Buying?
- Buying Your Home
- Choosing the Right Home
- Consideration When Selecting a Home
- How Do I Choose the Right Neighborhood?
- Ready to Purchase
- What is a sellers' disclosure?
- Why do I need a home inspection?
- Home Inspection Report
- Your attendance is important
- Systems that are inspected
- Inspection Findings
- State requirements
- Additional types of Home Inspections
- Termite Inspections
- Lead Paint Survey/Inspection
- Radon Inspection
- Asbestos Survey/Inspection
- What is homeowners' insurance?
- Moving Checklist
Systems Inspections
The inspector should look for aluminum electrical distribution wires, electrical systems that aren't able to handle modern usage, lead and galvanized steel water supply pipes, aged inefficient heating and air-conditioning systems, among other things. All of these things are important for you to know the condition of, so again, make sure they are checking everything thoroughly. The inspector should also check the septic system and/or well if the home has it. An inspection of wood destroying insects is another important part of the home inspection, and is required by your mortgage lender. For information on a termite inspection, which is not a part of your general home inspection, see further down in this section. The inspector should also look at any agents that may be harmful to your health such as asbestos containing materials. There are additional optional tests that you may want to consider, such as drinking water tests for lead and bacteria, testing for lead paint, testing radon gas in the air, etc. You may want to request these tests if you feel they could be applicable to you. Lastly, at the end of the inspection, it's important to get a full verbal report from the inspector. The actual paper report won't be ready until the following day, but you can get a full verbal report from the inspector at the conclusion of the inspection. The home inspector will be able to answer questions about the report and any problem areas. This is also an opportunity to hear an objective opinion on the home you'd I like to purchase and it is a good time to ask general, maintenance questions.
Inspection Findings
After the inspection, you as the first time home buyer should be more knowledgeable about the condition of the home, including the positive and negative aspects of it. You should be aware of any repairs that need to be made, both major and minor ones. You can consult a general contractor or talk to your home inspector to gain an idea of the costs involved in the needed repair. You should feel confident about any safety issues that may need attention, and know the proper course of corrective action and whether alternatives are available. It's important that once you receive the written report that you understand everything in the report. As mentioned earlier, if a P.E. has done your inspection, look for the seal at the end of the report. You should expect to be able to talk to the engineer/inspector about any future questions concerning the report that may come up. Beware of any inspector that may offer services to fix any of the associated repairs listed in the report, as that could be a conflict of interest.
State Requirements
Some states require a lawyer to assist in several aspects of the home buying process, including home inspections, while other states do not, as long as a qualified real estate professional is involved. Even if your state doesn't require one, you may want to hire a lawyer to help with the complex paperwork and legal contracts. A lawyer can review contracts, make you aware of special considerations, and assist you with the closing process. Your real estate agent may be able to recommend a lawyer. If not, shop around. Find out what services are provided for what fee, and whether the attorney is experienced at representing homebuyers.
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