Home Inspections .. Oh the Stress

... Okay, maybe it isn't that stressful.  I think the majority of my stress is self-imposed, anyone agree?  Oh wait, did I just here Hubs yell from the mountaintops a big fat "I Agree!".  Likely because I keep asking him a thousand "What if?" questions.  Like "What if the seller disagrees to all our home inspection correction requests and totally backs out of the contract?" ... and because I am a huge math nerd...lots of what if math scenarios/equations, oh yeah

Anywho, back on to the topic of home inspections. 

Here is a general overview of the process:
1)  Agent/buyer orders home inspection.
2)  Home inspection takes place within 7 days (I think that is right?) of contract. 
3)  Inspection report is generated.  Buyer selects those items (s)he would like corrected.
4)  Seller agrees to correct all/some/none of home inspection items

The home inspection on our place went pretty well!  Was it scary?  Yes!  Especially since our condo building is acient - think plaster wall acient.  But all in all, we came out pretty unscathed.

So, it was nice to also be on the other end and attend the home inspection of the house we are purchasing - also ancient.  Since it is an actual house, there were a ton more things to consider - the grounds, the skin (roof, walls, etc), all the actual mechanical/electrical/plumbing systems, etc.  It is definitely worth having a fantastic and knowledgeable home inspector.  You may not include all the items on your 'home inspection correction list', but knowing they exist and what you may need to fix within the next couple of years is nice. 

Luckily, our seller agreed to most all of our items - items we felt should definitely be corrected before we moved in - the furnace, electrical grounding items, a roof (no leaks please!) and fireplace inspection (it would be nice to chime in the new year in our new place with our very first fire!). 

Some things that were included in the home inspection that we know we will need to take care of over the next couple of years (its a charming old rambler... we know it isn't going to be perfect):
1)  More insulation!
2)  A new furnace and AC unit (luckily it comes with a 1 year home warranty!!)
3)  Some grading corrections to keep the water out of our soon-to-be-hopefully finished basement... oh look at all that clean slate, bare bones, waiting to be made into our very own ... basement

 



Next up.. Appraisals!