Inspection Tips When Buying a Home
The purpose of a home inspection is to evaluate the physical condition of the home you are buying. It is a visual inspection for the most part, and everything possible is looked at and inspected. If you have ever watched any home buying or remodeling shows on cable TV, you know what kinds of secrets can be found! It is imperative that a home inspection is done before signing contracts when making your new home purchase. It can reveal what items might need immediate attention and the safety issues that could be your problem in the future. Even New Construction homes frequently have home inspections and are welcomed by builders. More importantly the home inspection is an opportunity for you to learn about taking proper care of your home. A good home inspector views the inspection as a tutorial of how to care for you new home. Things that come up during the inspection also prepares a new buyer with an idea of what to expect in terms of maintenance a few years after you become the owners. Do remember, that items found on a home inspection are not all going to be repaired by the sellers. The agents involved will work toward a mutually agreeable compromise. Safety issues are the easiest to negotiate and reasonable compromise.
Some people will confuse an appraisal with a home inspection. These are two very different parts of the home buying process. An appraisal is for a lender to estimate the value of the home, and to make sure it shows adequate value for the bank to write the loan. The appraisal does not include the details necessary for you to be sure just what to expect when you move in. It’s your responsibility to inspect the home for problems before closing, as after closing the bank does not guarantee the condition of your new home. It is completely your responsibility to care and maintain for the home. The home inspector is letting you know what you are buying and what to expect once you have already become the new owners. Any home you buy will not be perfect and the home inspection is not a time to provide sellers with a laundry list of repairs.
While no home in perfect, the inspector can alert you to serious structural and safety issues. More minor issues are what normally is found, but too many things that need immediate attention can be expensive. The price of the home should reflect the condition and with all of this information, you can make a proper decision. The sellers are not obligated to repair anything. If they want to sell their home cooperation and reasonable repairs are what are usually negotiated. Safety issues being the most common.
You will be glad to have the information prior to signing contracts to allow for possible negotiations, or to make some wise decisions going forward. If something that can’t be resolved is a deal breaker, then you as a buyer can just walk away from purchasing the home and move on. It is better to know prior to the contracts just what you are getting into as Make a plan to work out minor defects.. as any home will have some issues.
You will be offered from your inspector a termite inspection. He will scout inside and out to locate damage from insects and termites and look for the tell tale tunnels that are easily missed by an amateur. When termites are found there is no need to panic! They can be remedied and the process is rather simple. It is definitely something that you would want to discuss with your agent and ultimately the current owners. Unless the problem is long standing and there is extensive wood damage it is usually safe to move forward. Please note that all FHA loans require a satisfactory termite inspection. Once remedied, a system remains in place on the home and you are good to move forward.
Finally, radon gas testing is frequently tested for. This is not a required testing, and usually costs extra during the home inspection. Be sure to discuss this with your inspector. The recommendations determined by the EPA and the Surgeon. For more information on radon testing, call the National Radon Information Line at 1-800-SOS-RADON, or 1-800-767-7236.
New construction homes all have a home warranty, but many buyers choose to have a home inspection prior to moving in anyway. It is a choice that allows an independent inspection and opinion that is outside the scope of the building code enforced by a town or city in order to get a certificate of occupancy. A new buyer can purchase a home warranty after move in day to cover some every day basics should something go wrong. Do your research as all of these companies are not created equal. They cover things like heating, cooling, appliances, plumbing issues and more. Check the details of your policy to see how they work the process.
Home Inspections Tips
published by: your real estate expert Janis Borgueta Key Properties of the Hudson Valley as a community service in “the Hudson Valley”. To receive more real estate information please subscribe to this blog. Looking to buy a new home? Search the MLS for Homes in the Hudson Valley. You can contact Janis at (845)-527-7115 or find her on Google+