Okay, you made one of the most important decisions in your life: you’re buying a home! You found your ideal home. It’s in your desired neighbourhood, close to everything you love, you like its design and feel, and you’re ready to finalize the deal.
But, whoa … wait a minute! Buying a home isn’t like buying a new smart phone online. If you discover something’s wrong with your new home, you can’t return it for a refund or an even exchange. You’re stuck with your buying decision. Purchasing a home is an important investment and should be treated as such. Therefore, before finalizing anything, your “ideal” home needs an inspection to protect you from throwing your hard-earned money into a money pit.
A home inspection is a professional visual examination of the home’s walls, ceiling, floor, doors, windows, electrical & plumbing systems, Damping, Moisture in the wall, and the general safety.
There are really two types of home inspections. There is a general home inspection and a specialized inspection. Most general inspections cost Rs. 15 per/sq.ft. The cost of the specialized inspection varies from type to type. If the inspector recommends a specialized inspection, take that advice because buying a home is the single most important investment you’ll make and you want extra assurance that you’re making a wise investment.
A home inspection helps to find potential expenses beyond the sales price, which puts homebuyers in a powerful position for negotiation. If there are any issues discovered during the home inspection, buyers can stipulate that the sellers either repair them before closing or help cover the costs in some other way. If the sellers do not want to front the money to complete the repairs, buyers could negotiate a drop in the overall sales price of the home!
Perhaps even more importantly, a home inspection buys you peace of mind. Your first days and months in a new home will set the tone for your life there, and you don’t want to taint that time with worries about hidden problems and potential money pits.
Damping/Moisture – Damping/Moisture problems are one of the most common issues found during home inspections. The repair cost can be huge reaching upto thousands of rupees.
Plumbing – Don’t underestimate the plumbing. Small leaks can cause damage to the adjacent wall and can destroy the interior or expensive wooden furniture in your home. Your home inspector will look for visible problems with the plumbing such as leaky faucets, water stains around sinks and the shower, and noisy pipes. Stains on walls, ceilings, and warped floors show plumbing problems.
Electrical Systems – Faulty electrical wiring or wrongly installed socket board can be too risky and can be a threat to life and property, therefore it is one of the very crucial and important elements in the house, which need to be taken care of on a regular basis. When thinking of the electrical system, even a small problem can cause bigger injuries. Electrical problems might seem small, but they can blossom into bigger catastrophes. Make sure your home inspector examines the electric meter, wires, circuit breaker, switches, and the GCFI outlets and electrical outlets.
As you can see, a small investment of a few thousand rupees for a general home inspection can save you tons of money and future headaches. A Home Inspection will unveil all the trouble spots hidden in your home and give an idea about the real time health condition of your home.