inspections

Apache is functioning normally

Getting tenants settled into your property is about more than signing the lease and setting a move-in date. One key component, that doesn’t involve a lot of paperwork, is the property walkthrough.

Ideally done before anyone moves in, and then once again after they move out, this is the time for everyone, landlord and tenant alike, to take note of the state of the property.

Because it’s important to check everything, having a rental walkthrough checklist is a big help. Don’t rely on your tenants to bring one with them — protect yourself and your property as a landlord with one of your own.

When to do a rental walkthrough with your tenant

There are two times when you should do a walkthrough of your property — right before new tenants move in and immediately after they move out. Keeping both inspections on the same rental walkthrough checklist will enable you to see exactly how well your tenants took care of the property.

The pre-move-in walkthrough helps you take note of starting conditions within the home. You’ll note damage that’s already there, if any. Then see whether things worsen beyond normal wear and tear once your tenants move out.

Keeping the results of each walkthrough on the same checklist makes it easier to notice these changes. If the doorframe to the bedroom was in pristine condition before move-in but is full of sizable scratches after move-out, you know it’s something you can charge your tenants to repair.

Thankfully, with a security deposit from your tenants, it’s easy to manage the reimbursement for the repair without having to wait on funds.

How to do a rental walkthrough

Rental property walkthroughs should occur with your tenant(s). This is an opportunity for both of you to protect yourselves against paying for damages you’re not responsible for. Your tenant won’t want to get charged for issues already present in the home, and you don’t want them to contest a repair you believe should get covered with their security deposit.

Once you schedule a time with the tenant, come prepared with your own landlord walkthrough checklist. Your tenant might have one as well, but let them know that your copy, which you’ll both sign off on, will go into your files.

As you walk through and observe, take notes, pictures and video to document all conditions that are less-than-normal in the home. Make sure you note the things your tenant notices as well as what you see yourself. It’s best to put all the information right onto the checklist so everything is in one place. The pictures can then provide additional evidence should it become necessary later on.

Follow these steps to ensure you complete a thorough walkthrough. You can also jump ahead to download our rental walkthrough checklist.

1. Inspect certain items in every room

No matter what room of the rental you’re in, there are certain areas you should always inspect. Most of these suffer from normal wear and tear so take that into account as you go.

You can note small, common imperfections, but only take detailed notes when there’s a significant issue. If, for example, the previous tenant left a huge hole in the wall from a heavy mirror they hung, make sure to write that down (and make time to fix it).

In general, you should look at the following in each room:

  • Floor
  • Walls
  • Ceiling
  • Doors
  • Windows, screens, window frames
  • Light fixtures
  • Outlets and switches
  • Lightbulbs

Make note of anything you can fix or replace immediately and offer to take care of that before the tenant moves in if you can. When you do so, go back to your rental walkthrough checklist and cross it off as an issue.

2. Check for safety

In rooms where it’s relevant, you’ll also want to check the safety equipment in your rental property. That means testing the smoke detectors and checking to ensure any fire extinguishers haven’t expired. This should also be something your tenant is particularly concerned with, since having all the safety equipment in working order directly impacts them and their stuff.

3. Test the plumbing

In bathrooms and kitchens, make sure to look for leaks and water damage while also testing that facets and toilets all work. Inspect tubs and sinks to make sure there aren’t any oversized cracks or chips present as well.

If your rental property has a hose hook-up outside, it’s best to look at that too. Whether or not you have a hose there, test the faucet to make sure it works and doesn’t leak as well.

4. Turn on/off appliances

While you’re in the kitchen, test all the appliances with your tenant present. Turn everything on to show them how they work, but also that they work. This includes the stove, oven, microwave if there is one, dishwasher, refrigerator and washer and dryer.

5. Open cabinets and drawers

Since wear and tear can happen anywhere, check cabinets and drawers by opening and closing them all. Make sure pulls and handles are still firmly attached and hinges are working properly. Everything should close all the way and not look like it’s about to come loose.

While you’re opening these all up, you should also make sure drawers, cabinets and closets are empty. Remove anything you might find, although you don’t have to write that on the checklist.

6. Make note of any unique features to your property

If your rental property has any unique features like stairs, a backyard, garage, deck or balcony, make sure they’re a part of your walkthrough as well. Note any issues found in those areas and check to make sure everything is nice and safe.

Downloadable rental walkthrough checklist

There’s a lot to cover when doing a walkthrough of a rental property. Download this checklist to help you stay focused and not miss anything. Take detailed notes, then have you and your tenant(s)s sign off on the document. This ensures you agree with the condition of the property at the start, and conclusion of the lease.

A perfect rental walkthrough

Conducting a thorough walkthrough of your property both before a tenant moves in and after they move out gets everything noticed. However, it may not be the only time you need to give your property a once-over. Don’t discount a mid-lease home inspection should you suspect any issues with your tenants. This lets you make repairs as necessary instead of waiting until the end of a lease term.

No matter how often you need to break out your handy rental walkthrough checklist, a careful eye and attention to detail will help you maintain your property. It also makes it easier to properly assign repair charges where they’re due.

