Janet Laughead's Blog
When buying a house, especially your first home, it's all too easy to make impulsive decisions and fail to "see the forest for the trees."
Although it's impossible to ignore your emotional reactions to a house for sale, it's vital to look at the big picture and make sure there are no red flags being ignored or glossed over.
For example, if the foundation of the house looks unstable or the surrounding neighborhood is showing signs of deterioration, it's ultimately not going to matter how much you love the layout of the kitchen or the convenience of a first floor laundry room. Major problems can overshadow the desirable features of a home and have long-term implications on your finances (and sanity).
Even though the future marketability of a house may be the last thing on your mind when you're searching for your next home, it's a factor worth giving some serious thought to. When that aspect of home ownership is overlooked, it could result in headaches and possible financial loss down the road. While real estate generally has a tendency to appreciate in value over time, there are exceptions.
The good news is that many potential problems can be prevented by combining common sense with the advice of qualified professionals, such as an experienced, certified property inspector. If you're wondering what's covered in a typical home inspection, the American Society of Home Inspectors offers this overview: "The standard home inspector’s report will cover the condition of the home’s heating system; central air conditioning system (temperature permitting); interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components."
So while inspectors can't look behind every wall or accurately predict the remaining lifespan of an existing HVAC system, they can provide you with a lot of valuable tips, recommendations, and insights into the condition of a house for sale. Working with a top-notch real estate (buyer's) agent will also help you avoid many of the potential pitfalls of buying a home.
While nobody wants to move into a "money pit," the likelihood of finding a home that's absolutely perfect and doesn't need any repairs, updates, or improvements is extremely low. Home buyers who are too focused on perfection may eventually realize that their standards are unattainable. A successful search for a new home hinges on the ability to distinguish between a minor cosmetic problem, such as an unappealing paint color, and a major problem, like a basement that floods regularly or a roof that's been compromised by storms, falling branches, or long-term neglect.
Although home buyers have differing expectations when it comes to repairs, remodeling, decorating, and renovations, one thing's for sure: Everyone wants to add their own personal touches to a new home and make it feel and look like their own!
It is always a beautiful and joyous feeling when you make an offer for a home, and the seller accepts it. However, you shouldn’t be in haste to pay the seller yet. Don’t be tempted to cut corners either by neglecting professional home inspection services all in a bid to reduce cost. Skipping home inspection should never be made because it will save you lots of headaches later on.
1. More Bargaining Power
A professional home inspection should reveal faults, or perhaps potential issues with the house. Knowledge gives you more bargaining power to ask for repairs or better yet, a reduction in the house price as compensation. But without such a professional inspection, you negotiate blindly, and when the deal is sealed, you find yourself paying additional money on things you know nothing of in the future.
2. For Safety
Here is another valid reason why you shouldn’t skip a home inspection no matter the reason. Getting an inspection on your home provides you with peace of mind. The home inspector will check the house for carbon monoxide, mold, and radon. If any of these toxic or harmful substances are present, that is enough reason to pull out of the deal.
Most insurance companies require certificates like wind mitigation and four-point inspection before you can finally be insured. If home insurance is one of the things you plan to do, make sure a professional home inspection is done in other to get those necessary certificates.
4. Protecting the House
The core functions of a professional home inspector aren't only to discover faults, as many assume. They can also offer tips on how to keep the house safe. Having a report definitely will save you a lot of money in return.
5. Future Cost Forecast
Another excellent reason to not skip home inspection is the insights to the future. A good home inspector can determine how long the plumbing will last, and also, the duration of the heaters or coolers before they stop functioning. With this insight, you can plan and negotiate properly with your seller.
6. Illegal Additions or Installation
In every region, there are building codes and regulations to which homeowners must abide. Otherwise, it will have a drastically negative impact on insurance, taxes, usability and overall value of the house. Through home inspections, rooms, garages or basements completed illegally will be exposed.
The advantages of not skipping home inspection are tremendous. To save yourself from future headaches, spend on a professional home inspection today. There are lots of licensed home inspectors in your locality, hire one before closing that new house deal.
A home inspection often plays a key role in the homebuying journey. If an inspection shows that there are no underlying problems with a house, you should have no trouble moving forward with a home purchase. On the other hand, if an inspection reveals a variety of structural problems with a house, you may need to reconsider your purchase decision.
