Many first time home buyers are confused when their real estate agent tells them they need to have a home inspection when they buy a new home. Here is a quick list of the types of inspections you may choose to have when buying your next home.
Primary Home Inspection
This is the most basic of inspections and yet the one many people decide they should save some money on by not have it done. This type of inspection allows you to find out what repairs if any should be done to protect your interests as well as any repairs that may be too expensive to have done so you should walk away from the deal. In order to avoid buyer’s remorse get this one done at all times.
Some buyers retain an engineer to do a detailed inspection of a property. This would be a thorough inspection of the electrical, plumbing, air conditioning, and or heating systems. Many primary inspections include this as part of their service. It is especially important where the home is older or the systems are older.
As the name implies, the purpose of the inspection is to check for termites or other wood-destroying insects in a house. Many banks require this as part of the mortgage process.
Well Water Inspections
If you do not have public water to the property you most likely will have a well. Potable water as well as the availability is key to your being able to live in the home.
Appraisal / Appraiser’s Inspection
If you are going to get a mortgage on your property, the bank will require an appraisal. The bank wants to be sure there are no problems with the property in case you stop making payments. They want to make certain they have a marketable asset if something goes wrong later.
The final walk-through normally takes place a day or two before closing or on the morning of the closing depending on when the previous owner moves out. Your real estate agent should accompany you on this inspection to look at any possible issues. It is the final inspection and your chance to make sure that any previously agreed upon issues have been resolved.
For a list of inspectors licensed by the State of New Jersey who serve the Somerset and Middlesex County areas just drop us an email with the subject line INSPECTORS to email@example.com and we will get that right out to you.