Once the terms of your home purchase are agreed upon, you will need to get a home inspection. This will expose any hidden issues to ensure that you know exactly what you are getting yourself into before you close. A professional home inspector will see beyond the cosmetics, examining the structure, roof, exterior, and major systems (heating, plumbing, electrical, ventilation, etc.).
- When selecting your inspector, look for a licensed, bonded, and insured home inspector. Also, do your homework and ask for references.
- We strongly urge you to attend the home inspection. Instead of getting the report secondhand, this enables you to view specific conditions in person, consult with the inspector, ask questions, and get advice.
- A typical inspection will cost about $250 to $350 and will take a few hours.
- Pay close attention to the possibility of any structural damage from water, shifting ground, or poor construction.
- If a big problem shows up in the inspection report, be prepared to bring in a specialist to asses
- Don’t forget that you will need to purchase a homeowner’s insurance policy, as it is required by the lender, to protect your home against future loss or damage.