Buying a home is a huge decision that should not be made lightly and without a great deal of consideration. Just as you wouldn’t buy a car without ensuring it was running properly and was free of any noticeable cosmetic problems, you don’t want to buy a home that could fall to the ground after you sign on the dotted line. As we’ve touched on in past blog posts, there are many different factors that go into the home-buying process. From choosing the right Realtor to making sure you understand the terms of the contract, there are certain steps that must be taken in order to ensure you end up with the home of your dreams and under the right terms. Another important aspect of buying a home is the inspection process. The home inspection is oftentimes the last step before moving forward and placing a house under contract, which is why it is so critical. As your Little Elm real estate agent will tell you, it is important that you have every home you look at inspected.
Even if you think you’ve found the best home for you and it appears free of flaws, you never know what skeletons it may be hiding. A home inspection is the buyer’s opportunity to make sure the home they are about to purchase does not come with any expensive surprises and problems. This process usually includes a thorough check of the home’s structural and mechanical condition, from the roof all the way down to the foundation. Tests will also be performed in order to check for the presence of radon gas and wood-destroying insects. If any major flaws or issues are uncovered, the buyer can walk away from the deal or even negotiate with the seller for repairs. Since you will be having a home inspection performed on each house you look at, we thought it would be helpful to go over some of the most common red flags that will send the buyer back to the negotiation table. If you have any questions about the information below or would like to discuss the home inspection process in itself with one of our knowledgeable Little Elm real estate agents, feel free to give us a call today.
- Termites or other live-in pests. Unfortunately, termites are a common problem that many homeowners have to face. The sooner termites are detected, the better. This can also be applied to other wood-loving pests, such as beetles. It should be noted that simply getting rid of the nasty intruders is just the first step. Once you have determined that there is a problem and have brought in an exterminator, you will need to take some additional steps to ensure the pests don’t return.
- Mold is another common problem that is oftentimes discovered during the home inspection. Where there is moisture, there can be mold. This is not only a threat to human health, but to the overall structure of the home. If your inspection shows that mold is pervasive, you may need to reconsider buying the property.
- Foundation problems. Depending on the level of severity, a cracked or crumbling foundation could result in a major out-of-pocket expense for you. If the inspection shows that the foundation needs to be replaced altogether, you will need to prepare yourself for huge expense that you may not have been expecting. This is oftentimes the case with older, historic homes and is something that should be kept in mind when shopping for a house.
- Worn-out roofing. The age and roofing material will factor in to whether or not it will need to be replaced or repaired. In many cases, roofing materials used in older homes are full of asbestos, which will require costly disposal processes in order to prevent the release of and exposure to the dangers associated with its contents.
These are just a few of the most common problems that are uncovered during a home inspection. To learn more about this process or to set up an appointment with one of our Realtors, please contact The Cheney Group today.