There are two key factors that determine the value of a home: location and condition. There are other factors like the floor plan, upgrades, size etc. But all else being equal the key factors are – Location and Condition.
When you buy a home, you need to make sure that it is in very good condition. It is critical that you check the condition of a home thoroughly before you buy it.
A good home will give you a lot of happiness and comfort. On the other hand If you buy a bad home, it can cause you suffering and pain. You may end up spending a lot of money taking care of it.
The home may have foundation problem, a bad roof leak, or a lot of termite damage. Or may be the home is in bad condition because the owner has not taken good care of it. So it is critical that we check the condition of the home before buying.
We find out about the condition of the home through inspections and disclosures. That is why inspections and disclosures at the time of purchase are very important.
By going through the inspection reports prepared by home inspectors and the disclosures prepared by the seller, you come to know the condition of home and you know what you are buying.
It is like buying a used car. You check the Carfax report to find out the history of the car. And you also get it inspected by a trusted mechanic to make sure it is in good condition. Same thing with the house.
The disclosures prepared by the seller give you information in writing about the home. Whether there was any deaths in the home, any work done without permits, changes or damage… or other important information about the home.
Inspections tell you about the condition of the home. Condition of the roof, drainage, foundation, electric work, plumbing, heating and ventilation, air conditioning, appliances safety issues.
Even in this tight market, I encourage my clients to take inspections and disclosures very seriously. I make sure that they are buying a home that is in great condition and that will serve them well for years to come.
Make sure that you have an agent will help you to fully investigate the condition of the home you’re buying.