Things to Look For

Asked by J, LBK Thu Apr 3, 2008

I'm looking at a house between quaker and Indiana and I was wondering what things I need to look at when going into the house. I know the roof is a big thing in LBK, but should I be worried about the electrical system, foundation, etc. Surely most of these houses were built by the same group of builders, is their something I need to worry about

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Inspector Ge…, , Chicago, IL
Fri Apr 11, 2008
Your best bet is to hire a local home inspector to do a complete home inspection of the property.

The Home Inspection Should Include:

Roof and Exterior Components
Foundation and Structural Components
Hot water Systems
Plumbing Systems
HVAC Systems
Gas Lines
Bathroom Systems
Living Areas
Windows and Doors
Attic and Ventallation

This is just a partial list, Good Luck!
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Velma Medina, Agent, Lubbock, TX
Fri Apr 4, 2008
In addition to the information that you received from Oscar, I believe that you should check to see if the house is in a flood zone. Many homes in this area are in a flood zone. Unliess you are paying cash for a house, if the house is located in a flood zone, you will be required to pay flood insurance. You would just need to calculate that into your monthly payment. If you have any other questions or concerns, please feel free to contact Oscar or me; we are on the same team here at Coldwell Banker Rick Canup, Realtors.

Hope this helps!
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Oscar Armend…, Agent, Lubbock, TX
Fri Apr 4, 2008
All of the concerns that you have are valid concerns, and once a contract is written then you will have an option period. This is basically an inspection period. Within this option period you will have the opportunity to have the property inspected and a termite inspection. This cost runs approximately $250.00 for both a property inspection and termite inspection.

Buying a 50 to 40 year old home could be advantageous because more than likely the home has had updating to the HVAC system and electrical and plumbing.

Once we have the inspection we can get together and look to see if there are any repairs that need to be negotiated. There are a few things that you have to realize when you buy a home in that area.

1. They are not new homes and there are going to have little things wrong with them. What we are looking for big items: structural, electrical, plumbing, roof, etc.

2. In requesting repairs you have to look at what you are purchasing the home for. If we have beat the seller down on the price he/she maybe reluctant to make the requested repairs. The seller may feel that they have already discounted the home because of the condition.

3. The last thing to remember is this. The bigger the issue the more likely the seller is to make the repair. The reason is because on things like roof, electrical and so forth, the seller will have to address that issue regardless of what buyer comes along. So he might as well deal with the buyer he already has. It comes down to the old saying. "A bird in the hand . . ."

If you are ready to start looking just let me know if I can be of assistance
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Dallas Texas, Agent, Dallas, TN
Thu Apr 3, 2008
a) you need to have a good real estate agent that knows how to walk properties with you look for these items and point out the faults on the property
b) after you locate a property never purchase a home unless you have it inspected you will have an option period to bring in your inspector if you don't like the report during the option period you can walk away from the property.

MOST IMPORTANT locate a seasoned real estate agent that can prevent unnessary expenses don't fall in love with a property till after the inspection.

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Ben Goheen, Agent, Saint Paul, MN
Thu Apr 3, 2008
Hi J,
Like every profession, there are different quality levels of home inspections. Try to look for a ASHI (American Society of Home Inspectors) certified inspector. The ones we've used have always pointed any potential issues with foundations or the mechanicals. By the way, in Minnesota the going rate tends to be around $300. Good luck!
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J, , LBK
Thu Apr 3, 2008
Yeah I'm definitely going to shell out for an inspection, but isn't it true they don't always catch stuff like foundation or electrical problems?
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Dave Sutton, Agent, Portland, OR
Thu Apr 3, 2008
A professional Home Inspection is your best defense. For about $400 (in California where I am, maybe less in your part of the country) you will have the answer to those questions. Money well spent.
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