Home inspection is crucial especially if you are purchasing a home. This helps you verify the actual value of the house. In addition to that, it gives you an insight as to the real state of the property. You will learn about the damages on the property. This will prepare you for the repair expenses. In addition to that, you can use the result of the home inspection during the negotiation process.
Although it is best to have a professional inspector check the house, it will also help if you know how to do your personal inspection. But how do you inspect the property yourself? What are the things you need to prepare? Here are some of the hints to help you out:
1. Create a checklist of the things you should check. List the areas that you can check on your own. Start with the essential systems of the house. One is the electrical system. You do not have to touch the wires though, just look at the line from the safe distance and write your observations. Take note of any power issues you have encountered as well. You should also inspect your water, heating, cooling and security system.
Aside from the major systems, list other areas you can inspect like the roof, the ceiling, attic, walls, doors, windows, landscape, foundation and the like. There are several list and guides found online. You can easily download them.
2. Take note of the things that should be done on those areas. Make sure that you have your pad and pen with you as you inspect the different areas of your house. Take note of your evaluation. Write the things you need to do as well. For your electrical system, you might need to contact an electrician. You might need to replace the batteries of your smoke detectors or replace your fire extinguisher.
3. Take note of how you can use your findings during the negotiation process. If you are doing the inspection to purchase the property, point your findings to the seller. You can also discuss them with your agent. Your agent will help you identify the values for the repairs. He can also help determine if the property you are about to purchase is overpriced or not.
This is also essential during the drafting of the purchase contract. You can be specific with what you want to change in the house. What are the repairs you want the seller to handle? If he will not make any repairs, you should get a discount from the selling price of the property.
Do not miss the home inspection no matter how cheap the property is. This will help you decide whether to purchase the property or opt out. This is an important step especially if you want to move in the property right after closing. You have to make sure that all the major systems are working and that all areas of the house are safe. You would not want to deal with tons of repairs when you move in, would you?
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