Home Inspection

Home inspections are used to provide an opportunity for a buyer or seller to identify any major issues with a home prior to closing.

What is covered in a Home Inspection?

Home buyers and sellers may hire local inspectors to take an in-depth look through the home’s exterior and interior, checking the following:

1. Bathrooms: This will be inspected for leaks, ventilation and any other major issues. An absence of windows or fans could indicate mold or mildew problems.
2. Electrical: An inspector will check your home’s wiring, testing how the outlets and GFCI perform to prevent any shocks or potential electrocutions. They will check your electrical panel to make sure it doesn't present a fire hazard.
3. Foundation: While the inspector usually can’t look at the foundation (because it’s underground), he or she can identify secondary issues brought on by foundation problems, such as cracks or settling.
4. Grading: If your grading doesn't slope away from the house like it should, the inspector will let you know. Moisture seeping into your home as a result of poor grading presents a danger to your foundation and the structure itself.
5. Garage or carport: The inspector will look at your garage door to make sure that it’s operating correctly and that it’s well-ventilated (prevents carbon monoxide poisoning in the garage).
6. Heating, ventilation and air conditioning (HVAC): An inspector will check your HVAC system to see that it functions correctly. Exposed ducts will be checked for leaks or asbestos (in case of Centralize AC/ Heating).
7. Plumbing: The inspector will check plumbing, including all faucets, shower heads and visible pipes, for leaks. He will also test the water pressure and the state of the main water shutoff.
8. Roof: Inspectors will check the roof for any potential damage or leaks into your attic. He or she will also check the vents and gutters for damage.
9. Walls: The inspector will look at your siding and check for missing or damaged pieces, cracks, or signs of pests underneath.

Is there going to be Price Drop in NCR Real Estate?

As there is been a steady fall in demand in Real Estate sector of NCR and the experts say there is an urgent need for correction in property prices. In fact, according to them, a slight drop in property rates could be expected in the next few months. But, all of it really depends on how much focused builders are upon moving out their inventory. The real estate sector has been affected by declining sales due to high prices and low demand. Currently, NCR builders could be having anything between 35% and 45% of apartments in cold storage, with Noida alone accounting for as many as 40,000 unsold units.

Experts say the sale of property in NCR is currently witnessing an all-time low in the last three years and so price correction is the only way out. However, NCR builders say they are loaded with pending dues for leasing charges of existing land. With low demand and construction and input cost on a steady rise, the chances of rate cuts are low. Most of the builders are saying that they would like to wait a bit and watch how market goes and then come to conclusion.