The Importance of an Inspection Before You Purchase Your Indiana Home

Your home is a major investment and can be a valuable asset. Purchasing a home can be exciting, however, there could be things that need attention. If so, it may be required to be repaired in order to ensure that the house purchased is habitable and safe for its occupants. We want to stress the importance of an inspection before you purchase your Indiana home.

Reasons for inspection

A home inspection should be performed prior to the purchase of the house for the benefit of the purchaser. If the home is not fit for living due to its safety issues, it is best to consider another house; unless a strong preference for that house still exists. This may require much renovation or even a rebuilding of the house.

If  the home of your choice does require some repair; a 203K streamline mortgage may be for you. Click below for more information on this type of mortgage.

What is a 203K mortgage?

A home inspection would give an indication of the extent of renovation required to the home the potential homeowner is considering before an actual purchase deal is concluded. This would allow the purchaser to consider if the deal would be a good investment or unwise. Not only will you find out what is wrong with house, you will also find out what is right. The relatively small home inspection fee is worth the time and effort as it can potentially save you thousands and thousands of dollars in the future. Your home should be a good investment from which you can benefit for years and years to come.

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Process of inspection

Not everyone is familiar with the home inspection process. It differs from a real estate appraisal. Only qualified, experienced, licensed and insured inspectors should handle this task. There are state licensed home inspectors who can inspect the house on your behalf and inform you on the condition of the house before any purchase is completed. They are qualified and knowledgeable about the exact requirements of home inspection according to the state laws on home inspections.

The home inspection process would take only a few hours depending on the size of the house and its condition. The home inspector would have a meticulous eye and alert mind to view and evaluate the condition of the house. They will point out the good and bad aspects of the house for the purchaser or owner to appreciate the condition and value of the home.

Click here for tips on how to choose a home inspector

with contributions from L. Burstein

DISCLAIMER: Neither Indiana VA Mortgages (IndianaVAmortgages.com) nor LeaderOne Financial Corporation is affiliated with any government agencies, including the VA.