Home inspections are conducted to determine the condition of a house. Without a top to bottom check on structural, roofing, electrical, and other large components of a building, you could end up spending thousands of dollars on that new home. Smaller problems are still important, like cracked windows and worn-out flooring, but items that cost over $10,000 for repairs are imminent to know before purchasing a home. Here are 5 of the major areas that should pass with flying colors before committing to a new home purchase.
1. Foundation Problems
A sticky door or hairline crack in walls may appear to be cosmetic in nature but can be an early indication of foundation problems. Any time your foundation begins to shift in position, you are looking at major repairs. Your foundation is what holds your home in place and once it begins to move, the cost could be more than the equity in your home. While a home inspection can offer basic suggestions on foundation problems, it is best to hire a local engineer for a more sophisticated inspection report. Their advice can range from $200 to $800 and give you good advice on whether the repairs are worth your time.
2. Roofing Issues
There are many parts to the procedure for conducting a roof inspection. Asphalt roofs are designed to last between 10-15 years so knowing the age of a roof is a good start. The correct installation of sheathing on a solid wood frame is a difficult maneuver, but one that is necessary. Having the right fasteners, spacing, and the appropriate material for the pitch can make the difference between the structural integrity of the roof. Of course, how the shingles are hung and the condition of the flashing is important. When applying for Calvet Home Loans, proof that your roof will be in good shape for the next 10 years is a good bargaining tool for the value.
3. Age of Electrical System
If the home you are thinking of buying is over 40 years old, the electrical service is probably out of date. With all of the technology that has taken place over this time, you will be using as much as twice the power as when your home was built. Breakers need to be checked for amps to rooms and to see if they are overloaded. The condition of the plugs and wiring also needs to be tested.
4. Water Damage and Mold
Leaky plumbing can leave floors and foundations in need of repair. In addition, mold and mildew can form, causing a whole new problem. Depending on the degree of damage that is uncovered, it could bring down the value of the house and make a significant impact on the amount of money that you can borrow from your lender.
5. Heating and Cooling Systems
It is not difficult to tell how well-maintained a heating and cooling system has been. Age and energy efficiency are also important. Just because a unit has been hosed down and is sparkling does not mean that the inside doesn’t tell another story. Find out how well this system operates under pressure and if it is large enough for the square footage.
The seller may have updated many cosmetic features to tempt a buyer. However, an inspection will deliver the nuts and bolts of how well this home will serve you in staying protected and comfortable. A home inspection is worth every dime that is spent. Your new home should come with no negative surprises after the papers are signed. It is better to get all of the facts before committing yourself to a long mortgage.