A home inspection has become a normal part of the purchasing process. Because a buyer can only learn so much about a home online or at an open house, an inspection truly delves into the state of the property. This is why an inspection is commonplace when purchasing a home: It gives buyers a thorough analysis of the major details about the property, allowing them to make a more informed decision.
Whether a buyer is concerned about a major system in the home or looking for a smaller issue that might need attention, a home inspection will cover all bases. It looks into 300 different items within a property. Some of the things buyers will learn more about with a home inspection include the foundation, structure, basement, interior and exterior walls, siding, water heater, heating and air-conditioning systems, the electrical system and so much more.
Home sales likely to increase in coming weeks
The housing market is on its way to finding a healthy balance and the homebuying season is almost under way. As the weather warms up, more buyers are out looking for homes, and according to a recent report from the Mortgage Bankers Association, that will likely be the case in the coming weeks. Reports showed that mortgage applications increased at the end of February.
According to the data, mortgage applications jumped 9.4 percent in the week ending Feb. 28. As this information is a good indicator for future sales, it appears the market is poised for growth in the coming spring homebuying season.
As a result, home inspections will be in high demand. Those buying a home in the new year are encouraged to enlist a reputable home inspection company to perform a thorough analysis of the property they are interested in.