The Holden Team's Blog
The home inspection may seem like a standard thing that you need to go through in the process of buying a home. Really, you’re paying for the home inspection, and it’s a huge opportunity for you. As a home buyer, you should look at the home inspection as an educational event for homeowners. You’ll learn a lot about the history of the property that you’ll be living in. From water that may have been present in the basement to a leaky roof, you’ll get to know your new home and how everything works.
When you hire your home inspector, he or she may seem like they are talking to experts. For this reason, it’s a good idea to ask questions during the inspection so that you can clarify what the inspector is talking bout.
Is This Problem Urgent?
It’s a good idea to see how soon any problems in the house need to be fixed. If the roof needs to be replaced within 3-6 months and your finances are tight, it’s something that you’ll want to know about. While home inspectors will reserve their opinions about a property overall, professionally, they can tell you how big of an issue certain things are. You may need to hire a certified professional who specializes in a certain area like plumbing or electricity for further evaluation in many cases. For your own knowledge, it’s a good idea to know what needs to be done around the property and when.
You’re never going to remember where everything is in the house on the first pass. It’s a good idea to carry a notepad with you when you’re going through the home. Make notes of any major issues, where they are, and how to fix them. This way, even after the inspection report is sent, you’ll have something to refer back to.
Is This At The End Of Its Lifespan?
Your home inspector will take a look at all of the moving parts of the home that you’re about to purchase. This includes the appliances. Is the dishwasher on its last leg? Will you need a new refrigerator very soon? Is that creak in the floor more than just a problem with a floorboard? If you find out what to expect from both the major and minor issues in the home, you’ll have a better idea of what to expect from the property overall.
Home inspectors give you an overview of the condition of a home. Inspectors will tell you that there is no home that comes completely clean when it comes to an inspection. Even a brand new home that was just built will have some issues. While it may not be the most fun to find out that your new home needs a new roof, at least you and your realtor will know what needs to be brought to the negotiation table if you decide to go through with the purchase of the home.
A home inspection may prove to be exceedingly valuable, particularly for a homebuyer who is on the fence about whether to purchase a particular house. In fact, a house inspection may raise a number of questions that a buyer will need to consider to make an informed decision about whether to proceed with a home purchase.
Some of the key questions that a homebuyer needs to consider after a house inspection include:
1. What do the inspection results reveal about the overall condition of a house?
A home inspection represents a learning opportunity for a buyer. After the evaluation is finished, a buyer will receive a report that outlines a home inspector's findings. This report usually is available within 24 to 48 hours of an inspection and can make a world of difference to any buyer, at any time.
As a homebuyer, it is essential to review the results of a home inspection closely. That way, you can learn about any underlying issues with a home and map out the best course of action.
If you find that a home has a variety of problems, you may want to ask a seller to complete myriad house repairs before you finalize your home purchase. Or, if you are satisfied with a home after an inspection, you may want to continue with your house purchase.
Keep in mind that you can always walk away from a home sale after an inspection too. In this scenario, you can simply reenter the housing market and continue your search for your dream residence.
2. After reviewing the home inspection results, am I comfortable with a house?
Oftentimes, it helps to consider the prices of possible home repairs after you complete an inspection. If you analyze these potential costs and find they exceed your budget, you should plan accordingly.
Home repairs sometimes can be expensive and time-consuming. As such, if you are uncomfortable completing a broad assortment of home repairs on your own, you'll want to account for these repairs as you decide how to proceed with a house following an inspection.
3. Is a house a viable long-term investment?
The decision to purchase a home is a life-changing choice. Therefore, you should consider the results of a home inspection to ensure you can maximize the value of this potential long-term investment.
Remember, a home inspection gives you an opportunity to assess any structural issues with a house prior to finalizing a house purchase. If you have any concerns about a possible home purchase following an inspection, you should address these concerns before you complete your transaction.
When it comes to conducting a home inspection and reviewing the assessment results, it generally is a good idea to work with a real estate agent. This housing market professional can help you find an expert home inspector to analyze a residence both inside and out. Plus, a real estate agent will offer tips about what to do following an inspection and ensure you can achieve the best-possible results throughout the homebuying journey.
It’s easy to fall in love with a house if it has all the features you’re looking for. However, it’s important not to ignore the qualities of the neighborhood the house is in as well.
The state of the surrounding neighborhood is important for many homeowners. You’ll use the local amenities, walk on the sidewalks, drive on the roads, and eventually even set the price of your home based partially on the price of those surrounding it.
In this article, we’re going to discuss some of the reasons you should pay attention to the neighborhood when shopping for homes, and what qualities to look for to find a place that has both high quality of life and resale value.
Neighborhood Inspection 101
There are a number of things you’ll want to learn about a neighborhood before you move in. Some of them you can observe with your own eye, some you can find online via public records, and others will require talking to the locals to see what their experience has been.
Things to observe
When you go to visit a home, set aside some time beforehand to drive around the neighborhood. Check out the roads, sidewalks, and the general state of the neighborhood. Boarded up houses and closed businesses aren’t always a sign of doom and gloom, but it can give you insight into the pricing of some homes and give you some negotiating power.
If you love the house and feel okay about the neighborhood swing by during rush hour, if possible. This will give you a sense of traffic and how long it will take you to get to work from your new home.
If you’re moving into a city, it’s also a good idea to check out the after-hours scene. If a peaceful evening at home is what you seek, it will be a good idea to know ahead of time if your street comes alive at night.
Things to research
It’s a good idea to get a feel for the local culture before buying a home to see if it fits with your lifestyle. Are businesses closed on Sundays? Are there community events and clubs that you ur your family would be interested in? You can find most information online through Facebook groups, library websites, and local newspapers.
If you’re concerned with crime, you can find local data online. Similarly, records are available for local schools, such as where the town’s test scores land compared to state and national averages.
Talk to the neighbors
The most practical way to learn about a neighborhood is to ask the people who live there. They’ll be able to tell you how it has changed over the years, which will give you a sense of where the neighborhood is headed. They can tell you whether it’s a neighborhood filled with young families or aging retirees, and will likely be able to let you know if there are any problems in the neighborhood.
Aside from the local culture, you should ask your potential new neighbors about the infrastructure. Do they have frequent power issues? Is there often noisy construction, or have there been potholes that haven’t been filled for years? You can learn a lot from the people who have lived in a neighborhood for multiple years.