Categories: Landlords

Source: rent.com

Apache is functioning normally

When embarking on the exciting journey of buying a new home in Washington, there’s a crucial step that should never be overlooked: the home inspection. A home inspection is a complete assessment of a house’s condition. Whether you’re buying a house in Tacoma or hunting for homes in Spokane, a thorough inspection can mean the difference between a smooth transition into your dream home and unexpected post-purchase challenges. That’s why we reached out to Washington home inspectors to get their best insights. Here’s what they had to say.

Why should you get a home inspection in Washington?

“Every home has its quirks, but some are more consequential than others,” says Isaac McPhee of Strong Foundations Home Inspection. “In any real estate transaction, one of the most important questions is whether the home has any hidden surprises waiting to cost the buyer (or seller) significant amounts of money. Home inspections exist to shine light on the home’s true condition, to limit potential surprises, and to provide peace of mind. As inspectors, we exist to provide peace of mind, and it’s hard to put a price on that.”

Homeowners often overlook seemingly minor cracks and defects. According to Matt Johnson of INW Home Inspection, an experienced home inspector will investigate these further. He adds that around 5% of the time, what may seem like a minor problem, reveals a structural issue. 

“A home inspection is the best way to ensure that you have all the information you need to make an informed decision on your prospective home,” says Hunter Taylor of Centurion Home Inspection.

Are there any specialized inspections that Washington buyers should consider?

While a standard home inspection is typically advised for all homebuyers, prudent purchasers take extra care by arranging for specialized home inspections, particularly for older properties or those with unique attributes. Covering everything from the roof to the foundation, there are a variety of specialized inspections worth considering before finalizing your home purchase.

“A thorough home inspection including an infrared scan of the critical areas is essential to understanding the condition of the home you are investing in,” says Gregg Spear of Spear Home Inspection Inc. “Adding a sewer scope can help identify unknown defects in the building sewer line that could become a future problem for you.” 

In addition, Gal Zamir of AirGanic recommends getting your insulation inspected. “We highly recommend having a dedicated inspection for Insulation levels throughout the crawl space and Attic and a detailed HVAC system inspection, this will allow you to have a full understanding of your potential home energy consumption and Indoor air quality levels.”

“Consider requesting a separate sewer scope during your home inspection, as it’s not usually included,” says Carmin Dalziel of Dirt Cheap Sewer. “Overlooking sewer problems could lead to significant post-purchase costs. Opting for a camera scope of the sewer system helps you make well-informed decisions before buying.”

Lindsey Smith of Top Notch Home Inspection says that you should choose an inspector with a structural pest inspection license. “Given the state’s climate and potential pest challenges, this license ensures that the inspector is qualified to identify and address any pest-related issues alongside general structural concerns,” Smith says. “This dual expertise will provide you with a comprehensive assessment of the property’s condition, aiding your decision-making process and potentially preventing future financial burdens.”

Are home inspections required in Washington?

In Washington, home inspections are not legally required by the state for the sale of a property. However, they are highly recommended and often considered a prudent step in the home buying process. A thorough inspection can uncover potential issues that might not be evident during a casual walkthrough, helping buyers make informed decisions about the condition of the property.

How much does a home inspection cost in Washington?

The cost of a home inspection in Washington can vary based on factors such as the size of the property, its location, and the specific services offered by the inspector. On average, home inspection costs in Washington typically range from around $200 to $600. It’s important to remember that while cost is a factor, the quality and thoroughness of the inspection are equally important considerations.

Can you sell a house in Washington without an inspection?

Yes, you can sell a house in Washington without a formal inspection being legally mandated. However, it’s worth noting that many buyers in the state often request or expect an inspection as part of the due diligence process. Opting for a pre-sale inspection before listing your home can provide you with a better understanding of its condition, potentially allowing you to address any issues upfront and present the property in a more favorable light to potential buyers.

Tips for getting a home inspection in Washington 

“Before a home inspection, it’s essential to invest time in researching reputable and experienced inspectors,” says Liberty Inspection Services. “Check reviews, seek recommendations, and confirm their licensing and certification. Understand that an inspector evaluates visible areas, but hidden issues might demand additional investigation. If feasible, join the inspection to directly comprehend the property’s state and potential concerns.”

Andy Sanchez from Inspect NW says to always make sure your inspector is licensed. “The WA State Dept of Licensing has Standards of Practice set forth for licensed home inspectors. These are guidelines that basically state what inspectors are required to inspect. Also, make sure you attend the inspection if you can. This allows the inspector the opportunity to convey their findings in a manner that you will be able to understand when you are reading the final report. Also, ask questions; if you think of anything concerning to you prior to the inspection write it down.”

“Using a home inspector referred by your broker can present a potential conflict of interest,” says Lawrence Karwoski of Advanced Inspection Services Inc. “While your broker may have good intentions, it’s important to remember that their primary goal is to close the deal, which might influence their recommendation as they typically have experienced many inspectors. To ensure an unbiased inspection and accurate assessment of the property’s condition, it’s generally recommended to find and hire your own independent home inspector. This way, you can be more confident that the inspection report will be impartial and thorough, without any potential pressures or biases that might arise from using a recommended inspector.”

