Inspect Before Buying: What to Know
You are excited about getting into a new home. You have even found a potential place you would like to buy and got preapproved for a mortgage. However, you have put the house under contract with some additional addendums to protect you if you inspect the home and find it is not up to your standards. Smart move on your part, so now here are five areas you need to pay particular attention to before you commit to the purchase and get locked into a mortgage… what we call inspect before buying.
The roof of a house is always a place worthy of inspection. This is especially the case if you notice any water damage forming on the ceiling of any room of the residence. Leaks are not always a significant fix, but they can indicate a roofing problem is developing. If this is the only problem with the house, you can opt to get some work done on the residence like fixing shingles or installing a sturdy metal roof that will last as long as you own the place. Talk to the experts about any roofing concerns you might have with your new home and they will be happy to give you advice or an estimate for any repairs.
The attic of a house can be a very hospitable place for all kinds of unwanted problems. The last thing you want is to get into a home and realize that squirrels or raccoons have been breeding in your attic. You might even find insulation damage, ventilation issues or structural problems looming as well.
Termite damage can be a severe problem in some regions of the country. Some houses are more prone to this problem than others. In any case, you do not want to buy a house that is riddled with termite damage. The costs of fixing that kind of pervasive problem can be astronomical.
Since you have put the house under contract for a lengthy period, you will want to take advantage of inspecting the basement any time it rains, or for any of the other potential problems associated with basements. You are looking for leaking, wall cracks, and any significant mold formations. You also need to know if the basement can drain water well or if you will have to install a sump pump to mitigate further water damage from being a problem.
One area of inspection you do not want to overlook is the plumbing. Especially if the house you are buying still has old iron pipes, this can be the cause of all kinds of plumbing problems. Pipes can also be damaged by tree roots and a septic system with a lousy leach field. Many plumbing issues can turn into plumbing nightmares, so be sure to have this looked at by a professional and the line scoped before you purchase a house. The added expense of taking this step can save you thousands of dollars if a severe plumbing problem is found.
After inspecting the house, you found there was nothing all that wrong with it. A few minor issues that would be easy to fix is all that could be found. This is good news for you because you are now ready to move forward with the purchase of your new home. If there are any problems with the home, then you can either find a new home or negotiate due to the damages lowering the price of your new home.