An inspector checks the safety of your potential new home. Home inspectors focus especially on the structure, construction, and mechanical systems of the house and will make you aware of only repairs, that are needed.
The inspector does not evaluate whether or not you are getting a good value for your money. Generally, an inspector checks (and gives prices for repairs on); the electrical system, plumbing and waste disposal, the water heater, insulation and Ventilation, the HVAC system, water source and quality, the potential presence of pests, the foundation, doors, windows, ceilings, walls, floors, and roof.
Home Owner Insurance
A paid homeowner’s insurance policy (or a paid receipt for one) is required at closing, so arrangements will have to be made prior to that day. Plus, involving the insurance agent early in the home buying process can save you money. Insurance agents Are a great resource for information on home safety and they can give you tips on how to keep the insurance premiums low.
Be sure to shop around several insurance companies. Newer homes and homes constructed with materials such as brick tend to lower premiums. Avoid area probe to natural disasters such as flooding.
If you live inn a flood plain, the lender will require that you have flood insurance before lending any money to you. But if you live near a flood plain, you may choose whether or not to get flood insurance.
Home warranties offer you protection for s specific period of time )e.g. one year) against potentially costly problems, like unexpected repairs on appliances or home systems, which are nor covered by homeowners insurance. Warranties are becoming more popular because they offer protection during the time immediately following the purchase of the home, a time when many people find themselves cash strapped.
6. Building a Home.