Kathleen Fitzgerald, REALTOR®'s Blog
No matter what your age, buying a new home symbolizes the beginning of a new chapter in your life. It's an exciting event, whether you're a first-time home buyer or a retiree looking to downsize. When you stumble upon a house in your price range that has the features and characteristics you've been searching for, it can be a life-changing moment!
Unfortunately, it's at this point that many people cast their good judgment to the wind! Although it's difficult to separate your emotions from the rational part of your brain, it's crucial that you try to make a balanced decision -- one that's based on your budget, your short-term needs, and your long-term goals.
Sometimes buyers can develop "tunnel vision" when they see a house with a white picket fence, a big backyard, or a cozy-looking eat-in kitchen. In some cases, people are irresistibly drawn to a house that reminds them of where they grew up. While all those elements can enhance a home's ambiance and charm, the most satisfying home-buying choices usually come from being able to look at "the big picture."
One vital step in the house-buying process that helps eliminate a lot of the risk is having the property carefully looked over by a certified house inspector. That way, even if your judgement is a little skewed by your emotional attachment to the house's architectural style or its resemblance to the house you grew up in, you can be reasonably sure it is structurally sound and free from any major defects. Although home inspectors can't look behind walls or accurately predict how long an HVAC system will last, they can provide you with valuable insights into the condition of the house, the stability of the foundation, and other aspects of the property. When you know the strengths and weaknesses of a house you're considering buying, you can make an informed decision that will be based, in large part, on a professional, objective opinion.
Other factors worth bringing into your decision might include the commuting distance to your job or business, the amount of privacy the property affords, the overall character of the neighborhood, and the proximity of the property to grocery stores, drug stores, other retail shops, entertainment, recreation, childcare, medical services, family, friends, and other necessities. When choosing a place to call home, you may also want to take note of how quiet (or noisy) the neighborhood is, its access to highways and transportation services, and the reputation and ranking of the local school district.
Additional information about desirable places to live can be gleaned from websites like Livability, U.S. News and World Report, Niche, Money Magazine, and the National Association of Realtors. To get expert guidance that relates to your specific circumstances and wish list, consider working with an experienced real estate agent. They'll help you navigate the market, negotiate on your behalf, and find the home that best suits your needs and lifestyle.
Whether new or old, many homes can have issues that aren’t obvious from photos. Many of the most common problems in a home have to do with the plumbing system. Since water can be so damaging, it’s especially important to get these issues out in the open prior to sale.
Some sellers might be aware of their plumbing issues, others may have no clue at all. Oftentimes, if a home was previously occupied by only one or two people who didn’t entertain many guests, they may not be aware of the strain that a larger family could have on things like the septic system.
In this article, we’ll cover some of the most common plumbing issues that a home has and help you identify these issues before you buy a new home.
The small fixes
Let’s start with some problems that are common and simple to address. When touring a home or performing an inspection, test all of the home’s faucets. Dripping faucets might not seem like a big issue, but the cost of wasted water can add up on your utility bill.
Leaking pipes are another issue that is seemingly harmless, but can lead to bigger problems that could cost thousands of dollars to repair. Check ceilings, floors, and underneath cabinets for signs of water damage.
Flush the toilets in the house to see if they continue running. Toilets that continue running water is often a simple fix, like replacing the chain or flapper in the tank. However, a leaking toilet could be symptomatic of a bigger problem that could include having to replace the toilet.
Sewer line and septic systems
Ask the owner about the history of the sewer or septic system. Find out if they’ve had problems recently and when the last time they were taken care of. If there is a septic tank or field on the property, look for signs of issues such as the grass having been dug out, water pooling in the yard, or foul smells in the area.
When it comes to septic and sewer issues, always reach out to a professional. They will be able to give you an accurate assessment and estimate of costs.
Inspect the pipes
Spot-checking the pipes in the home will tell you a lot about the state of the plumbing. Pipes that are old, worn, and lacking insulation are signs that plumbing issues could be coming. Rust is a major red flag. The water lines that lead out of the house for lawn faucets should also be wrapped to avoid freezing in the winter months.
Hot water heater
Just like the septic system, you’ll want to ask about the history of the home’s hot water heater. If it’s over ten years old, you might have to replace it soon after purchase.
