The
Big Five
In a very short and simple fashion, I am going to give
you my best advice when you are buying a home. Especially if it is your first
home.
Let us assume you have selected
the house you want to purchase, and you have negotiated a price satisfactory to
both you and the seller. Next, let us
assume that you purchased a Termination Option period for days to complete and
review property inspection reports, and you have ordered and received both a
General Inspection as well as a wood destroying pest inspection.
So, now you have to evaluate the inspections. Obviously, if the wood destroying pest
inspection indicates an active infestation, you must negotiate a reasonable
solution with the seller. So, I’m going to treat this issue separate from the
issues within the general inspection.
A general inspection can often times be both daunting
as well as discouraging to read.
Inspectors are required to note all deficiencies including items not
meeting the most recent building codes.
Their intention is not to make the home appear as if it is falling down
although the report may seem otherwise.
As a general rule, I typically read the report, and mark all noted
deficiencies with a highlighter. I also
make notes on the side such as “current building code”, “easily fixed” or “Home
Depot”.
That is unless the issue pertains to one of the Big
Five. The Big Five consist of the
following: the foundation, the roof, the plumbing system, electrical system and
the heating and air conditioning system. All five of these components can
require substantial money to remedy or repair, and some such as the foundation
can possibly be a lifetime battle. Most
inspectors will recommend getting a qualified inspector, licensed technician or
a structural engineer to further inspect the issue.
Heed this recommendation! It is in your best interest with regard to
your finances as well as your personal happiness regarding your new home.
Written By, Bill Barkley, Owner and Broker of River Valley Real Estate
19202 Huebner Road
San Antonio, TX 78258
210-853-5327