Title:
Getting a Home
Inspection
Word Count:
511
Summary:
If you are in the
process of purchasing a new home, it will definitely be in your best interest
to have a home inspection done.
Keywords:
Finance,
refinance, mortgage, home loan, credit, real estate, broker, banker, lender,
borrowing, money, rates, closing costs, home purchase
Article Body:
If you are in the
process of purchasing a new home, it will definitely be in your best interest
to have a home inspection done.
Not only will you want to have a home inspection done for your own sake, and
peace of mind. But most lenders will require that you have a home inspection
before they will proceed with the loan. The lending institution has just as
much interest in the home as you do, so that is why they require a home
inspection.
Getting a home inspection requires hiring a company to send out a home
inspector to go through the home you are going to purchase. With you present,
the home inspector goes through the home, and thoroughly inspects to make sure
nothing in is need of major repair that cannot be seen with the naked
eye.
Basically, a home inspector goes through a home and checks wiring, fixtures,
plumbing, and the foundation of the home to make sure it is structurally sound.
He will also inspect the outside of the home along with the roof to make sure
there isn’t any exterior damage.
Along with the home inspection, it would also be in your best interest to
inspect for wood boring insects, such as termites and beetles.
A pest inspection is also required by the lender before they proceed with a
loan.
A pest inspection is done separately from the home inspection and is done
through a different company that specializes in pest inspections.
Not only are home and pest inspections required by the lending institutions,
but it would be in your best interest even if they were not. They cost anywhere
from $300.00 to $400.00 depending on the size of the home, and you are aloud to
be present and ask questions through the entire inspection.
Imagine if you found your dream home and loved it so much that you purchased it
without having the home inspection done. On the day that you and your family
move in, it is the happiest day of your lives. Than, three days after you move
in, you get your first rain fall while in your new house. Than, the next thing
you know, you have rain coming through the ceilings up stairs.
After something like this, you’ll be wishing you had the home inspected. Trust
me.
Believe me, this stuff happens. So be smart, and get a home inspection. It
beats paying $15,000.00 to $20,000.00 for a new roof.
In addition, once you have a home inspection done, you will have peace of mind
that the house is sound and in good living condition. However, should anything
happen to go wrong after you move in that was covered under your home
inspection, you will have the home inspection company to hold accountable for
the damage, and not have to pay it out of your own pocket.
To summarize, the home inspection is very important to both you and the lending
institution. You both have an interest in the property, so have the home
inspection done, you will sleep a lot easier.