If you’re buying a home, the smart thing to do is to have it inspected before you sign the purchase and sales agreement. An inspection contingency is a clause in an offer that gives the buyer the right to have an inspection performed within a certain time frame. An inspection can keep you from making a bad investment by buying a home that is in disrepair. If an inspection shows unfavorable results, you have options like canceling the contract or negotiating. To snap up a home quickly, some buyers commit to buying a house with no inspection. Be aware that if you do this, you will be responsible for any repairs that the property needs. Here are 5 risks of waiving a home inspection contingency.
You Might Encounter Serious Structural Issues
Home inspections don’t just tell you about faulty appliances. An inspection can turn up serious structural issues and other kinds of problems that can cost hundreds of thousands of dollars to fix. Keep in mind that many of a home’s most serious problems may not be visible to someone simply walking through. They may only be detectable by an experienced home inspector.
Waiving a Home Inspection Places You in a Weak Negotiating Position
If you forego an inspection, you lose the right to negotiate or get out of the deal if there’s something seriously wrong with the property. If you do have an inspection contingency, you have alternatives such as walking away or asking for a better price.
Long-Term Financial Consequences of Waiving a Home Inspection
If you buy a house without having it inspected and something big comes up, you are on the hook for a lot of money. Big expenses that show up when you are already financially maxed out with your mortgage could drown you in debt. Waiving an inspection has the potential to affect your finances for the rest of your life.
Serious Safety Hazards
Many of the problems that might be uncovered in a home inspection pose more than just financial risks. They threaten the safety of everyone who lives in the home as well. Inspections may reveal carbon monoxide concerns and problems with the home’s wiring that pose electrical and fire hazards. Asbestos, pests, and lead paint are other issues that can make a home dangerous.
A Home Inspection Shows What Preventive Measures to Take
Home inspections just show more than just the immediate and pressing issues. They show areas that can become problems down the road. This information can help you to plan and budget to take steps that prevent expensive problems from developing in the first place.
An inspection can prevent buyer’s remorse for many reasons. Before you invest in a property and move your family into it, you are obligated to find out as much as you can about it. A home inspection performed by a qualified inspector is the best way to protect yourself as a buyer.
Owning a home involves upkeep and responsibilities, and it can sometimes be challenging to prioritize tasks and chores around the house. Here are a few common concerns of homeowners and what you can do about them to keep your property and family safe.
No one wants to face the stress and uncertainly that occurs with a break-in. To minimize the risk of a burglary, make sure your alarm system is functioning correctly. If you haven’t yet installed a security system, begin shopping for options. There are many systems available that can be monitored from your smartphone.
To help prevent theft, look around your property for potential hiding places for an intruder. Make sure the yard is well-lit at night. Install motion-sensing lights above the garage and in the side yard. Keep bushes around the home trimmed so a burglar won’t be able to hide there. Check window and door locks to make sure they’re all functioning properly and don’t forget to lock up every time you leave the house.
Plumbing Leaks are Common Concerns of Homeowners
Plumbing issues can cause water damage and structural concerns. Prevent serious plumbing problems with regular maintenance. Keep a close eye on your water pressure. Homeowners may prefer higher water pressure for showers and other household chores, but when it’s set too high, it strains the pipes and may eventually lead to cracks and leaks. If you are planning to leave town, turn off the water at the main shut-off valve. This will prevent plumbing emergencies while you are away.
The roof is a critical component that protects your family, home, and belongings. Roof replacement is a major project, so it’s important to take care of your roofing and help extend its lifespan.
Extreme weather like severe storms and heavy snow can damage your roofing. To minimize this risk, make sure your gutters remain clear. Blockages prevent water from draining away from your home and may cause water to seep under the roofing materials.
Look outside for missing, cracked, or warped shingles and replace them as necessary. If you notice leaks or dark stains on walls and ceilings, hire a professional to inspect the roofing. Repairs may be necessary or it could be time for a full roof replacement.
Electrical problems can lead to injuries and even a house fire. Water and electricity don’t mix so make sure your hands are dry before plugging an appliance into the wall. Keep devices away from water sources. This is even true of outdoor appliances and landscaping equipment. If you use an electric leafblower or weedwhacker, don’t use it in the rain and store the tool indoors. Exposure to moisture will shorten the lifespan of many tools and appliances.
Make sure all lamps and light fixtures are fitted with bulbs of the correct wattage to reduce the risk of overheating. Unplug electronics and appliances when not in use to avoid short-circuiting in case of a power surge.
