Buying Guide: How to Inspect a Home Before Purchasing

Prior to closing on a home loan, savvy buyers recognize the value of having their home inspected. For the most part, home inspectors carefully search the property for signs of insect problems, old wood, mold, electrical problems, and so forth. Aside from having a new home inspected for damage, homebuyers also inspect the property to make sure that it meets their expectations. Buying a new home is a major step that involves a huge investment. Understandably, buyers want to get their monies worth.

Rarely does a homebuyer fall in love with the first home toured. Buying a home is usually a lengthy process. Here are a few criterions that homebuyers should refer to when selecting the right home.

Layout. The overall layout of a home is very important. When people purchase new homes, most are hoping to acquire additional space. With this said, it helps to know the square footage of the home you are touring. If attending an open house or working with a realtor, this information will be provided. If not, do not be afraid to ask.

Concerning the layout, take into consideration the number of bedrooms and bathrooms. These are very important for large families. Moreover, is their enough closet and storage space. Each homebuyer has different preferences. For example, do you prefer a home that is open, or a home with a number of walls separating the rooms on the bottom floor. Before beginning your home search, buyers should also determine a home style. Do you favor a two-story home, or a ranch.

Outside Space. Understandably, some people do not want to be bothered with mowing the yard or maintaining a beautifully landscaped yard. In this case, these persons may prefer a condo, or a single-family residence that abides by condo laws. In both instances, the outside maintenance is provided by a lawn company. Neighborhoods of this sort require a monthly condo fee. Typical fees range from $60 to $200.

Homeowners who dream of homes with large backyards may choose a home that sits on a lot of property. This is ideal for adding bonus rooms, installing a swimming pool, and hosting outdoor gatherings.

Home Amenities. Many homes are sold with appliances. However, the new owner may have to purchase their own refrigerator, washing machine, and dryer. Before making a bid on a home, carefully inspect the appliances. If the dishwasher or stove is outdated, it may require replacing. If so, buyers should anticipate the additional cost to replace these items.

Older homes generally have older fixtures, cabinets, flooring, door, windows, etc. Many homeowners are prompt when it comes to updating the inside of their homes. However, if buying an older home, take into consideration the cost of creating a more contemporary dwelling place. If you enjoy big home improvement projects, and have money to finance the project, buying an older home and fixing it is practical.

Next, inspect the doors and windows for energy-efficient glass. If anything major needs improving on a home, buyers have negotiating power. If the seller is motivated, they may either agree to make the necessary improvements before the closing date, or lower the asking price on the property.