When looking for your future home, you'll most likely wonder if anything is wrong with the house. This is what home inspectors do too, they worry about your next home for you.
Approximately 55 percent of home inspections nationally wrote doors that needed adjusting, 54 percent lacked exterior caulking and sealant, which could leave the home vulnerable to water damage, and about 48 percent of homes' Ground Fault Circuit Interrupter (GFCI) lacked protection to reduce the risk of electrocution in places like the kitchen or bathroom.
Unfortunately, some fixes for a new home or any home can be quiet expensive. For example, once a roof is reaching the end of its life, that'll need repair as soon as possible. Occurring in almost 10 percent of house inspections, a new roof will cost about 10,000 dollars. Some other significant repairs could be the A/C (5,800 dollars), Heating unit (3,800 dollars), water heater (1,300 dollars), and window seals (1,050). These fixes, however, are usually long term and won't need another look at until future failures.
On a less expensive note, not everything for a new home will cost an arm and leg. However, these things that will need fixing appear on an average of 34 to 55 percent of home inspector reviews.
- Doors need adjusting/servicing: $260
- Faucets and heads need servicing: $280
- Exterior caulking/sealant missing: $310
- Outlets or switches with deficiencies: $250
- No GFCI protection: $440
- The absence of or defective smoke alarms: $380
- Cosmetic sheetrock cracks or nail pops:$550
- Fixtures and bulb deficiencies: $210
- Caulking, grout, and sealer are missing interior: $360
- Service panel deficiencies: $300
What should you do with the inspection report information?
Repair Pricer says a buyer's first impulse is often to ask sellers to perform renovations, but "this tactic can frequently backfire. Even if the seller agrees … they're under no obligation to implement quality repairs and frequently execute the cheapest option or fix, potentially leaving the buyer with substandard work, no transferable warranty and no recourse."
The soundest tactic, according to Home Repair, would be to ask the seller for a repair credit if appropriate under the contract and hire a contractor after closing to complete the renovations to the buyer's criteria.
All of this goes a long way toward the final closing day. This can be very stressful for first time buyers, or even frequent buyers. However, here at SETCO, we offer trained, professional staff to help during this process. We'll help you crunch numbers, find the information you need, and do what we can to get you into your future home.
Don't stress, let the professionals at SETCO do that for you.