New Home Inspection

Before closing purchase on a home, even a new construction, you should complete a new home inspection, since many municipalities don't have the resources or time to fully inspect all homes. A new home inspection or Home Evaluation Worksheet can help you find defects you would have otherwise missed.

Start by gathering information on the location, style, size and features of the house, and compare it to the information listed by the seller. Other important features you'll need to inspect include:

• Appliances
• Smoke detectors  
• Security system(s)
• Heaters and air conditioners (also including water heaters, fireplaces and chimneys, and fans)
• Plumbing and electrical systems
• Structural integrity of the building
• Damage to any of the walls, doors, and furniture
• Exterior elements such as drainage, sidewalk and driveway, landscaping/yard, etc.
• Roof, gutters and ventilation

Remember that you'll need to get a licensed inspector to assess the following:

• Asbestos
• Radon, methane, radiation
• Lead
• Termites
• Rodents and pests
• Mold and mildew

If you've received any other home evaluation reports, make sure you understand their contents and know what is in good condition and what needs to be fixed.  You may be able to fix some problems yourself, but it's a good idea to call a contractor to have him or her determine the scope of the repairs unless you are experienced enough to handle it yourself. 

You can perform your own new home inspection with the easy Home Evaluation Worksheet from RocketLawyer.com.

Laws on this topic may vary from state to state. This content is not meant to provide you with complete information and it is not intended to be legal or tax advice. It is recommended that you consult with your own attorney, accountant or other advisor regarding your specific situation.