Top 3 Inspection Surprises No One Wants to Encounter
Buying or selling a home can be a truly exciting experience, but it can also be a very stressful one. Having a home inspection is a necessary part of the process for all parties involved.
As a seller, you want the home inspection to show that the residence you’re selling is worth every penny of your asking price, and to prove that you really have kept your home up while it was in your care. As a buyer, you need to have any possible home purchase inspected to verify that the seller is on the level and that you won’t end up stuck in a money pit that ends up costing way more than the asking price.
Home inspection snafus can completely derail the purchase or sale of a home, and some deal-breakers are worse than others. So what are the top 3 worst things a home inspector can uncover? Keep reading to find out.
Clearly, structural issues can cause major problems down the road. Without structural integrity, the whole house might just suddenly collapse – it doesn’t get much more dangerous or costly than that.
Let’s say the inspector finds that the home has trusses that were improperly repaired. To fix them, you’d have to hire an engineer, and their time doesn’t come cheaply. An inspection could also uncover foundation issues, often indicated by cracks in exterior walls, doors that don’t close properly, or floors that slope from one end of the home to the other. Depending on the severity of the issues, the fix might even entail lifting the entire house. If you’re thinking that sounds expensive, well, you’d be correct.
If you’re buying or selling an older home, especially one built before 1960, your electrical system could be just as old as the home, and there’s nothing charming about outdated wiring. Just because it has lasted this long doesn’t mean it will last forever; the older it gets, the more it degrades. Old “knob and tube”-style wiring can pose a serious fire hazard, and replacing it may require you to knock down interior walls for access.
Is there water on the basement floor? Do you see stains on the ceilings? Chances are good that any home showing these warning signs has more water damage than meets the eye.
A leaky roof can compromise the home’s entire structure. An improperly installed skylight can open the door to mold, mildew, and rot. A leaky plumbing system can cause all sorts of health issues.
The bottom line is this: if you see signs of water damage, you’ll want to think twice before purchasing that home, and at the very least, you’ll definitely want to investigate further.
There’s No Such Thing as a Perfect Home
Whether it’s an old Victorian home or a newly constructed condo, any home can have issues that make the property less than perfect. In fact, most have at least one or two quirks, so unless the previous owner was extremely fastidious, you can expect a home inspection to reveal a few undesirable traits on just about any property.
But if the home inspection turns up a slew of hidden problems, your best bet may be to walk away, or you could end up regretting your decision to buy.
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