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Home Inspections: Don’t Make These Mistakes

Home Inspections: Don’t Make These Mistakes

Buying a home involves many different processes, one of which is closing on a home, and getting your potential new abode inspected. Although an inspection doesn’t seem like something that could affect you much during the home buying process, making mistakes during this process can cost you big bucks a few years down the road.

Why? A home inspection that points out the major defects in a home can be used to reduce the price of a home or make the seller fix the problems before selling the house to you, the buyer. If a home inspector misses a major defect on the inspection or you don’t follow through with getting the problems in the home fixed, it could cost you thousands of dollars of your own money getting the defects repaired or replaced down the line.

You can save yourself stress and money by making sure you don’t make these mistakes:

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Not Getting a Home Inspection

Depending on your mortgage lender, you may not be required to get a home inspection. Purchasing a home without a home inspection isn’t illegal, but it’s not recommended. No matter what home you’re buying, how old it is or how many times it’s been remodeled, you should get a home inspection. If you don’t, you won’t know what state the home’s systems and appliances are in, and you won’t be able to discount the price of the home or plan for possible break downs and repairs.

Not Hiring the Right Inspector

Hire an Inspector Who Will be Neutral

An inspector is one of the only people in a real estate transaction that isn’t paid based on how much the home sells for, so you should hire someone who will give you a neutral point of view when looking at the state of the home. A home inspector who has been recommended by a realtor is probably trustworthy, but they could be glazing over real problems in their reports to keep the home at a certain price. For this same reason, you should never have the seller hire and pay the home inspector. There are just too many ethical barriers that could be broken.

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Hire an Inspector Who Meets Certain Qualifications

Unfortunately, there aren’t laws in every state regarding home inspections and the qualifications that an individual needs t become a home inspector. According to The National Association of Home Inspectors, 15 states do not have any legislation about home inspections. You should hire someone is a part of a home inspector group that has specific ethical guidelines they follow. You should also see if the inspector has errors and omissions insurance so in case they miss something, you won’t have your hands tied.

Hire an Inspector Who Will Look into Every Part of the Home

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Much like the lack of legislation on who can be an inspector, only half of the states in the US have specific rules on what should be inspected and what shouldn’t during a home inspection. Make sure you hire someone who will look into all of the parts of a home you want them to inspect. Don’t be afraid to ask them for a sample report to see what types of things they normally check.

Getting Work Done by the Inspector You Hired

Although most inspectors are trustworthy individuals, you’ll want to make sure that you don’t hire the same inspector to repair the problems they find in your future home. This can also cause ethical problems. In fact, inspectors who are a part of the American Society of Home Inspectors aren’t allowed to repair, replace or upgrade any of the systems they inspect for a year after inspection.

Not Attending the Inspection

Another mistake that you could make is not attending the home inspection. By attending the home inspection you’ll be able to see the problems as the inspector finds them, and learn more about the inner workings of your future home. 

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Not Following Up on the Inspection

When you receive the inspection report, you should read it thoroughly and go through it with your realtor. This is when you should follow up on the report. First, hire multiple inspectors that have areas of expertise on the specific systems in the home that have defects. These experts can help you know what kind of problems you’re looking at if you buy the home and how much money you’re going to spend fixing them. Then, take this information to negotiations with the seller to see if the seller wants to fix the defects or lower the price of the home so you can foot the bill.

By avoiding these mistakes, you will end up with a home that’s in better shape, and you will have more money in your pocket. Plus, with a home inspection, the home warranty that may have come on your home will be even more useful. Home warranties can use the home inspection report to see what the state of the home was in when it was purchased, and a home warranty can help you repair or replace your failed systems and appliances for a deductible between $50 and $100.

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    Featured photo credit: Landmark Home Warranty via landmarkhw.com

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    Last Updated on August 4, 2020

    8 Benefits of a Minimalist Lifestyle That Get You to Live With Less

    8 Benefits of a Minimalist Lifestyle That Get You to Live With Less

    Minimalism is a way to put a stop to the gluttony of the world around us. It’s the opposite of every advertisement we see plastered on the radio and TV. We live in a society that prides itself on the accumulation of stuff; we eat up consumerism, material possessions, clutter, debt, distractions and noise.

    What we don’t seem to have is any meaning left in our world.

    By adopting a minimalist lifestyle, you can throw out what you don’t need in order to focus on what you do need.

    I know first hand how little we actually need to survive. I was fortunate enough to live in a van for four months while traveling throughout Australia. This experience taught me valuable lessons about what really matters and how little we really need all this stuff we surround ourselves with.

    Less is more.

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    Living a minimalist lifestyle is reducing.There are a few obvious benefits of minimalism such as less cleaning and stress, a more organized household and more money to be found, but there are also a few deep, life-changing benefits.

    What we don’t usually realize is that when we reduce, we reduce a lot more than just stuff.

    Consider just some of the benefits of living with fewer possessions:

    1. Create Room for What’s Important

    When we purge our junk drawers and closets we create space and peace. We lose that claustrophobic feeling and we can actually breathe again. Create the room to fill up our lives with meaning instead of stuff.

    2. More Freedom

    The accumulation of stuff is like an anchor, it ties us down. We are always terrified of losing all our ‘stuff’. Let it go and you will experience a freedom like never before: a freedom from greed, debt, obsession and overworking.

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    3. Focus on Health and Hobbies

    When you spend less time at Home Depot trying unsuccessfully to keep up with the Joneses, you create an opening to do the things you love, things that you never seem to have time for.

    Everyone is always saying they don’t have enough time, but how many people really stop and look at what they are spending their time doing?

    You could be enjoying a day with your kids, hitting up the gym, practicing yoga, reading a good book or traveling. Whatever it is that you love you could be doing, but instead you are stuck at Sears shopping for more stuff.

    4. Less Focus on Material Possessions

    All the stuff we surround ourselves with is merely a distraction, we are filling a void. Money can’t buy happiness, but it can buy comfort. After the initial comfort is satisfied, that’s where our obsession with money should end.

    We are bombarded by the media presenting promises of happiness through materialistic measures. It’s no wonder we struggle everyday. Resist those urges. It’s an empty path, it won’t make you happy.

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    It’s hard not to get roped into the consumerism trap. I need constant reminders that it’s a false sense of happiness. I enjoy stuff, but I also recognize that I don’t need it.

    5. More Peace of Mind

    When we cling onto material possessions we create stress because we are always afraid of losing these things. By simplifying your life you can lose your attachment to these things and ultimately create a calm, peaceful mind.

    The less things you have to worry about, the more peace you have, and it’s as simple as that.

    6. More Happiness

    When de-cluttering your life, happiness naturally comes because you gravitate towards the things that matter most. You see clearly the false promises in all the clutter, it’s like a broken shield against life’s true essence.

    You will also find happiness in being more efficient, you will find concentration by having refocused your priorities, you will find joy by enjoying slowing down.

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    7. Less Fear of Failure

    When you look at Buddhist monks, they have no fear, and they have no fear because they don’t have anything to lose.

    In whatever you wish to pursue doing you can excel, if you aren’t plagued with the fear of losing all your worldly possessions. Obviously you need to take the appropriate steps to put a roof over your head, but also know that you have little to fear except fear itself.

    8. More Confidence

    The entire minimalist lifestyle promotes individuality and self reliance. This will make you more confident in your pursuit of happiness.

    What’s Next? Go Minimalism.

    If you’re ready to start living a minimalist lifestyle, these articles can help you to kickstart:

    Featured photo credit: Unsplash via unsplash.com

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