Purchasing a house is one of the biggest decisions you will ever make; it’s also one of the biggest investments you’ll ever make. While you may have found what appears to be your dream home, underlying issues could exist that could turn your purchase into a nightmare.
That’s why there are home inspections. Prior to purchasing a house, it is highly recommended to have a home inspection done by a professional, licensed inspector. In fact, it’s so important that most financial institutions require one before they will grant a mortgage. During a home inspection, an inspector will thoroughly assess the property, ensuring that it is structurally sound and that all mechanical components are working properly. If issues are spotted, you can decide to bypass the property, you can ask the seller to make the necessary repairs, or you can use them as grounds for lowering your offer.
If you’re getting ready to purchase your first home and have scheduled an inspection, you might be a little bit nervous about the process. What will the inspector reveal? What types of problems could there be? Here’s a look at the most common issues that are found during home inspections.
Cesspool or Septic Tank Problems
Cesspools and septic tanks are often forgotten because they are out of sight, which means that for most homeowners, they are usually out of mind. During a home inspection, it isn’t unusual for an inspector to discover a new cesspool installation is necessary.
Cesspools and septic tanks collect wastewater that is produced in a house, which means they are vital components. If it’s in need of repair, you definitely want to have it fixed before you purchase because any issues can cause major headaches down the road.
Grading refers to the way in which water drains away from a house. The property should be graded in a way that water runoff is directed away from the house, not toward it. Unfortunately, many homes have grading issues, which causes water to drain back to the structure. This could lead to several problems, such as a damp or flooded basement or cracking and movement of the foundation. If the water works its way up the foundation, it could cause rot in framing and walls or mold growth.
If grading issues are spotted, you want to make sure that the structure of the home is fully inspected, particularly for problems that grading issues commonly cause.
Aging or Damaged Roof
A roof is an integral part of a home. It keeps all of the elements inside, including you and your family, dry and warm. If a roof is older or damaged, water damage is a serious concern. Leaks could develop in the roof, which could trickle down into the living spaces of the house. Problems with mold could arise. Beams and joists can become damaged.
Should your inspector find any concerns with the roof, make sure you factor it into your consideration in regard to purchasing the home. If you do decide to move forward, make sure you have the current homeowners pay for the repair, or reduce the cost of replacement from the amount you are offering.
Problems with electrical wiring are also common during home inspections. Faulty wiring or outdated systems could increase the risk of a house fire and put you and your family in serious danger.
There are several types of electrical issues that are found, but exposed wires are one of the most frequent problems. Wires that are exposed can become damaged, which can increase the likelihood of shorts, power outages, and fire.
Should your inspection reveal any electrical issues, you definitely want to talk to an electrician to find out how much it will cost to repair. Should the cost be more than you are willing to spend, ask the sellers to make the repair, and have a closing contingent on the completion of the repair.
From leaks to pressure problems, plumbing issues are frequently found during home inspections. Depending on the situation, repairs can be made, but in extreme cases, a complete replacement of the system might be necessary.
You don’t want to purchase a home that has plumbing woes, so make sure you have the problem addressed before you go to closing.
Insulation affects the heating and cooling of a home. If the house isn’t properly insulated, air that is heated and cooled could leak out of the home, leading to excessively high utility costs; not to mention, you and your family will be uncomfortable in your own home.
Fortunately, insulation issues are easy to correct, and they usually aren’t very costly. Nevertheless, you shouldn’t have to pay for the repair yourself; ask the current homeowners to foot the bill, or deduct the cost of the amount you are offering.
Boilers are extremely important, as they heat the water in a house. In many homes, it also heats the water that heats the entire home. In addition to being important, boilers are extremely expensive to repair and replace. Some of the issues that are commonly found with boilers include leaks, faulty pilot lights, and worn components.
Should an issue with the boiler be spotted, you definitely want to take it into consideration and figure out the best way to handle the problem.
A home inspection can reveal many secrets about a house. While the idea of having an inspection might seem overwhelming, it’s definitely in your best interest to have one done before you purchase a house.