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Fri, Oct 8th - 12:05AM

Getting A Property - Conducting a Self-Inspection

You want to avoid any big unwanted surprises if you are taking into consideration a brand new home purchase, therefore getting a specialized inspector for real estate may lessen much of the stress concerning your potential real estate early in the home buying process.

However, you aren't required to carry out an official house inspection until after committing yourself to the preliminary sales agreement, so it is best to understand as much as possible about the condition of the property by having an honest talk with the vendor and perhaps doing your own basic inspection by which you could examine if there are any fundamental architectural defects.

Many sellers would be amenable to letting you inspect the property before you sign the preliminary contract, which then gives you some sort of leveraging influence while you are bargaining the value. The book 'Smart Consumer's Guide to Home Buying' by Barron encourages all potential buyers of real estate properties to make an inspection list and note any problems as well as other concerns before they get further into the sales process. "If you are thinking about buying a house that will need renovation or upgrading, the more value will be derived from your mini-inspection," explains the book’s authors.

Create an inspection guideline for a property inspection survey so that you can perform a walk-through of the property and note down the overall condition of the said property. Below are a handful of the critical areas that you should make sure you cover:

Know about how old the property already is - you'll want to know exactly how long it has been since the house was constructed, what types of renovations or new construction took place on the home site, and ask for any architect or engineering plans on hand.

Check out the basic foundation for possible issues - be on the lookout for big breaks as well as apparent water piping conditions around the property as well as in the attic. Ask about flooding issues or issues that are weather-related which have taken their toll on the home beforehand.

Examine the interior for potential problems and other damages - you'll need to ensure that the doors open and close easily and also that all the rooms' walls and partitions are flat and free of cracks. Make a note of anything that may have to be repaired immediately and take a picture or two of any issues that particularly needs repair. You'll want to examine potential problems of odor and molds as well as make sure all water pipes are well-maintained and also functioning properly.

Examine the exterior for damages and potential problems - do all the doors and windows have sufficient insulation? Are they well-maintained and properly functioning? Be sure that all of the siding, windows and doors are free of breaks nor any visible wear and tear.

Check heaters and air conditioning appliances - ask with regards to the average heating and cooling charges over a year, and also find out how long the devices have been around. You have to know these things as at times, you may have to get a new heaters and air conditioning appliances.

In addition to the written inspection survey, you may consider taking pictures or maybe short video clips using a digital camera so that you can look at the actual inspection in more detail at a later date. The extra coverage may be able to provide you with a better position throughout the negotiation process with the seller.

Author: Alexandria P. Anderson specializes helping people to find and purchase Minneapolis Condos, as well as Minneapolis Lofts for her Minnesota real estate clients.


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