Washington home inspections: the bottom line

Buying a home is a major decision. Before you commit to purchasing your dream home, taking the step to have a thorough Maryland home inspection can provide invaluable peace of mind. By identifying potential issues and ensuring the property’s condition aligns with your expectations, this inspection adds an extra layer of confidence to your investment.

Source: redfin.com

Apache is functioning normally

Just as every corner of the U.S. boasts its distinct charm, it also presents a unique set of challenges for potential homeowners. Whether you’re eyeing a home off the warm shores of Orlando, Florida, and the potential of underlying damage from hurricane seasons, or setting your sights in a picturesque house in Katy, Texas, where foundational concerns often take the spotlight, being well-prepared is paramount. 

Navigating the realm of home buying can be both exciting and daunting, especially when it comes to the Lone Star State. Before taking the plunge into homeownership, one essential step that can’t be overlooked is a comprehensive home inspection. Consulting with seasoned professionals who are well-versed in the region’s nuances is key to understanding the potential pitfalls that may lie ahead. In Texas, a state known for its diverse geography and climate, home inspectors have encountered a range of issues that warrant careful consideration. In this Redfin article, we delve into some crucial tips and aspects to watch out for when it comes to a home inspection in the vast expanse of Texas. From foundation worries to pest problems, here are five things to look out for to help you  safeguard your investment in the Lone Star State.

1. Cracking soil

“Cracking soil is a big problem in the Summer because the dry environment is impacting foundations. The expansive soils along the coastal region can expand and contract as much as 10%. That may not seem like much until you look at the entire footprint of the house: 10% can cause soil separation and structural damage,” warns Grace Home Inspection Services

“However, don’t start by calling a foundation repair contractor. The first thing you should do is carefully water your foundation. Many of the problems may be eliminated by this alone. After the return of rain and the saturating of the parched soils, you may find it worthwhile to continue watering while monitoring your foundation and the house for changes.”

Courtesy of Grace Home Inspection Services

2. Mold and rot 

“The most, or rather the easiest thing, is to just use your nose. Things like wood rot have a very distinctive smell, and mold also has a very distinctive smell. Once you know those smells, you can identify wood rot the moment you put your head in a crawlspace. It’s at that moment you just have to figure out where it is,” says Advanced Home Inspections. “Additionally, the most common place where we find water damage is where decks are attached to the house. So, it’s always a good idea to keep an eye on that area, knowing that it’s a potential failure point.”

3. Weather changes and pest problems

“Weather conditions like hurricanes and flooding directly impact our region. Coastal homes face higher risks due to their proximity to the coast. We inspect for signs of previous flooding and assess wind-rated certifications in certain counties,” shares Before You Buy Inspection Services.

“Periodic flooding is a reality we deal with. While most flooded homes are properly restored, it’s worth noting that some opportunistic and less reputable companies tend to surface after natural disasters, providing subpar quality in their repairs.

Pest infestations and termite damage, prevalent in our Gulf Coast area as well, warrant specialized inspections. Leaks and indications of insects should be addressed.”

Courtesy of Before You Buy Inspection Services

4. Foundation issues

“Living in the Gulf Coast Area of Texas comes with its own set of challenges, and among them, foundation problems and termite infestations stand out. Our unique soil and climate conditions create an environment that’s conducive to the development of these issues,” notes AM Solutions LLC.

“One unmistakable sign of potential foundation problems is the separation along the brick veneer expansion joint. Similarly, a termite tube—typically found on the foundation grade beam—serves as an indicator of potential termite infestation. These signs are crucial and require further evaluation by either a Licensed Structural Engineer or a Licensed Pest Operator before making any purchasing decisions.”

Courtesy of AM Solutions LLC

5. Identifying water damage

“Given the high humidity levels, floods, and occasional severe freezes such as those experienced in February 2021 that led to burst pipes, being aware of mold damage is of utmost importance, often remaining concealed,” recommends Dunn Inspection Services.

“Our examination includes an assessment of the exterior foundation. If the footing is low or the soil is high, and if the grade exceeds the siding or bricks, there’s a strong likelihood that mold is present within the structure. Additionally, termite damage is highly probable in such cases. In older homes, deteriorated moisture barriers in perimeter walls are common. We meticulously search for indicators like texture alterations, warped molding, and water stains on interior walls.

Modern residences with energy-efficient systems, such as sprayed insulation in attics and high-efficiency HVAC systems, can inadvertently foster conditions conducive to mold growth. I pay close attention to elevated humidity levels in these conditioned attic spaces and watch for telltale signs, like components of the HVAC system or ductwork showing rust. Inspect furnace filters closely and check the interior of the return for any signs of water marks or stains.

Always bear in mind that mold spores are both invisible and potentially toxic. While inspecting the property, rely on your sense of smell. Is there a musty odor? Do you notice an excessive number of air fresheners?

For peace of mind and to safeguard your family’s health, the wisest course of action is to engage a licensed and qualified consultant to conduct air quality testing for hidden mold before making a purchase.”

