Buying A Home at Lake Wallenpaupack? Home Inspection Tips
Buying a home at Lake Wallenpaupack will likely be one of the biggest financial decisions you will ever make. Even if you find a great deal on the cost of a property, there are several other fees that will sneak in such as private mortgage insurance, closing costs, broker fees, etc. Because of this, you may be tempted to forego the home inspection, especially since it’s one more cost added to the pot. However, the most important reason to have a home inspection before you buy is to really know what you’re buying.
Inspecting the physical condition of a house is an important part of the home-buying process and should be included in your purchase contract as a condition of closing the sale. Even if the prospective home looks immaculate, you should still get an inspection as it could potentially save you thousands of dollars and aggravation in the long run.
Home inspection costs vary but a good rule of thumb is to expect to pay between $300 to $500, depending on the location, size, age, and type of home. That’s a good sum, but buyers who skip out on this expense may realize down the road that an inspection is much cheaper than rewiring an entire house.
What You See May not be What You Get
When looking at Lake Wallenpaupack homes for sale, what you see may not be exactly what you get. Most sellers are going to have their home looking its best for prospective buyers. You may see attractive pots of colorful flowers on the front porch, freshly painted walls, attractive granite countertops, gleaming hardwood floors, and other touches that catch your eye.
But what you won’t see are issues like cracks in the foundation, antiquated plumbing, dangerous wiring, appliances that don’t work, or other hidden issues that might only get revealed by hiring a professional home inspector.
A qualified home inspector’s job is to assess the condition of the Lake Wallenpaupack property, including its heating and cooling systems, plumbing, electrical work, water and sewage, and some fire and safety issues. The inspector will also look for evidence of insect, water, or fire damage or any other issue that may affect the value of the property.
When The Home Inspection is Done
Typically, a home inspection is done after a sales contract or purchase agreement between the buyer and a seller has been signed. Therefore, it’s important that the contract include an inspection contingency or due diligence contingency, which allows the buyer time to find an inspector, schedule and attend the inspection, receive the inspector’s report, and decide how to proceed based on the information it includes.
It’s a good idea to choose a home inspector early in the home buying process so you can schedule your inspection as soon as a seller accepts your offer. Good inspectors can be in high-demand, especially in the springtime when the majority of homes are sold. You will also want to budget for additional examinations in case the inspector finds issues or mentions items that need further investigation such as mold, asbestos, additions made without a permit., etc. Whether the seller will give you more time to complete additional inspections is subject to negotiation. It’s up to the seller to agree or not.
Preparing A Home Inspection Checklist
You can prepare for the home inspection by making a list of the areas of the house you want to be checked before the inspector arrives. The following items should be included on your checklist:
- Attic space
- Rain gutters and downspouts
- Exterior stucco or paint
- Electrical panel, light switches, and power outlets
- Thermostats and heating, cooling, and ventilation (HVAC) system
- Plumbing fixtures, faucets, and water heater
- Walls, ceilings, and floors
- Doors and windows
- Stairs, steps, and railings
- Walkways and driveways
- Porches and balconies
A professional inspection will likely take at least a few hours, and it’s a good idea to be present during the inspection if you can. That way you can find out as much as possible about the true condition of the home and ask the inspector about any findings that might concern you.
Additional Items To Consider
Keep in mind that since home inspectors are mainly concerned with the physical components of the property. There may be items about the Lake Wallenpaupack property that are left out of the inspection, such as trees and landscaping, lawn sprinklers, sewer line, fireplace, and chimney, floors covered by carpeting, drainage, mice, rats, or other rodents, and wood pests such as termites or carpenter ants.
Inspectors typically won’t estimate repair costs, the remaining life of appliances, or other systems for you. If you are concerned about particular items, you may need to get your own repair and replacement bids from local contractors.
Home Inspection Assessment
Depending on the inspection report, you may decide to proceed with the sale, schedule additional inspections, renegotiate the sale price with the seller (if there are serious issues), ask that certain repairs be made, or cancel the contract altogether. If you request major repairs, you may also ask for a re-inspection with the original inspector to verify that the original issue(s) has been resolved.
Since the Lake Wallenpaupack real estate you buy will probably be one of the biggest, most valuable purchases you will ever make, a professional home inspection will help ensure that you are making the right home purchase and a sound investment.
Partner With Top-rated Lake Wallenpaupack REALTOR® – Alicia Kowalik
Whether you are interested in buying a home in the Lake Wallenpaupack area or its time to list your current property, experience matters most in a changing market. Serving the Lake Wallenpaupack area for over 10 years, Alicia Kowalik has the knowledge, skills, commitment, and expertise you need when buying or selling a home.
With in-depth local knowledge and access to the most up-to-date listings, Alicia is the first to know when new Lake Wallenpaupack area inventory becomes available, ensuring that her buyers have access to the most valuable properties and securing an offer. One of the things Alicia loves most about being a real estate agent is being able to help her clients find the perfect home for their lifestyle needs in the area they want to live in.
If you are looking to sell, Alicia will create a comprehensive marketing plan that exposes your home to the public as well as to other real estate agents through the Multiple Listing Service (MLS), other cooperative marketing networks, open houses for agents, and so on. Your listing will appear on all the most popular real estate sites where buyers spend hours a day looking at homes such as Realtor.com, Zillow, Trulia, REMAX, Redfin, and dozens of others.
Your Lake Wallenpaupack real estate will also be featured on Alicia’s own highly-trafficked websites: Aliciakowalik.com and Realestatelakewallenpaupack.com. You can be assured that Alicia will get your home sold quickly and for the highest market price. Alicia works extremely hard for her clients. As your Lake Wallenpaupack real estate agent, she will protect your interests, advocate for you, negotiate on your behalf, and be your trusted guide and advisor every step of the way.
If you or someone you know is interested in buying or selling Lake Wallenpaupack real estate, please give Alicia Kowalik a call directly at (570) 470-5076, or you can get in touch with her here.
Alicia Kowalik, REALTOR®
Lakeview Realty Inc.
2449 Route 6
Hawley, PA 18428
Direct: (570) 470-5076
Office: (570) 226-6300