Do you feel overwhelmed with all of the paperwork and details that need to be considered when you are buying a home? This process can be quite extensive, and many first-time home buyers are surprised to learn about extra fees and costs. The best way to navigate the home-buying experience is to ensure that you have an experienced real estate agent available to help every step of the way.
Two important topics that shouldn’t be overlooked include homeowners insurance and inspections for the property. Here are a few things that you need to know before you get started:
Homeowners Insurance to Protect Your Investment
A good homeowner’s insurance policy will keep you protected in case something goes wrong in your home. If you are applying for a mortgage, then it is likely that this insurance policy will be required for the financing approval. Even if you don’t need financing to pay for the home, it is still a good idea to pay for a good insurance policy.
There are different types of insurance that you can choose from, and you can talk with an experienced insurance agent to learn more about the options that are available. Most people select a general homeowner’s insurance policy, and there might be necessary add-ons such as special disaster insurance applicable to your local area.
Don’t view the insurance policy as a waste of money, because it will protect your family in case damage happens to your home. This policy will cover the expenses to repair problems or completely rebuild certain areas of the property in case of an emergency situation.
Why You Need a Home Inspection
Some homeowners justify the purchase without a home inspection, because they want to avoid the hassle and save the money. But, it is essential to get an inspection so that you can minimize the risks of purchasing the home. Even if the property appears to be in good condition, you never know the secrets that are lurking inside a home. An inspector knows what to look for, and this process can help you estimate the necessary cost of repairs to ensure that your family is safe and the home is maintaining value.
Even if you are buying a new home or a home that has been recently remodeled, it is still important that you take time for an inspection before closing on the property. You are investing so much money into the home, and a few hundred dollars for the inspection can protect your investment. At a minimum, choose a basic inspection. Although, some homeowners decide to add a few “extras” on, such as a termite or mold inspection.
Talk with an Atlanta Real Estate Agent
When you are ready to buy a home, you deserve to have an experienced real estate team helping you make the tough decisions. Call Duffy Realty of Atlanta to learn more: (678) 318-1700