Getting a Home Inspection
If you are in the process of purchasing a new home, it will
definitely be in your best interest to have a home inspection
done.
Not only will you want to have a home inspection done for your
own sake, and peace of mind. But most lenders will require that
you have a home inspection before they will proceed with the
loan. The lending institution has just as much interest in the
home as you do, so that is why they require a home inspection.
Getting a home inspection requires hiring a company to send out
a home inspector to go through the home you are going to
purchase. With you present, the home inspector goes through the
home, and thoroughly inspects to make sure nothing in is need of
major repair that cannot be seen with the naked eye.
Basically, a home inspector goes through a home and checks
wiring, fixtures, plumbing, and the foundation of the home to
make sure it is structurally sound. He will also inspect the
outside of the home along with the roof to make sure there isn't
any exterior damage.
Along with the home inspection, it would also be in your best
interest to inspect for wood boring insects, such as termites
and beetles.
A pest inspection is also required by the lender before they
proceed with a loan.
A pest inspection is done separately from the home inspection
and is done through a different company that specializes in pest
inspections.
Not only are home and pest inspections required by the lending
institutions, but it would be in your best interest even if they
were not. They cost anywhere from $300.00 to $400.00 depending
on the size of the home, and you are aloud to be present and ask
questions through the entire inspection.
Imagine if you found your dream home and loved it so much that
you purchased it without having the home inspection done. On the
day that you and your family move in, it is the happiest day of
your lives. Than, three days after you move in, you get your
first rain fall while in your new house. Than, the next thing
you know, you have rain coming through the ceilings up stairs.
After something like this, you'll be wishing you had the home
inspected. Trust me.
Believe me, this stuff happens. So be smart, and get a home
inspection. It beats paying $15,000.00 to $20,000.00 for a new
roof.
In addition, once you have a home inspection done, you will have
peace of mind that the house is sound and in good living
condition. However, should anything happen to go wrong after you
move in that was covered under your home inspection, you will
have the home inspection company to hold accountable for the
damage, and not have to pay it out of your own pocket.
To summarize, the home inspection is very important to both you
and the lending institution. You both have an interest in the
property, so have the home inspection done, you will sleep a lot
easier.