Buying a home in NH is one of the most important purchases you will make in your lifetime, so you should be sure that the home you want to buy is in good condition. A home inspection by a qualified NH Home Inspector is an evaluation of a homes condition by a trained expert. During a home inspection, a qualified inspector takes an in-depth and impartial look at the property you plan to buy. The inspector will:

• Evaluate    the physical condition: the structure, construction and mechanical    systems.
 
• Identify    items that should be repaired or replaced.
 
• Estimate    the remaining useful life of the major systems (such as electrical,    plumbing, heating, air conditioning), equipment, structure and finishes.

After the inspection is complete, you will receive a written report of the findings from the home inspector, usually within five to seven days, sometimes the report is given to you at the end of the inspection.

Home Inspections Are Not Appraisals

A property appraisal is a document that provides an estimate of a propertys market value. Lenders require appraisals on properties prior to loan approval to ensure that the mortgage loan amount is not more than the value of the property. Appraisals are for lenders; home inspections are for buyers.

About FHA Home Inspections

FHA helps individuals and families become homeowners by providing lenders with mortgage insurance for certain loans.

FHA does not guarantee the value or condition of your future home, and FHA does not perform home inspections. If you find problems with your new home after closing, FHA cannot give or lend you money for repairs, nor can it buy the home back from you.

Thats why it is so important for you, the buyer, to get an independent home inspection. Ask a qualified NH home inspector to thoroughly examine the physical condition of your future home and give you the information you need to make a wise decision.

The Bottom Line: Spending Hundreds May Save Thousands

When you make a written offer on a home, you should insist that the contract state that the offer is contingent on a home inspection conducted by a qualified inspector. You will have to pay for the inspection yourself, but it could keep you from buying a house that will cost you far more in repairs down the road. If you are satisfied with the results of the inspection, then your offer can proceed.

Call us for details about buying your New Hampshire properties. We are the local real estate experts in NH