In this article, Hometown Lenders — based out of Lexington, Kentucky (KY)—are here to tell you about what a home inspection is and why you would need one during the process of buying or selling a home. If you are looking to purchase a home, or would like more information on mortgages, contact us today!
At
Hometown Lenders, we realize that your home
is more than just a building. Buying a house is a huge investment for you and
your family, and we understand that you want to ensure your purchase is reliable.
Owning a home comes with a variety of new responsibilities, so it is crucial
that you are aware of any issues the building may have prior to your purchase.
The
safety of you and your loved ones should always be a top priority, which is why
a home inspection is a crucial step you should not overlook. Inspections can
reveal a variety of problems within a home that may cause safety issues if left
alone. Before you buy or sell your home, it is extremely important to conduct a
home inspection.
When
buying a home, whether it is a new construction or previously owned, having a
professional perform an on-site home inspection can help you make a
well-informed decision on the purchase. By identifying any systems or elements
of the home that need repairs or replacing, you can use this information to
negotiate with the seller about who will pay for the repairs.
If
you are about to put your house on the market, a home inspection can also
identify any big problems you need to fix in advance of the sale. With this
information, you can complete these repairs, which can increase your home’s
value and ensure your house is in better condition before you go to sell it.
A
home inspection allows you to determine any preexisting problems the house has as
well as necessary repairs you will need to make in the future. Additionally, a
home inspection can affect your loan amount from your mortgage lender, since
any problems with the home can affect the property’s appraisal value negatively.
A
home inspection is a mostly
visual examination
during which a professional evaluates the
current condition of the home’s main systems and assesses their performance. A
home inspection typically lasts approximately 3-5 hours. During the process,
the inspector will examine crucial systems throughout the house, including the
insulation, exterior and interior walls, plumbing system, roof condition,
structure and foundation, heating and air conditioning, and electrical systems.
Since
a home is such a large investment, you should always begin the process with a
thorough understanding of home’s present condition. For many homeowners, a home
inspection provides them with a sense of peace and security, knowing that they
are aware of any issues the building might have beforehand. In the long run, a
home inspection can save you from many unexpected surprises that prove to be
costly headaches for you and your family.
At Hometown Lenders, we are dedicated to providing our customers with the best
rates possible, while acting as their trusted advisor throughout every part of
the loan process. Customer satisfaction is our number one priority, and we
strive to showcase exceptional service in everything we do. We have locations in
Lexington, Kentucky, the surrounding cities, and across Tennessee and proudly serve the surrounding areas as well. Contact
us today at (859) 475-1323.
