by cfbi1 | Oct 9, 2013 | Home Inspection
Home inspections are an essential ingredient of the home buying and selling process. Therefore, it is important the buyer of the home attend the inspection in person, along with the experienced home inspector hired. For those who might not know, there is a difference between the home inspection and the home’s appraisal. Let’s take time to clear this area up and get to the know what those differences are.
A Home Appraisal
It is usually the surveyor performing the appraisal on the home and based on their findings he/she will give an evaluation on the property before an offer is placed. In the appraisal, the surveyor will take into account a number of things including the current condition, the size of the home, proximity to schools, comparable property within a five-mile radius. All these will factor into the value of the property this helps the buyer greatly by allowing a credible purchase offer. An appraisal does not take in any facts on the structure’s integrity; this is where an inspection becomes necessary.
A Home Inspection
After you have made an offer and have a contract, you can look at hiring a qualified home inspection company to carry out the home inspection needed. Home Inspections are not mandatory, and people overlook them sometimes, in the home buying process. They are very beneficial, and worth having done.
All components within the home are checked, electrical wiring is checked for suitability, plumbing and foundation are checked, adequate measures are taken to evaluate that the correct insulation has been put in place, and the home is waterproof. These are only a few areas the home inspector will review.
A home inspection can help negotiate the asking price on that home, and in some cases, the contract agrees to allow the buyer to walk away from the home, if the costs of repairs and replacements are exceedingly high.
Having a home inspection is the difference to you enjoying the home of your dreams or waking up in the home of repair nightmares every single day.
by cfbi1 | Oct 2, 2013 | Home Inspection
We can make some very big decisions in life in regards to what we are looking to invest in, and buying a home is the biggest single investment one can make. The years of working hard, long hours, taking all the overtime, doing without life’s luxuries is a discipline needed to save up that hard-earned cash. Once you have enough built up in your savings, it is time to make down payment on a new house.
The whole process of home buying can be overwhelming, especially if you are a first time buyer. There are some good tips to keep you on the right path to making the best decision and the right decision on which home you should buy.
One of the most important choices you have to make is hiring a home inspection service before the purchase. Yes, absolutely hire a home inspection service. Why hire, because it will give you an accurate account of the current condition of the home supplying you with pertinent information. It will also help you decide if the bid you have placed on the property is in fact a fair offer in regards to the true valuation of the home. It will determine any faults and/or repairs confirming the correct asking price they want for that home.
It would be silly to go ahead with any home purchase without having a home inspector check it over, the house alone will cost you thousands of dollars and you don’t need to be further out of pocket due to repair and upgrade costs. The best move would be to meet with the seller and provide the Inspectors detailed completed report. The seller has the option to foot the bills and make the repairs. This in turn, could alter the original price set on the home, or the seller might negotiate price to cover the repair costs.
Make the wise choice when you are making one of the biggest decisions in your life, and employ the services of a trusted reputable home inspection company, click here for more information.
by cfbi1 | Sep 27, 2013 | Home Inspection
If you are looking to sell your home, then a home inspection is a great way to ensure that you receive the maximum value for your home and get the asking price that you are seeking. Take into consideration that many home buyers will not be willing to take on the repairs of your home in its deteriorated state unless you drop the asking price. As the seller, this should motivate you to get the repairs done before the house is put on the market.
When a home inspection is carried out, the experienced inspector will give you a detailed report of the current condition of the home, foundations, retaining walls, roofing condition, insulation and all electrical and air conditioning systems. These are just a few of the components that will be checked for safety and functionality. Having this inspection report done will allow you, as the seller, to either decide to get the builders in and go ahead with the repairs or reassess the asking price and drop it. This will allow the prospective buyers to decide if they want to have the repairs done themselves.
All in all, a home inspection service is needed to give an accurate account of what exactly is needing repair. A home inspection service will also sort out the life expectancy of other smaller issues that have been highlighted in the report. It is wise and it would be the right thing to do to get the repairs done and have the home in perfect condition. This would allow the bidding to start on your home. You do not want to be getting cut short and have to reduce the asking price down to issues that you can fix to ensure that your home gets sold without any snags.
by cfbi1 | Sep 17, 2013 | Home Inspection
It far too easy to be seduced by the look and appearance when buying your new home, it can have a great look and feel about the place, meaning you can forget about the shabby brick work or the unnatural gurgling coming from the boiler system, in the excitement of purchasing.
Recent research, which has been carried out by the RICS, has revealed some shocking truths many homebuyers don’t know about. A large number of first time homebuyers are unknowingly setting themselves up for thousands of dollars in repair bills. These bills and repairs on their new home might have been avoided, brought to light, if an experienced home inspector viewed pre-purchase.
The buyers due to a general lack of understanding regarding the actual home buying process miss these issues. Many buyers are putting themselves and family at risk because they are not or don’t understand the importance of getting independent expert advice from a qualified home inspection company.
Only a qualified and experienced surveyor can give you an accurate evaluation of the current state of the home and an accurate evaluation of how it will be 5-10 years down the line.
Make sure your new home is not a ticking time bomb
It would be fair to say that young first time buyers would be more at risk when looking to step onto the property ladder; it is a massive investment for anyone involved. It is wise to ensure that you are not putting out all your life savings on a property that could cost you even more in repairs that will leave you close to bankruptcy.
Understanding that serious defects and problems are hard to find and need an experienced trained eye to unearth them is what should push the homebuyer towards getting an evaluation of the property they are looking to purchase. You don’t want to be stuck in a home you can’t live in and a home that is unsellable.
by cfbi1 | Jul 25, 2013 | Home Inspection
Some home buyers find the perfect home after days, some after a few months, and a few after years of searching. It is not always about rushing in and signing on the dotted line. Yes, things may seem alright and look great in appearance, but buyers can get into trouble if they go on appearance alone. Trying to save money by not hiring a home inspection team can cost you thousands of dollars and make your dream home quickly become a nightmare.
Reasons Why You Should Hire a Home Inspector
You could have great experience in home improvement and repairs, but sometimes you need an expert’s opinion and evaluation of what needs to be done, and how much you are looking at cost wise for major repairs. Hiring a home inspection company can ensure the more complex hidden issues of a home, highlighting and bringing it to your attention. Electrical issues, plumbing issues the foundation need closely looked at, as well as, the roofing condition. All need correctly assessed by a certified inspector before purchase.
As mentioned above, the home may look like it is in fantastic condition from the outside, but chances that there could be major issues lurking under the surface, not visible to the untrained eye are high, and that’s a chance you can’t afford to ignore. The sensible choice that will help guard your safety is to hire a home inspection team.
Checks for Mold and potential moisture patches need looked at, along with radon testing. Getting an accurate account of what problems there are and any possible pitfalls will help prioritize funds and allow you to budget for any repairs needing sorted now or in the future.
When is the right time for a Home Inspection?
After you have made an offer on the purchase contract, it is a good move, to schedule a home inspection. Do this before the inspection period has ended. Even if you have signed the offer, the benefits from a home inspector mean issues, which could prove too costly are highlighted at time of purchase.
When selecting a home inspection company, it’s important to select the correct company. Choose one who can perform an in-depth inspection with an accurate account of what needs done. Inspections can range anywhere from $300 -$700 or more, and can take anything from 3-6 hours depending on the age or size of the home in question.
It’s important to be confident in who you hire, ask for client testimonials and ensure that you attend the property inspection along with the inspector. This will allow you to have any questions answered and give you first-hand knowledge of the true state of the house.
