Friday, May 10, 2013

Real Estate Tips | Home Inspection Facts you Need to Know - Smith ...

Home inspections remain a hot topic in Tampa Bay Real Estate, both before and after transactions. But did you know that there are several different kinds of home inspections? And several different reasons to get them before you buy your Tampa Bay dream home?

In general, there are three sorts of home inspections: transaction inspections, new construction inspections and maintenance inspections. Transaction inspections are those that you must (or should) get before buying or selling a property. Maintenance inspections are not required but are generally a good idea to schedule from time to time.

  • Termite or pest inspections are conducted prior to a home sale to protect the potential buyer from any potential unseen damage to the property. Some termite damage may be obvious, but other damage can be more difficult to see.
  • Survey inspections determine property lines, easements and boundaries.
  • Appraisals help to determine real market value for lenders.
  • Title reviews protect the interest of the buyer, making sure the title is properly owned and free of any ambiguity or encumbrance.
  • Structural inspections examine the property for any physical defects that might lead to expensive repairs or renovations.

In some cases, the buyer need not be present during an inspection. However, when it comes to structural inspections, it is best for the prospective buyer to be there. While the home inspector will prepare a comprehensive report, this is also a good opportunity for the potential buyer to ask questions about the mechanics and structure of the property.

New construction inspections often happen in three phases during the construction process. Slab inspection happens just after the forms have been removed from the foundations. Slab inspections include the footings, foundation walls, surface prep, vapor barriers, rebar, contouring and grading.

Phase 2 (framing) inspections are completed prior to the drywall installation. Inspections in this phase include plumbing, electrical, ductwork, roof structure and roof surface.

The third phase of a new construction inspection is the final inspection. This inspection takes place just prior to the buyer signing with the builder. In this phase the inspector should perform a thorough visual examination of both the interior and exterior of the property. The idea is to create a final deficiency or ?punch? list of any items the builder must fix before closing.

Maintenance inspections are designed to catch potential problems before they become big problems for a homeowner. Anything you build can deteriorate, and it is a great idea to have a full maintenance home inspection conducted at least every ten years in your home.

  • Roof and attic
  • Interior and exterior of home
  • Major systems (electrical, plumbing, AC, heat, etc.)
  • Appliances
  • Foundation
  • Walls, floors, ceilings and other surfaces

No matter what sort of inspection you need, be sure to hire a licensed, professional inspector. If you?re having trouble finding one, feel free to ask your Tampa Bay Real Estate Professional for a recommendation. We work with them frequently and know who you can trust!

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Source: http://www.smithandassociates.com/blog/2013/05/real-estate-tips-home-inspection-facts-you-need-to-know/

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