Property Inspection 101

Whether you are buying a homing, or getting a home prepared for sale, we always strongly recommend that you have the property inspected either pre-sale so there are no surprises to you, the seller, and to have one before you enter in a contractual agreement to purchase the property.

One thing that scares most homebuyers away is water. Although its true that most basements are conditioned to take on some moisture, you want to thoroughly check the land surrounding the property to check for a good slope in the land along with proper drainage. Water damage can lead to more costly repairs such as re-wrapping the foundation and dreaded mold build up. You want to make sure the property was built and landscaped to encourage water to move away from the home, and if is not, that it has proper drainage to deal with the issue of water.

The next line item often worries a lot of home purchasers, and that’s the roof. The roof holds a lot of the integrity of the home as it prevents water leaks and proper run-off for weathering. The age of the roof is one thing to consider, asphalt roofs usually last about 20 years while other styles may last as long as 40 years. Although  at quick glance you can observe any patching that has been done to an asphalt roof by taking notice of the layers of asphalt that have been laid, multiple layers of patching can be a sign of the end of life for an asphalt roof.

One of the other costly projects to keep an eye out for is the electrical system. It is pretty easy to take a look at the electrical panel and notice its out of date, those cylinder old-time electrical fuses are a sure sign that the system is outdated. You may also notice if the outlets are updated, and are not the old two prong outlets. Not only can old electrical be hazardous, though depending on the size of the home, re-wiring an entire home can be pretty costly to the purchaser, as much as 15,000 or more.

There are many more components to the home inspection that we haven’t touched, although these are some of the big line items to look out for while you are searching for a home to purchase, or if you are thinking about putting your home on the market and want to determine the value of repairs.

 

We hope this information was helpful, and if you or someone you know is looking to buy or sell real estate, please keep us in mind at Barhite and Holzinger.

 

Frank Morris

Licensed Real Estate Salesperson

71 Pondfield Road

Bronxville NY 10708

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