Checklist: Home Inspection & Home Warranties

A home inspection is a full thorough examination of the physical structure and the systems of a house, from top to bottom. Literally, the roof to the foundation is inspected to make sure there are no "red flags" that the buyer should be aware of before closing on the home. Home inspections are generally done during the due diligence period. Most of the time the buyer is responsible in choosing which inspector to hire, but a lender or real estate agent may refer a trusted inspector as well.

Buying a home is a huge investment and you should never skip an inspection or appraisal, especially on a home that is a few years old. To avoid surprises and unexpected fees, you need to learn as much as you can about the newly built or aged house before you buy it. A home inspection may point out the need for major repairs or much needed maintenance to keep it in good shape. After the inspection, you will know more about the house, which will allow you to make decisions with confidence.

When choosing a home inspector consider the inspector's qualifications, including experience, training, compliance with your state’s regulations, if any, and professional affiliations as a guide. Do not allow the cost determine the inspector you use. The lowest cost does not make it the best choice because you might have an inspector that gives a "low quality" review and report. Saving money may lead to more money spent down the road!

How Can A Home Warranty Be A Life Saver?!

The point of getting a home warranty plan is to cover repairs when needed, but not all warranties cover the same things. Home warranty coverage is pretty much like insurance, it helps you save money on repairs or replacements of old appliances or home systems, such as the HVAC unit.

Considering an older home? An older house will likely be in need of a home warranty more than a newer home would. If the seller just bought new appliances and has a manufacturer’s warranty for a year or more, you wouldn't really need such coverage. Home warranties typically include, electrical, plumbing, dishwashers, refrigerators, ovens, stoves, washers/dryers, and the water heater. Items that if in need of repair could cost you hundreds maybe thousands. Make sure to read what items are excluded within the warranty as well, to see if additional coverage is in your best interest. As a buyer get your agent to negotiate on a home warranty if the seller is not already offering a credit towards one. It is in your best interest to have items such as this included in your offer to purchase.

More Questions? Need My Assistance? Call or Text 919-922-8123 or Email Jasmine@TeamAndersonRealty.com I Look Forward To Hearing From You!

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