A home’s exterior look can be deceiving. You might think you have finally arrived at a good deal after you saw that perfect fireplace in the living room or those magnificent double doors out front. But haste not. A home’s first look does not tell you everything you need to know about the property in question.
How to avoid being falsely charmed into a terrible deal? Get an inspection professional.
A professional home inspector is often a third party professional who aims to help home buyers make an adequate and informed decision about whether or not to pursue buying a home based on the property’s existing condition.Get today’s rates.
A professional home inspector examines the overall condition of the home revealing the parts that needed improvement or repair.
Inspecting a home properly can save a home buyer thousands of dollars in potential repair jobs by identifying the problem before a sale can push through.
Home inspection professionals have shared some tips on how they spot common home problems that are not usually distinguishable to an average home shopper.
The next time you do an ocular, here are some things to look for.
Spot exterior issues
Note the location of the home. Ask the owner or the realtor in charge if the home is sitting in a zone prone to flooding or earthquakes. If it is, ask further if adequate safety measures have been set up.
Take note if the gutters and downspouts are in good condition or are oriented in the right direction. Are there noticeably missing roof tiles? A few missing shingles may not be a problem but if the roofline is saggy or there cracks in the foundation, there might be some bigger structural problems in the home.
The water and electricity question
Having water or electricity issues can give you a boatload of trouble if not detected early. Broken pipes or water lines can cause serious mold problems, damage your flooring or wood foundations, and cost thousands of dollars to repair. Faulty wirings can cause fires. If you’re inspecting a home on your first visit, it is of vital importance to ask the seller about any recurring water or electricity issues and what steps they took to mitigate the same problems from happening again in the future.Find a lender today.
Spot signs of possible insect or termite infestation
Termites can easily compromise the structural stability of a property. If left undetected and you bypass home inspection, it could cost thousands to repair, given that you will not only be killing the insects but also replacing structures damaged by the infestation.
Fortunately, there are visible signs that can give away a potential termite invasion.
- Look out for these five common signs:
- swarmers or discarded wings
- mud tubes
- wood damage, wood that sounds hollow when tapped, blistering pieces of wood
- uneven or bubbling paint, often a sign of moisture build-up
- small piles of wood-looking pellets inside or outside the home
Watch out for asbestos, mold, or lead
Asbestos won’t cause a problem if they’re undisturbed or found outside the house. But when found inside the property, asbestos exposure can cause serious health respiratory problems. Mold can spread rot and cause structural damages. Lead can also cause health problems. All these issues require professional work to be done – and serious money to fix. Always ask the realtor for the possible presence of these in the home you are inspecting.
The “As-Is-Clause can be a red flag“
Buying a property “as-is” means that the buyer is buying an item in whatever condition it presently exists and the buyer is accepting whatever faults are in the property whether or not it is immediately apparent.
If the seller includes this in the contract, then it might tell you of possible defects in the property. In today’s tight inventory market, many buyers would bypass this clause but if you don’t want to be surprised by the cost of repairs, then you might want to reconsider buying.Click to See the Latest Mortgage Rates»