Whether you’re buying or selling, the basis of your real-estate transaction depends heavily on the foundation of the home. Be prepared for the home foundation inspection and buying/selling process with these tips: Information about the importance of Foundation Inspections can be obtained by clicking at http://www.emmasnookandgranny.com/the-importance-of-foundation-inspections/
Home Inspection Tips for Sellers
A seller can expedite the home inspection process if he follows the under mentioned tips. If these suggestions are followed then it will result in smoother inspection and less number of concerns to solve before the closing.
1. Check that air filters (HVAC) fit in properly.
2. Clean out wood, stored items & debris kept near the foundation as home inspector may term it as ideal location for growth of termites.
3. Check that electric, gas & water services are running. Additionally, make sure that gas pilot lights are properly burning.
4. Avoid getting light inoperable report by changing burned out electrical items such as bulbs.
5. Get rid of dead batteries so that they do not create problems during smoke tests and carbon monoxide detection.
Here are some helpful things to remember:
• A good foundation repair company can typically complete a repair within 1-2 days.
• The best way to avoid last minute closing problems is to have the foundation inspected before you put the house on the market. A local foundation repair specialist will be happy to provide you with a no cost evaluation and assessment.
• FHA/VA and conventional loan approvals are no problem when the foundation is properly repaired and backed up by a lifetime warranty (always check to see if your contractor offers a lifetime transferable warranty)
• If you are owner financing the sale, you may sell the property without foundation repairs as long as you disclose what you know about the foundation. Homes that need foundation repairs generally sell at a discount far below the cost of repairs.
Read your Home Inspection engineer report very carefully. Foundation settlement is a structural concern and can diminish the value of any home. If there is the slightest indication of a foundation issue, call a local, trusted foundation repair contractor for assistance. A reputable contractor will give you a fair and honest assessment of the property.
Examples of some of the warning statements in a home inspection report:
• Fascia/trim separation
• Windows difficult to open
• Caulk separation at windows or doors
• Recommend contacting a foundation repair contractor
• Some evidence of settling was observed
• Foundation movement may exceed FHA/VA standards
• Cracking of floor slab noted
• Cracks in brick/floor/wall/ceiling
Don’t be fooled by a home inspection report, which is typically written in more general terms and may occasionally gloss over foundation problems. Remember that the home inspector’s role is to report on the general conditions of a home not provide a structural report. To read further information about foundation problems, click here.
Many will just think that this home inspection may not be so essential while purchasing a house but indeed it is really not so. Home inspection was very important for the safety of your family as all the components, systems, structure,appliances & installations are inspected thoroughly to ascertain they are working properly. By having a home inspection you will make sure that the house is safe your family to live in and you are paying the right price for the house.