Courtesy of Dunn Inspection Services

Source: redfin.com

Apache is functioning normally

Buying a house in the great state of Oklahoma, such as in the beautiful cities of Oklahoma city and Tulsa, is an exciting and significant step for homebuyers, but it comes with its fair share of complexities, particularly when it comes to understanding the ins and outs of home inspections. Ensuring a thorough home inspection is crucial when you’re in the process of purchasing a property in Oklahoma. This Redfin guide aims to shed light on the importance of home inspections in Oklahoma and provide valuable expert insights for potential homebuyers. Let’s delve into the key aspects you should consider.

Why should you get a home inspection in Oklahoma?

Getting a comprehensive home inspection in Oklahoma is a vital step for several compelling reasons. As perhaps the largest investment you’ll make in your lifetime, a home demands careful assessment to guarantee a sound investment. A home inspection holds immense value. Not only does it allow you to identify potential issues within the property, but it’s also a means to uncover critical safety hazards that could affect you and your loved ones. Moreover, a skilled home inspector can guide you on essential maintenance tasks, ensuring the longevity and efficiency of your home’s systems.

Are there any specialized inspections that Oklahoma buyers should consider?

There are certain specialized inspections that buyers should consider. For instance, Oklahoma homes built before the 1950s were painted with lead based paint. If you happen to be buying an old house a lead paint inspection becomes imperative. This inspection reveals areas with lead paint, allowing you to take necessary precautions during future renovations. You should even consider evaluations for radon and termite infestations.

Are home inspections required in Oklahoma?

While not mandatory, obtaining a home inspection in Oklahoma is highly recommended, especially for the buyer’s peace of mind and financial protection. While the state doesn’t impose a requirement for home inspections, certain lenders might stipulate it as part of the mortgage process. Regardless of whether you’re considering an existing home or a newly constructed one, a home inspection offers insights that can significantly impact your decision-making.

How much does a home inspection cost in Oklahoma?

The cost of a home inspection in Oklahoma varies based on factors such as the type of home, its size, foundation type, age of the home, and other various circumstances. Inspections for single-family homes might fall between $200 to $400. 

Can you sell a house in Oklahoma without an inspection?

Selling a house in Oklahoma without a home inspection is permissible. However, many buyers in the state opt for inspections as part of their due diligence process to ensure they have a clear understanding of the property’s condition. While sellers aren’t obligated to conduct pre-sale inspections, undertaking such inspections can help address significant issues that might deter potential buyers. Providing a comprehensive inspection report to potential buyers can also alleviate concerns and potentially influence their decision not to pursue an independent inspection. 

Expert advice for Oklahoma buyers before they get a home inspection

“An important factor I make sure to look for when inspecting a home is any foundation red flag, specifically red dirt,” says MK Home Inspections “In many parts of Oklahoma, the presence of red dirt and expansive soil is common. To identify potential foundation damage, it’s crucial to undergo a professional inspection before buying a home.”

“HVAC systems and water heaters have a relatively short life span in relation to a home (typically 11-13 years for an AC condensing unit and water heater). Furnaces tend to last longer (up to 25 years and longer). The old adage seems to hold true that, ‘they don’t make them like they used to.’ It’s not unusual for us to inspect a home with a 20 year old or older water heater and a Furnace as old as 40 years,” shares Home Run Inspections, LLC.

“Environmental concerns have added to HVAC costs as refrigerants (the lifeblood of the systems) are continually being replaced with more environmentally friendly versions. There are still a lot of HVAC systems out there with R-22 refrigerant, which is now north of $200 per pound if you can find it at all. Manufacturing of R-22 refrigerant stopped in 2010, so you will find it in equipment that is only 12 years old.  

Word to the wise, read your inspection report carefully. Pay particular attention to the age of big ticket items like the Water Heater and the HVAC. It may all be working fine on the day of the inspection and not show up as an issue in the report, but in the near future one or more of these aged systems may break down and become a big expense.”

Courtesy of Home Run Inspections, LLC

“Recently when inspecting a water heater I discovered that the Temperature and Pressure Relief (TPR) valve was plugged off. Likely an occupant with no knowledge of the purpose of the valve inserted the plug to stop a leak, unknowingly creating a safety hazard. I’ve reported on many (TPR) valves that were lacking discharge piping, this was the first one I’ve found with a plug,” says Highpoint Inspections.

“Water expands when heated which transforms into steam, which takes up more space. If this pressure isn’t adequately regulated and exceeds the tank’s capacity, the tank can burst, leading to an explosion. While the chance of a water heater exploding is low statistically, the potential for harm is significant, from property damage to serious injuries or even fatalities. A properly plumbed TPR valve stands as a sentinel, preventing potential overpressure disasters.”

Courtesy of Highpoint Inspections 

Oklahoma home inspection: the bottom line

Purchasing a home is a significant decision that warrants careful consideration. Prior to finalizing the purchase of your ideal home in Oklahoma, a thorough home inspection is your ticket to peace of mind. By ensuring that you’re well-informed about the property’s condition, you’re setting the stage for a confident and secure investment.

