What to Expect from Your First Home Inspection
Buying your first home can be nerve-wracking and super exciting at the same time. It is a time for serious financial decisions. You can expect a home inspection to help calm some of your anxiety.
A home inspection will assure you that you aren’t buying a house that will cost thousands of dollars in repairs. A home inspection can also be your excuse to opt out of the contract if the home isn’t in good condition. This option should be included in the contract.
Buying a home is one of the most important purchasing decisions of your life. A home inspection will help you decide if the home is a good investment.
- Is the foundation strong?
- Does the roof leak?
- Is the rear deck up to code?
- Is the wiring in good condition?
These are just a few of the questions a home inspector will be able to answer for you.
Get Home Inspection Recommendations
The real estate agent or lending officer usually can recommend a good home inspector. Check around before you hire an inspector. Ask friends and family members to recommend a good home inspector. Make sure you hire a professional home inspector that is licensed and certified. Ask questions to find out what is covered in the home inspection and how much it will cost.
Stay Within Your Timeframe
After putting a contract on a house, the home inspection is usually scheduled within the next week. Most contracts are contingent on the home inspection. Make sure you receive the home inspector’s written report in a timely manner. You don’t want to miss any deadlines stated in the contract.
The home inspection is another opportunity for you to enter the home. Coordinate a time with the home inspector that allows you to be available for the inspection. The home inspector will answer any questions or concerns you might have about the property. Some repairs can be major and costly. Know how much budget you have for needed home repairs. Some repairs may be within your budget or in your Do-It-Yourself range of abilities. Other repairs can be negotiated with the seller. If there are major issues, you might decide to back out of the deal.