As a homeowner, you want your house to be safe, efficient, and attractive. One of the best ways to make your home operate well is by integrating “smart” home technologies. Several companies are developing products to help automate your home. Here are some types of smart home features you might choose to integrate into your living spaces.
What are Smart Home Features?
A “smart” home is one that has systems and components that can be controlled via a smartphone or tablet. Components of the home are connected to the internet and can be adjusted, powered on and off, and/or monitored with a smart device. Let’s take a look at a few of the more common smart home options.
You can use smart features in many aspects of your day-to-day life, including lighting your home. Lights are available that can be controlled, programmed, and automated according to your schedule. Smart fixtures are available as are smart bulbs that can be used in any light fixture. Many of these bulbs allow you to adjust the color and tone of the light in your living spaces and you can set schedules and timers to turn the lights on and off automatically.
Smart Entertainment Devices
For home entertainment, you’ll find an assortment of devices that make using the television or listening to the news easier. Smart speakers are available that will play music or search the internet with voice commands. You can also purchase smart televisions that can be operated with a smartphone. Many homes use a central hub to connect and control all the devices. Apps can also be used to manage devices via a computer or phone.
Some Home Appliances Have Smart Features
Smart appliances like ovens, microwaves, air fryers, and even outdoor grills can be controlled via your smart speaker or an app on your phone. You can control them from anywhere in the house, but it isn’t recommended to use cooking appliances when you aren’t home.
Programmable Smart Thermostat
A smart thermostat provides complete automation for your heating and cooling system. Program the thermostat to control the temperature based on when you’re at home or at work. You’ll be able to cool and heat your home more efficiently. Some smart thermostats can actually detect people in the home and adjust the indoor temperature accordingly.
Smart Home Features Include Window Blinds
Your windows can be enhanced using smart home features. In the summer, program your smart blinds to close during the heat of the day. You’ll keep the inside of your home cooler. As a bonus, you’ll save money on the energy bill because it will take less electricity to maintain a comfortable temperature inside the home. During cooler weather, open the blinds during the day. Even if you’re out of the house, you can open the blinds using your smartphone.
Smart Home Surveillance Cameras
Installing smart home surveillance cameras is one way to enhance home security. Some of these cameras are equipped with facial recognition software, two-way communication intercoms, and night vision to better see what’s going on around your property. Smart cameras can be monitored via your computer or mobile device.
The day you finally get the keys to your new home is an exciting time. Whether you bought an old house or one that was newly constructed, there are many benefits to being a homeowner. There is also plenty to learn as you adjust to your new home. To make things easier for you, here is a list of tips for a new homeowner and some important things you should know.
Get a Home Inspection
Before you purchase a home, have it inspected by a professional. A home inspection gives you an overview of the property’s condition. The assessment will identify problems and safety concerns so you’ll know about any needed repairs and replacements. Plan on scheduling regular maintenance inspections to keep your home in the best shape and to stay ahead of small problems before they become significant.
Tips for a New Homeowner: Keep Your Documents Safe
Keep your important documents together in one place so they are easy to find when you need them. This includes things like deeds, receipts for contractors you have hired, copies of utility bills, home warranties, and insurance policies. It’s helpful to know exactly where paperwork is when you need to refer back to a specific document.
Know Your Neighbors
When you are a homeowner, it’s good to get to know your neighbors. Invite the people in your neighborhood over for a cookout or introduce yourself when you see them outside. Good neighbors watch out for one another and keep an eye on your property when you’re away. Get the contact information of neighbors, property managers, and utility companies in case you need assistance or have questions about your new neighborhood.
Start with Small Projects
An important tip for new homeowners is to start small when tackling projects in your new home. Choose simple upgrades that you can easily handle yourself. This will prevent you from getting frustrated and burned out the first time you attempt to improve your property.
Get a Toolbox and Basic Tools
A set of tools comes in handy when you need to complete minor home repairs. Purchase a few basic tools and a toolbox for storage. For starters, you’ll want a hammer, pliers, adjustable wrench, screwdriver, drill, and tape measure.
Learning to Budget is One of the Best Tips for a New Homeowner
Make a monthly budget. Include your mortgage payment and any other costs related to homeownership, such as utility bills and maintenance expenses. Keep track of what you spend on groceries, medical bills, and car payments. Set money aside for emergencies. This will help prepare you for unexpected expenses in the months and years ahead.
Your home is a major investment. These tips will help you navigate the world of homeownership and you’ll be more prepared for the responsibilities you’ll face.