Source: redfin.com

Apache is functioning normally

Achieving the dream of homeownership takes on a unique flavor when set against the backdrop of the Sunshine State – Florida. Whether you’re drawn to the enchanting coastal allure of Miami Beach condos or the serene suburban vibes of Tampa, FL, houses, navigating the path to owning a piece of Florida paradise comes with its own set of considerations. From the annual dance of hurricane season to the nuances of local architecture and environmental factors, being well-informed through an indispensable home inspection is paramount before buying a home. 

Across Florida’s diverse regions, seasoned home inspectors have encountered an array of challenges that potential homebuyers should be aware of. In this Redfin article, we delve into six things to look out for when buying a home in Florida.

1. Regularly assess for mold

“For more than three decades, we’ve been serving the entirety of Florida. Our specialization lies in thorough mold assessments. Given the yearly exposure to hurricanes in our region, homes often experience significant water intrusion and damage from these storms. Unfortunately, some of these issues remain hidden until much later,” shares Inspection Services of Florida LLC.

“We collaborate closely with numerous customers who encounter respiratory problems. In such cases, we conduct assessments to determine if mold is the underlying cause. As a result of the history of hurricanes, we frequently uncover storm-related damage that was either left unaddressed or concealed, often due to house flipping.

Prior hurricanes have taught us a valuable lesson: comprehensive mold inspections are vital before purchasing a home. This step ensures transparency and helps safeguard your investment for the long term.”

Courtesy of Inspection Services of Florida LLC

2. Pest intrusion

“On one of my home inspections I observed a hole in an exterior stucco-covered foam trim board. As I continued my inspection I noticed a Woodpecker flying around the area. So I decided to remove myself a distance away to see what the bird was doing. It only took a few minutes when I saw a Woodpecker land at the entrance of the hole in the trim board. I realized what was happening, the Woodpeckers using its bill to find insects. In this case the material that the Woodpecker was pecking on was easy to penetrate and so it continued to burrow out an entrance into the trim material,” says RTS Inspections.

“Exterior grade cement coated (stucco) foam molding is made of Styrofoam or Polystyrene Foam, which can be fabricated into many different shapes. This product is used nationally in many climates. Foam is easy to cut into and shape as needed. Stucco covered foam trim is very beneficial as a source of insulation and as a decorative element around exterior surfaces of a home, like around windows and doors.

As with all structures, there is always a concern for potential animal intrusion. Animals are very good at finding ways to get into areas to build nests. Rodents for instance will jump off tree branches that are too close to the building and land on roofs. Once they land they search for gaps and holes to enter into.

When inspecting a home it is crucial to look for possible entry points around the house and report on those areas. The next step for the inspector is to observe areas inside the house that might be impacted by those entry points. In the case of this Woodpecker, the damages were limited to just the exterior trim board. In other cases, I have seen gaps in soffits and eaves where animals have penetrated and entered into attics. In the case of animal or pest infestation, a licensed pest removal contractor is recommended.”

Courtesy of RTS Inspections 

3. Storm impact

“Whether factual or mere folklore, the moniker ‘Lightning Capital of the World’ is a label frequently associated with Florida,” shares Sherlock Home Inspections. “Given the prevalence of storms in the region, it’s a nickname that holds some truth. However, with these climatic conditions comes a distinctive set of challenges, particularly in the realm of electrical systems. 

Take a close look at the copper wires shown below. While discoloration might typically arise due to oxidation, the distinct blue hue of these wires stems from a surge triggered by a lightning storm. Upon more comprehensive inspection, a host of additional issues were brought to light—underscoring the importance of addressing electrical concerns with precision and vigilance in a region renowned for its electrical intensity.

Courtesy of Sherlock Home Inspections

In a state prone to high winds and intense rainfall, addressing roof problems promptly is imperative. Florida’s climatic conditions make it imperative to identify and rectify roofing issues as soon as they arise. It’s crucial to recognize that even minor roof concerns can rapidly snowball into significant complications. Given this reality, securing the services of a knowledgeable Home Inspector becomes paramount. A seasoned professional who understands the intricacies of roofing systems can detect potential red flags, ensuring that minor hitches are nipped in the bud before they evolve into major complications. With the right expertise at your side, you can confidently navigate the challenges of maintaining a secure and resilient roof in Florida’s ever-changing weather landscape.”

4. Termites

“Florida is susceptible to termite problems due to its warm and humid climate, which creates a conducive environment for these pests to thrive. Termite swarms are a common occurrence in Florida during the warm and humid months. These swarms are often a sign of an established colony nearby, and they can be quite alarming to homeowners,” warns Next Step Inspections.

“The two most common termites are:

Subterranean: These are the most common and destructive type of termites in Florida. They build their colonies underground and create mud tubes to access wood above ground. They can cause significant damage to structures if left unchecked.

Drywood Termites: These termites infest dry wood and do not require contact with soil. They can be found in furniture, wooden beams, and other wooden structures. Their infestations can be hard to detect until significant damage has occurred.

We have found that if the wooden structures go untreated for long periods of time and these insects invade the wood, severe damage can impact the integrity and the structure. We have seen areas that are unsafe to walk in the attic due to significant termite damage. In cases where the damage is detrimental, a structural engineer or building contractor will review the damages to recommend the proper repair. 

