Have you found your dream home? When you are searching for a new home, you start out with a list of must-haves and wants. If you search for some time, you may find that there are some items on the list for which you are willing to make compromises.
Finding a home that has absolutely everything you want is near impossible, but it is possible to find a dream home just for you. When this does happen, it’s easy to get caught up in the excitement of it all and get carried away emotionally about the purchase.
Buying a home is still a business transaction. While it’s fine to get excited and start making plans for your new life there or for your investment, you must remember to keep a level head through the contract phase and take care of some important details first.
A Look Beneath the Surface
On the outside, a home can look perfectly fine. Any cosmetic issues such as cracked paint are seen as an easy fix and, to an untrained eye, other signs of problems will easily go unnoticed.
While you may have factored in all the cost involved with the purchasing side of the contract, have you considered there might be extra bills coming for repairs required which you can’t see?
The truth is that some of the repair costs could get quite high. You should be aware of these before you go ahead with the purchase as the cost of these might soon mean the home you thought was right and the perfect bargain is not such a bargain after all.
Some of the issues that could be lurking beneath the surface are termites and related damage, other pest infestations, water damage from leaking pipes and damage to the structural foundation of the home.
Don’t Let New Homes Fool You
If you are purchasing a new home, it is also important to get a pre-purchase inspection. Even new homes can have defects; there was a case once in particular where the plumbing for the toilet had not been installed by the builders.
Other issues in new homes can be minor but not something you want to discover after the settlement when you’re hoping to just settle in.
Another point to note is that if you are planning to obtain a loan for your purchase then the lender will likely require a pre-purchase inspection to ensure minimal risk. The only pre-purchase inspection to have done is a professional one with Bob Gunn Termite Solutions.
To find out more about why you should contact us, the professionals, for this job, click here.