What to Look for When Closing on a Home

You’ve made it all the way to the end of your dream of being a homeowner. All that’s left to do now is schedule a few inspections, get a good appraisal and sign some paperwork. Right? Let’s not jump ahead so fast in this process. Buying a home is a major investment and as a future homeowner, you need to know that what you’re paying for your home is worth the money.

One of the most important things, and one that lenders often require, is a complete home inspection to check for signs of faulty wiring, plumbing problems, foundation issues and other problems that can be costly or cause damage to the home. Scheduling an inspection is advised even if your lender does not require one.

As a home buyer, you want to be able to move into your new home and get settled in fast. Chances are that you don’t want to have to immediately take upon the task of contacting a general contractor to begin making repairs on things that pop up unexpectedly around the house that you were in the dark about. A home inspection offers a great way to not worry about unwanted surprises and can be a way to back out of the purchase if something major is found. A little general maintenance is to be expected, but finding out you need a new roof immediately or you have a major plumbing disaster waiting to happen can be deal-breakers on the purchase.

To close on your home and be able to feel confident that the decision to make the purchase is wise, you will need to find a quality home inspector and even if you have little time until the closing date is upon you, you need to make time for the inspection and be sure to be present as the inspector walks through the home. Here are some tips for making sure your inspection goes well and the house truly is the one you want to buy.

Check credentials

Before you just pull up a list of home inspectors online, check with friends and family to see if someone you trust can recommend someone. You will want to check credentials to see how long they have been in business and whether they have worked in other housing related fields including electrical, construction or other areas that would help them know precisely what they are looking for. Ask to see sample reports to see the various things they check for when the do a home inspection. Many inspectors will have samples available right on their website as well as lists of things they do during or after a home inspection.

The Extras

Ask the inspector if they check for things including radon, termites, mold or lead paint or asbestos. Most will refer you to a different company for tests including radon or carbon monoxide testing, but some will offer it on their own.

Schedule the Inspection Early

Try to schedule your home inspection early in the day so you will have plenty of daylight hours to spend in the home checking every nook and cranny. Late appointments work as well, but you may find that the later it is, the more chance things may be rushed a little so everyone can get home in time for dinner or to meet the kids after school.

Issues on the Report

If issues that need to be repaired are listed on the report, get together with the seller or the seller’s agent and go over the list to determine which repairs the seller needs to make for the sale to progress and which, if any, you would feel comfortable letting slide or hiring a contractor on your own to repair. If the home inspection finds a cracked foundation or a major plumbing repair, you may want to decline this sale and start your home search over. If it finds repairable problems such as a few outlets that need covers or a leaky sink, these are things that a seller will usually take care of but even if they do not, they are not usually big budget expenses to worry about.

When you are trying to close on a new home, take time for the inspection so you really know what you are walking into. If you are aware ahead of time of the various things that may need to be repaired once you close, you can plan accordingly to hire a contractor and get them fixed fast. Better yet, best wishes to you that your home inspection finds nothing wrong and you can close fast and move in as soon as possible to enjoy your new home for many years to come.

If you need to hire a general contractor to take care of a few issues found on your new home inspection before closing or you are a seller who needs to make a few repairs to get the home up to par for a buyer, be sure to contact Contractors Today to find a great general contractor in your local area.