Dealing with termites in Florida often requires professional pest control services. Regular inspections by experienced technicians can help detect infestations early and implement effective treatment plans. We recommend having a Wood Destroying Organism (WDO) Inspection when you are considering the purchase of a property. This inspection can help identify other issues the home inspector may not be qualified to include in their report.”

5. Polybutylene piping

“Polybutylene piping stands as a nightmare for both property owners and the insurance industry at large. As a solution for home re-piping, polybutylene piping emerged on the scene. It offered flexibility, ease of use, and cost-effectiveness during its time. While it had been in use since the 1970s, its popularity soared in the 1980s and 1990s. However, it was eventually discontinued in the mid to late 1990s due to its susceptibility to leaks,” informs Orlando’s Best Home Inspection. “The chlorine present in municipal water systems caused joints and piping to fail. Typically, the interior of the tube is gray or black, while the exterior can range in blue, black, or gray. The lettering ‘PB’ may also be visible, which is the clearest giveaway.

Presently, many homes still feature polybutylene piping, prompting insurance companies to mandate replacement with approved alternatives like PEX, CPVC, or copper piping.

In our practice, we thoroughly assess this issue during both our standard Orlando home inspection and our Orlando 4-point inspection. We frequently encounter cases where partial re-piping work has been carried out on visible portions of the supply system, only to find original polybutylene piping remaining in less accessible areas such as the attic. Correcting this problem is costly and presents a major obstacle in obtaining home insurance.”

6. Stucco cracks and waterproofing

“Most homes in SouthWest Florida feature exterior walls made of concrete block with stucco finishing. It’s common for stucco to develop hairline cracks over time. These cracks are generally not a structural concern as long as they are too narrow to fit a penny. If a penny can fit, it raises some cause for concern,” suggests Golden Rule Home Inspections.

“When cracks in the stucco follow the block pattern, it indicates excessive settlement in the foundation. Again, if these cracks are wide enough to accommodate a penny, they warrant attention.

The waterproofing of SouthWest Florida’s concrete block and stucco homes relies on painting the stucco. If a crack appears in the stucco, the waterproofing becomes compromised, potentially leading to water intrusion and subsequent mold growth. To address this, it’s recommended to repair the crack by applying a small amount of Mor-Flexx caulking or an equivalent product. After applying, gently rub it in with a sponge or foam paint brush to blend it into the wall’s finish, followed by painting the wall. Mor-Flexx boasts a mortar-like appearance that stretches like rubber, retaining its elasticity over the years.”

Courtesy Golden Rule Home Inspections

7. Insurance challenges and regional concerns 

“I think the biggest issue in Florida right now is insurance companies leaving the state. They have become very particular about roofs. Even though most asphalt shingle roofs last more than 20 years, they do not like roofs past 15 years old. Even in very good condition. This due to the losses coming from hurricanes in the recent past,” says Pillar To Post Home Inspectors.

“Insurance inspections need to be done on top of getting a thorough home inspection. 4-Point (Roofs, Plumbing, Electrical, and HVAC) Inspections are expected on homes 20 years old or older. Getting a Wind Mitigation Inspection, which is determining the home’s wind resistance, can save a lot of money on insurance costs.

Another thing I think is very regional to the state is mold testing. With the humidity in Florida, this is a common concern. Especially in homes that have been vacant, and the air conditioner is not turned on or set at 78 degrees or higher.”

Source: redfin.com

Apache is functioning normally

Navigating the intricate process of buying a home in Ohio can be both exciting and overwhelming. Among the crucial steps that potential homeowners must undertake, a comprehensive home inspection is one of the most important. In this Redfin article, we asked some of the top Ohio home inspectors for their best tips for homebuyers navigating the process. So whether you’re considering buying a home in Columbus or a house in Cleveland – keep reading so you can make informed decisions and embark on your homeownership journey with confidence.

Why should you get a home inspection in Ohio?

Getting a home inspection in Ohio is essential for uncovering potential issues that might not be visible during a casual walkthrough. It provides crucial insights into the overall condition of the property, enabling you to make informed decisions and negotiate effectively before finalizing a home purchase. By identifying potential problems early on, you can avoid costly surprises and ensure a smoother transition into your new Ohio home.

Michael Hazlett of Clarity Property Inspections recommends getting a home inspection even if the home is brand new. “You absolutely should have any newly purchased house inspected, even if it’s brand new,” says Michael.“We find significant issues even in new construction.”

Dan Schuerman of Schuerman Inspections adds, “With market pressures continuing to make it difficult for Ohio buyers to secure an accepted offer, many have chosen to waive the home inspection process to gain the advantage against multiple offers. This practice can lead to problems after the purchase.”

What specialized inspections should Ohio buyers consider? 

“Most inspectors offer a general home inspection. This includes the most visible items in the home,” says Steven Mathis of Gold Star Inspections. “From checking the electrical panel to checking the plumbing for leaks.” 

However, aside from the standard home inspection, specific situations might demand specialized inspections. If issues are suspected during the general inspection, your inspector might propose a specialized assessment.

