If you are in the process of buying a new home, it will be in your best interest to have a home inspection done.
You should have a home inspection done not only for your own safety and peace of mind. But before they will give you a loan, most lenders will want you to have a home inspection. The bank is just as interested in the home as you are, which is why they want a home inspection.
To get a home inspection, you have to hire a company that will send a home inspector to check out the house you want to buy. With you there, the home inspector goes through the house and checks it thoroughly to make sure there are no major repairs that can't be seen with the naked eye that need to be done.
Basically, a home inspector walks through a house and checks the wiring, fixtures, plumbing, and foundation to make sure the house is built well. He will also look at the outside of the house and the roof to make sure there is no damage there.
In addition to the home inspection, it would be a good idea to look for wood-boring insects like termites and beetles.
Before giving a loan, the lender also needs to do an inspection for pests.
A pest inspection is done by a different company than the home inspection. This is because pest inspections are their specialty.
Home and pest inspections are not only required by the lending companies, but they would be in your best interest even if they weren't. They cost between $300 and $400, depending on how big the house is, and you can be there and ask questions during the whole thing.
Imagine if you found your dream home and loved it so much that you bought it without having a home inspection done. The day you move in with your family is the best day of your lives. Then, three days after moving in, it rains for the first time in your new home. The next thing you know, rain is coming through the ceilings of the upstairs rooms.
When something like this happens, you'll wish you'd had the house checked out. Trust me.
Trust me, this kind of thing does happen. So be smart and have your home checked out. It's better than having to pay between $15,000 and $20,000 for a new roof.
Also, once you've had a home inspection, you'll know for sure that the house is safe and in good shape to live in. But if something goes wrong after you move in that was covered by your home inspection, you can hold the home inspection company responsible and not have to pay for the damage yourself.
To sum up, both you and the lending company care a lot about the home inspection. You and your partner are both interested in the property, so get a home inspection. It will help you both sleep better.
