|
BUYING A HOME may well be the
largest financial
investment you will ever make. Naturally, you will
want to know as much as possible about the property before you finalize its purchase at
closing.
The first thing you will notice about the
house is its architectural style. If you like the way the house looks in its
setting and it satisfies your needs as to location, size and price, you may
decide to make a purchase offer. You may want to make your offer contingent
upon the home having an acceptable inspection.
INSPECTION
At this point it is important to turn to a
knowledeable and independent home inspector for advice on the overall condition
of the home. The home inspector will examine the house and let you know if the
home is structurally sound and if the primary systems are in good working
order.
At the time of the inspection you will be
given a printed statement setting forth the conditions and limitations under
which the inspection is performed. This statement is visual and of the
accessible areas only.
You should accompany the inspector on a tour
of the house, discussing the pros and cons of the visible features. After
completing the inspection, the inspector will provide you with a written report
summarizing what he has found. The inspection report will detail the condition
of the principal items inspected and any other items, which may be of concern to
you.
A professional home inspection report is a
valuable thing. It can tell you if and where the house needs work and whether
or not you should consider asking for a price concession to cover the cost of
necessary repairs. A satisfactory report affirms the original asking
price.
Value after Purchase After you purchase your home, keep the
inspection report handy. You will want to refer to it as you follow up and
repair the conditions that the inspector indicated needed attention. The cost of
most routine repairs is low. By attending to known problems and performing
regular maintenance on you home, you can spread costs out over time and prevent
serious problems from occurring.
|