Jim Wendle of JW Property Inspection recommends that homebuyers always get inspections for termites and radon. 

“Another great idea is to have the sewer pipe evaluated with a sewer camera, especially if it’s an older home, since it’s one of the costliest systems to repair or replace,” adds Michael Hazlett of Clarity Property Inspections.

Are home inspections required in Ohio?

While they aren’t necessarily required, it’s advisable that all homebuyers get one for financial and safety reasons. 

“Are home inspections required? No, but they should be,” says Todd Engle of Good Eye Home Inspections. “Too many consumers are getting homes without inspections, causing safety and harm to them and their families. I understand the need and desire for a home, but waiving home inspections should never be considered. There are too many health and safety issues that we find lurking in homes that need to be addressed by the seller.”

How much does a home inspection cost in Ohio?

The cost of a home inspection in Ohio can vary depending on factors such as the size of the property, its location, and the complexity of the inspection. On average, a standard home inspection in Ohio ranges from $200 to $500. However, this price can change based on additional services or specialized inspections that may be required, such as radon testing, mold assessment, or termite inspection. It’s advisable to contact local home inspection companies to get accurate quotes tailored to your specific needs.

Can you sell a house in Ohio without an inspection?

Indeed, in Ohio, there’s no legal obligation for a formal inspection before selling a house. Nevertheless, it’s important to recognize that numerous buyers in the state typically anticipate or ask for an inspection during due diligence. Choosing a pre-sale inspection before listing your home can offer insights into its condition, enabling you to proactively tackle any concerns and showcase the property more positively to potential buyers.

Expert advice for Maryland homebuyers

“Water is the enemy of your home, as it causes almost all the damage, says Chris Stout of CBS  Home Inspection. “Water can cause issues with mold, wood-destroying insects, premature deterioration of building materials, and plumbing leaks.  Maintaining proper grading and watershed around the exterior of a home and keeping all exterior cellulose-based materials and entry points into the home properly sealed will help prolong the life of your home.”

Ohio home inspections: the bottom line

No matter how old or new a house is, it’s important to identify issues that might otherwise cost thousands of dollars to fix down the road. An Ohio home inspection will do exactly that, saving money down the road and giving you one less thing to worry about.

Source: redfin.com

Apache is functioning normally

Buying a home is a significant milestone filled with excitement and anticipation. However, the process can also be intricate and overwhelming, especially when it comes to understanding the nuances of home inspections.

If you’re looking to buy a home in Baltimore, MD, the significance of a comprehensive home inspection cannot be overstated. A thorough home inspection not only provides valuable insights into the condition of a property but also offers peace of mind, so you can make informed decisions. In this Redfin article, we will delve into the importance of getting a home inspection in Maryland. Plus, we’ve got insights straight from local home inspection experts who’ll be sharing their best advice on the subject. Let’s get started.

Why should you get a home inspection in Maryland?

A house is likely the most expensive purchase of your life, and getting an inspection is the only way to ensure that you are making a sound investment.

“A home inspection is crucial and valuable for many reasons,” says Austin Callahan of Callahan Inspection Services. “Not only will it allow you to fully discover the issues your home may have, but it can also uncover some serious safety hazards that may affect you and/or your loved ones. A home inspector can also let you know what kind of things require routine maintenance to extend the life and efficiency of the systems in your home.”

“A home inspection should be a requirement for the future homeowner’s protection,” says Chris Lord, owner of Invision Home Inspections. “Invest a couple of hundred dollars now to protect thousands in the future. You are buying peace of mind and sometimes training if you participate in the inspection.”

Are there any specialized inspections that Maryland buyers should consider?

“Lead paint is common in Maryland, especially in homes built before the 1950s,” says Matthew Schelberg of Shell Home Inspections. “Builders would often use paint from the shipyards. If a buyer expects to have young children in the home, it’s a good idea to consider a lead paint inspection. This can tell you what components have lead paint, so you can take proper measures during future renovations.”

In addition to testing for lead paint, Dimitrios Bitsanis of OBSERVE Home Inspections recommends inspections for radon and termites.

Are home inspections required in Maryland?

“It is not required to get a home inspection in Maryland, but some lenders may require it,” according to Patrick and Natasha Hammond of 360 Home Inspections. “A home inspection is highly recommended for the buyer to ensure that you are purchasing a property you are comfortable with and is not going to put you in financial distress, whether it is a pre-existing home or a new build.”

How much does a home inspection cost in Maryland?

“The cost of a home inspection typically varies based on the type and size of the home, foundation type, and age,” says John Stavlas of Stavlas Home Inspections. “Plan to spend $350-$400 for a condo and $450-$600 for a single-family detached home.” 

Can you sell a house in Maryland without an inspection?

Yes, you can sell a house in Maryland without a home inspection. However, many buyers in Maryland opt to have one as part of their due diligence process to ensure they’re making an informed decision about the condition of the property.

Scott Donnelly of High Tech Inspections, Inc. adds, “Sellers do not need a pre-sale inspection in Maryland. However, having a pre-sale inspection allows you to address any major issues that may scare away a buyer. A thorough inspection report you can share with buyers may also help them feel more at ease and perhaps opt not to have their own independent inspection.”

