So you have decided to hire a home inspector to examine your potential home. Smart decision. And you have also gone through the walk-through with him, asking him all the necessary questions, and making your own notes of what should or shouldnt be replaced or repaired. Now, youre just waiting for his written report to arrive shortly. And when you get it, now what?
A home inspectors report is a long document that a summary of every observation that he made. It can be intimidating, if not overwhelming, especially if youre worried about whatever repair costs you might have to consider after the home inspector lists them down.
But you dont need to be alarmed. This is just another reason why you must be present during the inspection. You see, it is one thing to hear about various small problems while you are walking around the property with the home inspector. As your home inspector gives you all the run-down of what the problem areas are and other safety issues, the real context might probably be modified with reassurances that this is just a maintenance issue or it would be good to fix when you get around to it. You feel relieved when you hear these words, and you should be, because they are designed to make you feel exactly that way.
However, the situation can be entirely different once you read a long list of problems that would make your home less like a dream home and more like a dump. How on earth are you ever going to pay for all this?
Relax. Dont panic. After you read your home inspectors report for the first time, take a deep breath and drink if you must. Then, sit down and read it again, this time with a pen and paper at hand.
Okay, now take it one step at a time. Look at each problem item on the home inspectors report first, then ask yourself the following questions:
Is this a minor maintenance problem or a major repair?
Is this an issue related to the age of the house? Because if it is, then it might just be part of the charm of the home, especially if your house is an old one. You might include floors that slope a bit from settlement or door and windows that are slightly out of plumb on the list of your homes old charm.
Is this a problem that must be dealt with immediately? Or is it just something that should be done eventually?
Give what you know about house prices in your locality, might this problem have already been taken into consideration in pricing the house?
Does this problem merit further investigation?
Are you wiling to walk away from the house because of any or all of these problems?
If you find any minor items in your home inspectors report, suck it up and forget about it. You should know by now that no house is perfect. It is enough that you take care of the really bad ones, or walk away when the cost is just too steep.
There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at www.pauldingandpolk.com. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 404 374 1620 or email me at firstname.lastname@example.org
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