An open floor plan is a popular selling point for homes. Some homeowners even go far so as to take out walls before putting their house on the market. If you’re shopping for a new home or thinking of renovating your current one, here are the pros and cons of this type of layout.
Downsides of an Open Floor Plan
An open floor plan with fewer rooms and walls leaves fewer places to store your belongings. When the kids leave toys in the living room, they will be visible from the kitchen. Likewise, if there are dirty dishes on the kitchen counter, they will be noticeable from the dining area.
Less Privacy in an Open Floor Plan Home
More and more people are working from home and the lack of walls also means a lack of privacy. If you need peace and quiet to focus and feel productive, this type of home design may not be right for you. There are fewer barriers to block sound and more opportunities for distraction.
No Sound Buffering
If you’re accustomed to having walls, you might not realize the amount of sound buffering they offer. In a home with open areas, sound travels easily, especially if the house also has high ceilings. Curtain, rugs, plush furnishings, and throw pillows will help to dampen sound, but you’ll notice it is noisier in a home with fewer divisions between rooms.
Enjoy the Advantages of an Open Floor Plan
Better for Entertaining
A home with an open floor plan offers more space for entertaining guests. This type of design is more conducive to gathering with friends and family. When there aren’t walls dividing the living areas, you’ll find it’s easier to key an eye on guests and make sure everyone is having a good time.
Easier to Watch the Kids
Open living areas make it easier to socialize with friends and family and they offer better visibility for keeping an eye on children. You can prepare dinner in the kitchen and still have a clear line of sight to where the kids are playing in the dining room.
Living Spaces Feel Larger
The lack of walls makes even minimal square footage seem larger. Especially when combined with high ceilings, an open floor plan helps a home feel more spacious.
More Natural Light
Open spaces are brighter. Without walls in the main living areas, there’s nothing to block the light from either end of the house. During the day, sunlight through windows and skylights is usually enough to illuminate the entire area.
With the weather warming up, you and your family will be spending more time outside. Make your patio a comfortable place to hang out and relax. Here are some tips to help you upgrade your outdoor living spaces.
Upgrade Outdoor Living Spaces with Furniture
If the backyard deck is bare, adding furniture is an easy improvement. You’ll find a wide range of seating options in a variety of materials for your outdoor spaces. Wrought-iron tables and chairs are attractive and sturdy. Because they are heavy, strong winds won’t affect them. Wrought iron has the downside of being vulnerable to rust if not well-maintained. When shopping for patio furniture, there are also synthetic wicker, wooden, plastic, and aluminum options. Choose a style that is comfortable and complements your outdoor decor.
Incorporate the Elements into Your Outdoor Spaces
A water fountain, fire pit, or outdoor fireplace are all great features for your patio. The sound of falling water is calming and fires are relaxing and inviting. The addition of a fire pit adds warmth to your outdoor space and makes the area feel welcoming any time of year.
Create Shade for Your Backyard Deck
If your deck, porch, or patio gets several hours of sunlight, the area can become uncomfortably warm. Provide shady areas for your guests to relax. Options for shade include structures like a gazebo, large trellis, or pergola. You might also install a retractable awning, shade sail, or a patio umbrella. Planting fast-growing trees on one side of the deck is another way to block some of the sunlight from the area.
Upgrade a Deck With a Privacy Fence
Create an element of privacy for your outdoor living space. Your patio can feel like a private oasis when you add walls, shrubs, or curtains. You can install a rock wall around the patio to create a hidden courtyard. Other options include lattice with vining plants, up-cycling old shutters to create a barrier, and hanging canvas curtains to provide privacy and shade.
Add Color to Upgrade Your Outdoor Living Spaces
Personalize your porch or patio with texture and color. Use an outdoor rug to designate a sitting area. Install planter boxes to grow brightly colored flowers or herbs for the kitchen. Grow ivy on the pergola. Add throw pillows to your patio furniture for color and comfort.
Install Outdoor Lighting
Enjoy your patio even after sunset when you add lighting. The types of lights you choose will depend on your aesthetic. String lights are popular to make an area more festive. If you enjoy dining outdoors, candles set a relaxing mood. You can install recessed lighting into the deck stairs and deck-post lighting to illuminate the perimeter of the backyard deck. Solar-powered stake lights are ideal for lighting the walkway to the front porch or pool. Citronella-burning torches provide light for the backyard and help to keep mosquitoes away.
With our busy lives, it’s helpful to have a place to relax and unwind. These simple upgrades to your patio will allow you to create a warm and inviting outdoor space.