Your home is probably the biggest investment you’ve ever made. In addition to the price of your home, you also incur interest charges from your mortgage for decades, and pay hefty insurance premiums and taxes.
When you decide it’s time to sell your home, to move into another area or to lease instead of own, you expect to receive a cash windfall from the sale. However, sometime this is not the case, due to problems with your home’s condition.
It can be difficult to assess the condition of your home just by looking at it from the street. Yet not knowing the current condition of your home can lead to many serious problems.
The best way to know for sure if your home is in good shape, or needs some attention, is to have a qualified, licensed home inspector take a thorough look inside, outside, above and below your home once a year.
Here are 7 big reasons to have your home inspected annually by a qualified professional, and protect your investment:
Reason #1) Outdated Electrical Systems In Older Homes:
If your home was built prior to 1970, it’s possible that the fuse box, the wiring in your walls and the entire electrical system could be dangerous. Pre-1970 homes and electrical systems were held to different standards than homes built more recently. These problems can lead to power outages and in the worst scenarios, electrical fires.
Reason #2) Leaky Water and Sewer Pipes:
Depending on the age of your home, and the part of the country where it was built, it’s possible that the pipes that supply water throughout your home can degrade and become pitted. Over the years, pipe joint connections can also degrade, which can lead to expensive repairs of not only your pipes, but walls, ceilings and flooring, too.
Reason #3) Sloping Grade Bringing Water Toward Home:
Over time, with weather and the seasons, the grade of your property can change. If the grade now has areas where it leads water toward your building instead of away from it, water can create serious damage. Your foundation can be compromised, allowing leaks to seep in your home and under the foundation. Water can also affect walls of your home that were not protected from the water flow.
Reason #4) Weathered Wood or Asphalt Roofing:
Asphalt roof shingles have been a popular product since the 1970s, as they can handle extreme heat and cold, while still maintaining protection for the wooden roof underneath. Some homes have even been built using wooden shingles, which give the house a nice appearance, but like asphalt shingles, wood shingles can break down, where they can crack and leak over time.
Reason #5) Textured Stucco On Spanish-Style Homes:
Many areas of the country are home to Spanish-style architecture, which includes the common use of stucco inside the home and on the exterior. As stucco ages, small pockets can form that catch water from rain. As this water remains in the stucco pockets over time, the water can find it’s way into cracks, leading to leaks and water damage.
Reason #6) Insect, Mold and Other Hidden Damage:
While you can’t see inside walls and wood structures, they can be affected by certain factors that can cause structural and health-related issues. Insects of all kinds, including termites, carpenter ants, bees and more, can build nests that damage the structure of your home. Mold from water leaks can take hold and grow, leading to respiratory problems for you and your family. If you live in an area prone to earthquakes, there could be damage that you can’t see, that can affect the structural integrity of the home.
Reason #7) Aged Furnaces, Heating and Cooling Systems:
Heating systems and furnaces in older homes suffer from fatigue just like any other system or structure that can deteriorate over time. With faulty heating systems, there is the risk of carbon monoxide or other dangerous elements entering the living space of your home. Older cooling systems can have an equally damaging impact on your home by not draining condensation properly, leading to leaks and mold in wood and walls.
This important look at what home owners can face when not knowing the condition of their houses is very real. My intent is to give you a wake up call, so you realize the benefit and necessity of having your home inspected annually.
As founder of 101 Financial, I’m in your financial corner. I want to see only the best for you. This is why I urge you to make plans now to get your home inspected. It would be sad to hear that the investment you’ve made over all these years would be for not, because the condition of your home doesn’t bring you the selling price you expect.