Ultimately, a homebuyer who knows what to expect during a home inspection can plan accordingly. This buyer also may be better equipped than others to accept the results of an inspection and make an informed choice about whether to move forward with a home purchase.
What does it take to achieve the best-possible results during a home inspection? To find out, let's take a look at three tips to ensure you can prep for a house inspection.
1. Hire an Expert Home Inspector
There is no shortage of home inspectors available in cities and towns nationwide. However, employing an expert home inspector will require you to conduct an in-depth search.
When it comes to finding an expert home inspector, it pays to search far and wide. Because if you have an expert home inspector at your side, you can boost the likelihood of identifying major and minor house issues during an inspection.
2. Assess Every Area of a House
Oftentimes, a home inspection takes several hours to complete, and for good reason. In order to fully evaluate a residence, you'll want to be diligent. That way, you can minimize the risk of missing potential problems as you perform a home assessment.
As you walk through your house with an inspector, don't hesitate to ask questions too. In fact, a home inspector may be able to provide insights into home problems and repairs that you might struggle to obtain elsewhere.
3. Collaborate with a Real Estate Agent
A real estate agent can help you find your dream house, as well as put you in touch with the top home inspectors in your area. Plus, this housing market professional likely will walk through a house with you during an inspection to ensure you can get the support you need to make an informed homebuying decision.
Furthermore, a real estate agent is happy to consult with you before and after a home inspection. Prior to an inspection, a real estate agent will help you put together a plan to assess a house. Meanwhile, after an inspection, a real estate agent can discuss the inspection results with you and help you determine the best course of action.
Let's not forget about the assistance that a real estate agent can provide throughout the homebuying journey, either. This housing market professional can help you streamline your search for your dream house, submit a competitive offer on a residence and ensure you can purchase a terrific house at a budget-friendly price.
A home inspection may seem daunting at first. Luckily, if you plan ahead for a home inspection, you can use the assessment to gain the insights that you need to determine whether a house is right for you.
Setting up and completing a home inspection may seem like a long, arduous process. However, an inspection is a must-have for any homebuyer, at any time.
With a comprehensive home inspection, you can identify any potential problems with a house. And if you don't like what you find in an inspection report, you can always ask a home seller to complete improvements or reduce his or her asking price. Or, if you prefer, you can walk away from a home sale altogether.
Ultimately, there are several steps that you'll want to follow to conduct a home inspection, and these are:
1. Find an Expert Home Inspector
When it comes to a home purchase, there is no need to leave anything to chance. Fortunately, if you hire an expert home inspector, you can avoid the risk of missing possible issues during a home inspection.
Not all home inspectors are created equal, so you'll want to evaluate all of the options at your disposal.
To kick off your search for a home inspector, browse the web. This will enable you to find dozens of home inspectors in your area and assess online client reviews.
Also, don't hesitate to ask a home inspector for client referrals. If you obtain client referrals, you can better understand whether a home inspector can match or exceed your expectations.
2. Attend Your Home Inspection
Although homebuyers are not required to attend a home inspection, it generally is a good idea to walk with a home inspector as he or she examines your residence. By doing so, you may be able to gain home insights that might not be included in a home inspection report.
A home inspector may notice home problems that range from minor to severe. The inspector's job is to identify a problem and include it in a home inspection report.
If you attend a home inspection, an inspector may be able to provide you information about potential home problems, along with an estimate about how much assorted home repairs may cost. That way, you are better equipped than ever before to determine whether potential home problems could deter you from buying a house.
3. Evaluate the Home Inspection Report
A home inspection report can play a key role in the homebuying process. If you evaluate this report closely, you can learn about a home's strengths and weaknesses and decide whether to proceed with a home purchase.
If you have questions regarding a home inspection report, you can always follow-up with the inspector that provided the assessment. This will allow you to obtain the insights that you need to make an informed homebuying decision.
Lastly, it certainly helps to collaborate with a real estate agent before, during and after a home inspection. A real estate agent will guide you along the homebuying process and ensure that you can get the best possible results.
Follow the aforementioned steps, and you should have no trouble conducting a home inspection.