From Peace Corps Wiki
If you are in the act of buying a new home, it will definitely take your very best interest to really have a home inspection done.
Not only will you intend to have a house inspection done for your own personel sake, and reassurance. But many lenders will require that you have a property inspection before they will proceed with the mortgage. The lending institution has as much interest in the home as you do, so they require a home assessment that is.
Getting a home inspection involves choosing a company to send a home inspector to have the home you are planning to acquire. With you present, the home inspector goes through the home, and totally inspects to make sure nothing in is need of major repair that can not be observed with the naked eye.
Ostensibly, a home inspector undergoes a and checks wiring, features, plumbing, and the building blocks of the home to ensure it is structurally sound. He will also inspect the surface of the property along with the ceiling to ensure there isnt any external damage.
Along with the home examination, it'd also maintain your best interest to examine for wood dull insects, such as beetles and termites.
Before they continue with that loan a bug examination can also be required by the lending company.
A pest inspection is done separately from your home inspection and is done via a different organization that focuses on pest inspections.
Not only are house and pest assessments required by the lending institutions, however it could be in your very best interest even when these were not. They charge anywhere from $300.00 to $400.00 according to the size of the home, and you are aloud to show up and ask questions through the whole examination.
Imagine if you found your dream home and loved it so much that you bought it without having the home examination done. On the day that you and your family move around in, it's the happiest day of your lives. Than, three days after you relocate, you get your first rain during your home. Than, the next thing you know, you've rain coming through the roofs up stairs.
After something like this, youll be wishing you had the house inspected. Trust me.
Believe me, this stuff happens. Therefore be smart, and get a home assessment. It beats spending $15,000.00 to $20,000.00 for a new roof.
Furthermore, once you have a property inspection done, you'll have reassurance that the house is sound and in good living condition. Nevertheless, should anything eventually fail after you move around in which was covered under your home inspection, you'll have the home inspection company to hold accountable for the destruction, and not have to cover it from your own pocket.
To summarize, the home assessment is essential to both you and the lending institution. You both have a pursuit in the house, so have the house inspection done, you will rest easier.