As a first time home buyer in San Jose, CA; it's very common during the initial consultation that we discuss protections when it comes to buying the first home. It's easy to fall in love with a home that Saturday afternoon during an open house, while strolling through the neighborhood you want to live in. However, it's essential that the first time home buyer understands some key concepts so that you can have the peace of mind, because a home purchase is likely the largest investment you'll ever make.
1. Home inspection: the standard home inspection is an objective visual examination of a home's physical structure and systems from top to bottom including the heating and air conditioning systems, plumbing and electrical systems, roof, walls, ceilings, floors, windows, doors, foundation, basement and attic, and other visible structures. A home can't fail a home inspection; the inspector simple evaluates the home's physical condition and reports on what may need to be repaired or replaced. No home is perfect. Try to refrain from being persnickety and forget the small stuff. If any major issues arise such as foundation problems, then it's possible to negotiate a remedy. If buyers and sellers can't reach an agreement, then it may be time to back out of the contract (see contingency blog).
2. Pest inspection: this inspection checks for termite or dry-rot damages. Generally, the report will describe what is known as section one items, meaning that these issues may impact health and safety and may need to be addressed soon. Section two items are for future maintenance. It's important to remember that a resale home in San Jose and generally in the Bay Area, with most homes going beyond 30 years of age, it's likely that a home will some some degree of pest problems. Additionally, California has been ranked as one of the more termite-active states, according to termite.com. Just like the home inspection, if a major issue arises, then it is then common to negotiate a remedy.
3. Roof inspection: generally, this report will describe any issues about the roof. Usually, the inspector will also indicate the remaining number of years of useful life of the roof. This will help you plan financially for any major upgrades down the road.
As a first time buyer, it's a good idea to accompany the inspectors; tagging along will give you an opportunity to ask questions, learn about the systems, and most importantly to become educated about on-going maintenance. One of the responsibility of becoming an home owner is understanding and taking care of the home.
Inspections are generally a home buyer's costs. The best way to think of inspection cost as a security blanket that will give you the peace of mind. This is the best way to ensure that the home you fell in love is the home you will enjoy for many years.
If you need more information or need a referral, please contact me for an obligation-free call.
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