Would you buy this house?
It seems like everyday of the week I get this question. It usually comes from a nervous home buyer who isn’t sure about what to do next after their home inspection. A lot of the time they are first time home buyers who are freaking out. Should they back off and walk away, or should they take a leap of faith and buy the house anyway? Most of the homes I inspect are not too bad, so this is an easy answer.
I understand the sentiment behind the question from folks, but it’s really not a fair question to ask someone like me. I have the skill, knowledge, and tools to do just about everything you can think of to a house. These assets make the list of things that need to be done to a particular house not nearly as big a deal to me as they are to the average home buyer. Not to toot my own horn, but it’s like watching Tiger Woods hit a golf ball. He makes it look easy; but try to do what he does and you’ll see that it’s not that easy after all.
Let’s look at three of the most important things you need to consider when looking at a home that needs some love put into it. By love, I mean time and money. It’s always time and money. And usually it’s more time than you think, and more money than you planned. It’s just part of it.
So there you have my big three. TMT: Time, money, and tools. There are always exceptions to every rule, but if you objectively look at your situation, those three variables should help you decide if your new house is the right move for you. While no house is trouble free, and every house needs to work from time to time, owning your own home should be an exciting and happy time.
Remember: your home inspection is not to tell you about everything that could happen, it’s to tell you that everything will happen in time; and you should plan accordingly.