If you're purchasing a home, one of the most important steps you can take is having it inspected. This helps you identify any hidden damage and lets you know about the overall condition of a particular property. To get the most out of these inspections, though, you'll want to take these measures.
It sounds so simple, but you need to show up to the property while it's being inspected. A lot of people don't do this, as they think their presence isn't required because of their lack of real estate experience.
You need to avoid this type of thinking. Inspections give you the perfect window to ask important questions about the house. When damage is identified, you can ask how severe it is and understand what the costs would be to fix it. This information helps you know exactly what you're walking into, whether the home is move-in ready or a complete renovation nightmare.
Hire the Right Inspector
Unfortunately, not all inspectors are created equal. Some have a lot of experience and others are just starting out, which will greatly affect how thorough your inspection is. Ideally, you want to choose an inspector that has decades of experience in this industry. They'll know what to look for when assessing interior and exterior damage, and will also be more accurate when explaining the costs required to fix issues that are present.They can also provide you with the right property condition assessments.
You also want to hire an inspector that you can trust. Instead of going with someone that your real estate agent recommends -- who may be biased -- you should go with a third-party inspector. They'll provide objective reports that you can truly trust.
Read the Inspection Report
Once the inspection has been carried out by the inspector, your job isn't done as the buyer. You still need to read through this inspection report to make an informed decision. You can find these reports online in digital form or ask the inspector for written copies.
While going through these reports, pay attention to major areas of the home. These include the plumbing, electrical work, siding, roof, insulation, and foundation. If major flaws are identified with any of these areas, you may want to settle for a different home. Otherwise, you may spend a fortune just to get the home move-in ready.
Buying a home is one of the most important decisions you'll make in your life. As such, you need to take the proper steps leading up to, during, and after the home inspection. Only then can you make a sound decision when it comes time to invest in real estate.