Tom Lee ABR CRS GRI LTG SRES's Blog
289 Elm St, Medford, MA 02155
A home inspection often plays a key role in the homebuying journey. If an inspection shows that there are no underlying problems with a house, you should have no trouble moving forward with a home purchase. On the other hand, if an inspection reveals a variety of structural problems with a house, you may need to reconsider your purchase decision.
Ultimately, a homebuyer who knows what to expect during a home inspection can plan accordingly. This buyer also may be better equipped than others to accept the results of an inspection and make an informed choice about whether to move forward with a home purchase.
What does it take to achieve the best-possible results during a home inspection? To find out, let's take a look at three tips to ensure you can prep for a house inspection.
1. Hire an Expert Home Inspector
There is no shortage of home inspectors available in cities and towns nationwide. However, employing an expert home inspector will require you to conduct an in-depth search.
When it comes to finding an expert home inspector, it pays to search far and wide. Because if you have an expert home inspector at your side, you can boost the likelihood of identifying major and minor house issues during an inspection.
2. Assess Every Area of a House
Oftentimes, a home inspection takes several hours to complete, and for good reason. In order to fully evaluate a residence, you'll want to be diligent. That way, you can minimize the risk of missing potential problems as you perform a home assessment.
As you walk through your house with an inspector, don't hesitate to ask questions too. In fact, a home inspector may be able to provide insights into home problems and repairs that you might struggle to obtain elsewhere.
3. Collaborate with a Real Estate Agent
A real estate agent can help you find your dream house, as well as put you in touch with the top home inspectors in your area. Plus, this housing market professional likely will walk through a house with you during an inspection to ensure you can get the support you need to make an informed homebuying decision.
Furthermore, a real estate agent is happy to consult with you before and after a home inspection. Prior to an inspection, a real estate agent will help you put together a plan to assess a house. Meanwhile, after an inspection, a real estate agent can discuss the inspection results with you and help you determine the best course of action.
Let's not forget about the assistance that a real estate agent can provide throughout the homebuying journey, either. This housing market professional can help you streamline your search for your dream house, submit a competitive offer on a residence and ensure you can purchase a terrific house at a budget-friendly price.
A home inspection may seem daunting at first. Luckily, if you plan ahead for a home inspection, you can use the assessment to gain the insights that you need to determine whether a house is right for you.
Buying raw land with the intent to build can be exciting, but there are many things to consider before you make the purchase final. Building requirements: From soil type, building setback requirements, electrical accessibility, well drilling, sewer placement and everything in between, learn what needs to be done and planned before beginning the project ahead.
The type of soil can have a huge impact on the cost of excavation. Sandy or rich soil will make for easy excavation; however, if your ground is Rocky, or bedrock is present, it will be more challenging and likely require heavier equipment to complete the task at hand. Setback: City, county and state setback means the structure you are building will need to be set back a certain distance from the property line. It's always best to check with the county and learn the requirements before you begin your excavation.
Electrical and Other Utilities
Check with your local power company to understand the means and requirements for connecting your electricity.
The power company will send an employee to look over your project and inform you of your best options for hooking up power. Will a new pole need to be set? (If so, will this pole obstruct a view you were looking forward to having?) Will electricity be brought to your land underground? Be sure to check with your power company at the beginning of your project to secure a spot on their calendar to keep your project moving in a timely fashion.
You will need to get ahold of a drilling company to discuss the location for drilling your well. Your well will need to be a certain distance from your sewer system and land setbacks. The well company will give you an estimate of how deep your well may be due to neighboring wells; however, they won’t be able to guarantee a certain depth. Well cost is based on how deep they need to drill to get the needed gallons-per-minute that will be suitable for your particular needs.
Sewer Perk Test
The ground type will determine what sewer system will be needed for your project. The sanitation department will dig a hole on your property and, after examining the soil (perk test), they will decide what system is suitable for your project. If your structure is residential in nature your system size will usually be determined by how many bedrooms you will have as well as the soil type.
If you visit your county office and inquire about your upcoming building project, they can give you guidance as to what you’ll need to be aware of and who to get in contact with as you begin your project. You’ll need a file or folder to keep all building-related paperwork together. Staying organized will be key as you proceed. Typically, the beginning of a project will be full of many delays, so take a deep breath, and do your best to enjoy the satisfaction of each task as you see it come to completion.
289 Elm St, Medford, MA 02155
When it comes to home buying a home, there’s a ton of different information available out there. A lot of what has been presented as “fact” actually is quite false. These misconceptions could keep you away from achieving the very real dream of home ownership. Below, you’ll find some of the most common myths that you’ll find about home buying.
If Your Credit Score Isn’t Up To Par, You Can’t Buy
To get good mortgage rates, having a good credit score doesn’t hurt. You can still buy a home if you don’t have amazing credit. A low credit score means that your mortgage rates will be higher than the average. There are loans like FHA loans, that allow for you to get a loan with a credit score as low as 580. Don’t let a lower credit score discourage you from buying a home. If your credit score is low, there are plenty of things that you can do to help you fix the score in a short period of time.
You Need 20 Percent Down To Buy A Home
This is a long-standing myth about home buying. While putting down 20 percent on a home purchase saves you the extra expense of Private Mortgage Insurance (PMI), you can still be in the running to buy a home if your down payment is less than 20 percent. There are even some home loan programs that allow buyers to put as little as 0-3 percent down for the purchase of their home.
You Have To Make A Lot Of Money To Buy A Home
Your monthly income is one of many aspects of your financial life that’s considered when you’re buying a home. Home loans can be denied to those who make a large income just as easily as to those who have lower incomes. What matters is the debt-to-income ratio, which tells lenders how much debt a buyer has compared to the amount of income the buyer makes each and every month. Keep your debt down, and you’ll be in good shape to buy a home.
You Don’t Need To Be Pre-Approved To Get A House
Being pre-approved gives you an upper hand in the home buying process. Being pre-approved allows your lender and you to go through the entire process of getting a mortgage. When you find a home that you love, you’re able to breeze through the process of making an offer if you’re pre-approved. The pre-approval process is one of the most important aspects of buying a home.
If you’re prepared with knowledge, buying a home isn’t such a daunting process after all. Find a realtor you trust, understand your finances, and the rest will fall into place!