You should also consider the size of the hot water heater. You’ll want to be sure it can accommodate your expected water usage. If children are in your future, having a bigger hot water heater might be something you want to plan for to avoid cold showers in the morning.
A home inspection report may prove to be a difference-maker for a property buyer, and for good reason. With an inspection report in hand, a property buyer will need to decide whether to proceed with a home purchase or rescind a homebuying proposal. Therefore, a property buyer must allocate time and resources to review a home inspection report so he or she can make an informed homebuying decision.
Ultimately, there are many reasons why a homebuyer should trust the final results of a property inspection report, and these reasons include:
1. A home inspection is conducted by a property expert.
A home inspection is conducted by a property expert who will perform a deep evaluation of a house. As such, a home inspector will provide a homebuyer with a comprehensive report that details his or her findings.
For homebuyers, it often is beneficial to search for a top-rated home inspector. This inspector likely will provide an in-depth report that outlines a house's strengths and weaknesses. A homebuyer then can use this report to make an informed decision about how to proceed with a house.
2. A home inspection is used to assess all aspects of a house.
A home inspection generally takes several hours to complete. During this evaluation, a home inspector will look at a home's foundation, heating and cooling systems and other aspects of a house. By doing so, a home inspector will be able to identify any underlying issues with a residence.
It usually is beneficial to ask questions during a home inspection as well. If you strive to learn from a home inspector, you can boost the likelihood of making the best-possible decision about whether a house is right for you.
3. A home inspection offers insights that property buyers may struggle to obtain elsewhere.
Although a homebuyer may visit a house more than once before submitting an offer to purchase, a home inspection represents a learning opportunity unlike any other. A house inspection enables a homebuyer to examine a residence both inside and out with a property expert. Then, this buyer will receive an extensive inspection report that he or she can review prior to finalizing a house purchase.
If you're preparing to search for a home, you may want to hire a real estate agent. This housing market professional will be able to guide you along the homebuying journey. And once you reach the point where you need to conduct a house inspection, a real estate agent will help you find a top home inspector in your city or town.
Of course, a real estate agent will respond to your homebuying concerns and questions too. As a result, a real estate agent will help you take the guesswork out of buying a house.
Ready to find and purchase a home? Before you finalize a house purchase, perform a home inspection – you'll be glad you did. Because if you review a home inspection report, you can determine the best course of action relative to a home purchase.
If this is your first home sale, you might be wondering about what your requirements are in terms of home inspections. A vital step in the closing process, professional home inspections are typically included in real estate contracts as a contingency (the sale is dependent upon their completion).
But, are there any situations in which a seller would get a home inspection?
In today’s post, we’re going to talk about why sellers might want to get their home inspection and how it could be useful to the home sale process overall.
To diagnose problems with your home
When you’re deciding on the asking price of your home, you’ll want to take into account all of the things that could potentially drive that price down. Inspectors will look for a number of issues in your home, which can save you from any surprises when a potential buyer orders their inspection of your home.
The further along in the home sale process when you discover an expensive repair that needs to be made, the more complicated it makes your home sale.
So, if you’re in any doubt about whether your home will need repairs now or in the near future, ordering an inspection could be a safe option.
What do inspectors look for?
When inspecting your home, a licensed professional will look at several things:
Exterior components of your home, such as cracks or broken seals on exterior surfaces, garage door function and safety, and so on.
The structural integrity of your home; checking your foundation for dangerous cracks where moisture can enter and cause damage in the form of mold or breaks in the foundation.
The roof of your home will be checked for things like broken or loose shingles or nearby tree branches that could damage your home or nearby power lines in a storm.
The HVAC system will be tested to make sure it’s running properly and efficiently and also that vents are clean and clear of debris.
Interior components of your home will be checked for safety and damage from things like pests and water damage.
Will the seller still order an inspection if my home just had one?
An inspection contingency is built into almost all real estate contracts to protect the interests of the buyer and seller alike.
In most circumstances, a buyer will want to get their own inspection performed. After all, they don’t know who you went to for an inspection and whether they were licensed in your state.
The bottom line
Ultimately, if you’re planning on selling your home in the near future and aren’t sure if your home may have any underlying issues, it’s usually a good idea to get an inspection to make sure you can plan for any repairs or inform potential buyers of any issues with your home.