August 06, 2019 at 10:02am | Mike Ewen

There are five things to know about home inspections if you’re thinking about purchasing a home or possibly selling a home. Potential buyers will want to get the home inspected to find out what the hidden problems that need fixing are. Potential sellers may want to get their home inspected to find out if there are any major unknown problems. Getting the home inspected to identify these problems is crucial to ensure everyone has the knowledge needed to either cancel a deal or move forward requesting repairs.
Five Things to Know About Home Inspections:
Home inspections don't identify cosmetic flaws. They identify safety, operational and structural concerns.
Usually the inspector will meet with the client at the conclusion of his inspection. At this time, he will go through all of his findings. Most inspectors will take pictures and provide a narrative of the discrepancy for the formal report. They will also walk you through the home showing you exactly where the problem area is and point out the reported item. They usually will not point out cosmetic flaws unless it’s a safety or structural concern.
Choosing your home inspector
The client chooses the home inspector. Whether you are the buyer or seller requesting the inspection, you get to choose whomever you want for the inspection. Certainly your Realtor can recommend inspectors, but you have the final say on who you want to conduct it. You can also independently research for them and utilize one of your choosing. The American Society of Home Inspectors(ASHI) requires completion of the training program, passing the test and complying with the code of ethics.
Home inspectors comply with the code of ethics
Inspectors work for the hiring party and are bound by the code of ethics. So even if you negotiated for the seller to pay for the inspection, the inspector still works for you. You are the hiring party. What this means is, although the seller is paying for the inspection, they can’t influence the results of findings. The code of ethics does not allow for the inspector to alter the inspection results if their fee is contingent on untruthful findings. They are to remain an independent third-party.
Inspection results contain basic findings
No home is perfect and even the best maintained home will usually have numerous discrepancies. Hundreds of items are inspected during their evaluation of the electrical, plumbing, roof, structural, interior and exterior. Your report will contain what the discrepancy is. It generally will not contain a long narrative on the condition or appropriate action other than “repair or replace” the item. In some cases, you may need to have a licensed professional also evaluate the item in the cases like air conditioning for example before you submit any request for repairs.Inspectors aren’t liable for the status of the home
In rare circumstances, an expensive problem may arise after the sale of your home. Double check to ensure the home inspection covered the area of concern. This usually occurs in an area of the home that the inspector does not cover. It may be something going on in between the walls or under flooring for example. That's why its important to know the five things about home inspections.
The Bottom Line
Overall the home inspection is a tool for one to decide if the home is in a tolerable state. It also will identify any “big ticket” items that need servicing. The buyers can always try to negotiate repairs or a better price with the seller during their inspection period. The buyer will have a much better understanding of the cost for needed repairs after a home inspection. With being reasonably priced, home inspections should never be overlooked. The times when potential clients waive an inspection are usually when the most problems existed. A home inspection can definitely save you money in the big picture. A repair is generally cheaper than replacement. A five things to know about home inspections is the best way to evaluate the condition of the home and help people make the best decision possible on the biggest purchase of their life.
If you would like more information on things to know about home inspections, the home buying process, or selling your home, contact the Ewenrealestate team today.
Upsize Your Home and When its Time
We get asked all the time, when is it a good time to upsize your home or move up? Upsizing is usually a natural progression for all homebuyers at some point. Initially when you are purchasing a home for the first time you do not need a lot of space. First time homebuyers are generally looking for a three bedroom with two bathrooms home in a certain area at the lowest price possible. They usually are just starting their family out so 1,800 to 2,000 square feet is a lot of room for them.

When its Time

Over the course of the next five to ten years and having more furniture and a few children most find that the home seems to have shrunk. By the time the children are teenagers the need for a bonus room, teen room, or separate living space becomes a little more prevalent. The number one reason given that its time to upsize your home is lack of space. Larger kitchens, living rooms and bedrooms all become important factors in deciding if its time to upsize your home.

Upsize Your Home as an Investment

Looking at real estate as an investment is another reason why people move up. Lets say you were in the home for five to ten years. That generally means that you have a significant amount of equity. Many move up buyers sell their home and put all of the equity in as a down payment on the next home which drastically increases your buying power. By putting twenty percent of the purchase price down you will not have to pay mortgage insurance will save you a significant amount of money.

The Neighborhood has Changed

Many times move up buyers are just not happy in their neighborhood anymore. They loved it at first especially if it was a new home community. Everyone bought around the same time and the kids were all growing up together. As life happens people’s circumstances change and some move up, transfer, get relocated, or simply just move on. This leaves many feeling like they were left behind. Residential and commercial development in the immediate area are also factors. So that once quite neighborhood now has a lot going on around it and they do not like it as much as they once did.

Remodeling and Improvements

Over time investing in maintaining the property and possibly remolding and painting is never far away. Once you go down this road one thing always leads to another. Some homeowners just do not want to deal with the expenses of doing this, if they are thinking about moving anyway. Most decide to make some small improvements, clean it up real nice, and then sell it. This way they can use what they would of spent on the new home.

The Ewen Real Estate Team is Here to Help!

The Ewen Real Estate team helps client’s when its time to upsize your home and move up daily. It’s a complicated process, especially if you have to sell your home before you buy the next one. We are standing by to assist you with all of the information you need. Our consultations are always free and we are looking forward to assisting you make an informed decision for your family. For your consultation simply Contact Us.
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