and Tear
Home inspections come back with a long list of repairs needed. For first time homeowners, this can be overwhelming. However, ask your inspector what they think of the list and if the areas found are the result of normal wear and tear on a home.
Warranties
Homes usually have warranties, and knowing which ones will get transferred to you is important. For example, water heaters, HVAC systems, and electrical work are all costly areas, and a warranty on them would be great.
Trees
Trees on the property are frequently overlooked as a potential hazard. Ask the inspector if trees near the home pose a threat. Sometimes it is worth paying a little bit extra to learn more about the trees on the property.
A home inspection is an insurance for the buyer to make sure the home they are purchasing is a good deal. Home inspections sometimes discover serious issues that stop the buyer from going through with the sales process. Other times, the inspection comes back with minor issues, and the buyer secures the loan and purchases the home.
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Toodles,
Thank you for this. This is definitely helpful for when I will be buying my own house.