It’s exciting to find the house of your dreams. After looking at houses, you’ve listed the pros and cons. But you don’t sleep at night. Are you feeling buyer’s remorse?
When buying a house, there are many things that one should consider. Next, you hire a home inspector to inspect your home and give you a report. How can you tell when to leave after a Home inspection in St. Augustine FL? While some issues are inexpensive to fix or can be negotiated with the seller, others may cost a lot, and you may want to walk away. Let’s take another look.
Can you walk away from home after an inspection?
Yes! This is the most common time to walk away from a home that is under contract. Buyers may not know the house’s contents or the components until an inspection is completed. An inspection is strongly recommended. Although the house might look perfect, you may not know what’s underneath the plumbing or roof. The report will reveal major problems that need repair or replacement. These issues are discussed below. These issues will help you decide when to leave after a home inspection.
Foundation
Is there a major issue in your home inspection report? Are any of these foundation issues? This could be a problem. The foundation must be strong and intact.
The cost of inspection for this structural problem is approximately $600. Repairs can range from low thousands to tens or thousands, depending on the issue. If you are interested in this home, you need to speak with a structural engineer to get a quote and determine the cost. After a home inspection, if the cost is beyond your means, it’s a good idea to move on.
Termites
Termites living in your home can be a problem. It is possible to eradicate them, depending on how severe the infestation has become and how much damage they have caused. A termite inspector will inspect the area and provide an estimate for repairs. The inspector will inform you if termites are active or have left evidence. Buyers should be aware that termites are common in older homes in the south. The inspector will inspect the property to determine any structural problems. Depending on the severity, you will need to factor in the cost of treatment (approximately $750) and repair costs. Depending on the issue, repairs can range from $200 to $2500.
Water Damage
Water damage can also be a problem as mould can grow where it isn’t visible. Although the buyer may have removed the water stains, did the owner inspect for mould? The cost of mould can lead to health issues and run from $500 up to $6,000, depending on what type it is. A professional must collect the spores to determine what mould is present in the house.
You may find soft spots in your home’s walls, floors, or other areas due to water damage. Call a professional to inspect the problem.
Electrical Damage/ Issues
This is an indication that there is a problem with the electrical system. An electrical problem can lead to a fire or cause electrical outlets to stop working properly. Even more concerning is if the house was built in the 1970s and an electric panel such as GTE Sylvania Zisco or FPE was installed. This type of panel replacement will cost approximately $1500. Another example is aluminium wiring.
