Questions to Ask Before Buying a Home

Buying a home can be an exciting time. But even when location, price, size and curb appeal are exactly to your liking, other “added extras” could be headed your way in the form of high repair bills or costly surprises.

A thorough evaluation of the home by a qualified home inspector prior to purchase is your best bet for protection and preparation. According to the U.S. Department of Housing and Urban Development, home inspectors:

1. Evaluate the physical condition of the home, including the structure, construction and mechanical systems;

2. Identify items that should be repaired or replaced;

3. Estimate the remaining useful life of the major systems (such as electrical, plumbing, heating, air conditioning), equipment, structure and finishes.

Though it’s easy to confuse the two, a home inspection is not an appraisal. Appraisals give estimates of market value and are tools for lenders to use to authorize mortgage approval. Inspections are designed for potential buyers to make sure they know what they’re buying.

To find a qualified home inspector, check with state regulatory authorities, professional organizations, the Yellow Pages, internet searches, or your real estate agent.