Expert advice for Maryland buyers before they get a home inspection

“A good home inspection can be so thorough that you get cold feet when you review it,” says Daniel Sperling-Horowitz, CEO of OfferMarket. “That’s why we recommend reviewing the home inspection report with your real estate agent and a trusted contractor. We also encourage you to call the home inspector to go over any concerns. In a buyer’s market, the home inspection can also serve as leverage to request seller concessions to address legitimate concerns in the inspection report.”

For those who are unsure whether a full inspection is necessary, an inspector can do a basic walk-through of a home to identify any major red flags. “A walk-through is simply a one to two-hour visit to the property with the inspector, the client, and their agent,” says Neil Summers of Neil Summers Home Inspections. “This may be the only time the buyer can see the home through an inspector’s eyes before committing to purchase.” Summers stresses that even with a walk-through, buyers should always get a full home inspection.

Maryland home inspections: the bottom line

Buying a home is one of the biggest life decisions you can make. Before you finalize the purchase of your dream home, a Maryland home inspection will give you peace of mind before buying.

Source: redfin.com

Apache is functioning normally

‘It’s a bloodbath’: the UK homeowners on variable rate mortgages

As the cost of borrowing rises again, we speak to some of the 1.4m people on variable rates dreading the effects

  • Full story: Bank warns rates will remain high for at least two years
  • Analysis: tough-talking Bank raises rates and a few eyebrows
  • Explainer: interest rate rise: what it means for you

“It’s a bloodbath, that’s the way I’d like to describe it,” says John*, a father of two struggling with the ever-increasing interest rate on his home loan.

He is one of the 1.4 million people in the UK on a variable rate residential mortgage, who have watched the monthly payments soar after the Bank of England raised the base rate to a 15-year high.

After a 50 basis point rise last month, policymakers lifted rates again on Thursday by 0.25 percentage points, to 5.25% – leaving homeowners such as John having to find hundreds more pounds to cover future bills.

The software engineer, who lives in Slough, Berkshire, says this could leave him with no choice but to get a second job to make ends meet. He is looking into zero-hours options such as delivering for Uber Eats, so he can still spend some time with his family.

He is the sole earner, with an annual salary of £80,000, which he says had been comfortable, but the pressure of rate rises and the increasing cost of food and energy bills have made it hard to make ends meet.

There are a number of reasons why a homeowner may be on a variable rate. They may not have wanted to lock in to a fixed deal when rates were high, believing interest rates would drop.

Roughly half of those on such mortgages are on a tracker or discounted rate deal, which are directly linked to the base rate, with the remaining 50% on a standard variable rate. SVRs rise at the lender’s discretion, and most will go up, though not necessarily by the full rise implemented by the Bank of England.

Rising UK interest rates force homebuyers to take on longer mortgagesRead more

“When I took the variable rate I had no option because at the time Liz Truss was in office and fixed rates were not attractive at all,” John says, speaking before the latest increase.

“I was originally paying £1,400 when I took out the variable rate mortgage. I received a letter a couple of weeks ago and my new payment is going to be £2,770 … another interest rate hike or two will mean I have to get a second job, this is how bad it is. It’s not like it’s just the mortgage, it’s the energy prices; it’s the food prices that are still high.

“If there weren’t these interest rate hikes I’d say I’m making a very comfortable living. Even with that salary I’m finding it hard to survive.”

He is now on a 5.89% rate after speaking to his lender about his financial worries and securing a 3.3% discount. “Every day I wake up and I check what the analysts are saying [about interest rates] because this is the centre of my world right now.”

Sophie Mohamed, 38, had planned to sell her flat to move to a bigger home after becoming pregnant in March 2021. However, she is unable to sell the property in Bethnal Green, east London, until cladding inspections have been completed.

The TV producer secured consent to let out the two-bed shared ownership property but was able to get only a variable deal after her fix ended, meaning her rate has soared from 1.68% to 6.68% – and will continue to go up in line with the Bank measure.

The £1,500 rent she charges her tenants no longer covers the £900 a month mortgage on her 35% share of the property and the £800 service fee and rent on the portion of the flat still owned by the housing association. “It’s doubled in the space of around six months,” she says.

“I’m not somebody who bought that flat to become a landlord and let it out, I’ve been forced to become a landlord. I have good tenants in that flat but the rent that they pay no longer covers that mortgage.

“It’s very difficult because I don’t want to lose those tenants, I don’t want to be a landlord, I’ve got good people in there and I don’t want to jeopardise that relationship but I have my own home to pay for as well.

skip past newsletter promotion

“Essentially, I will have to increase their rent but if I do I risk losing them and that puts me in a difficult position.

“We’ve also had a baby so we’ve got childcare costs on top of that. So we’re both working and although our salaries aren’t bad salaries, because of the increases that have happened it is definitely more of worry.”

Liz*, a journalist, relocated from London to Cardiff last year for work, and she and her partner have also been unable to sell their flat in the UK capital or rent out it, because it is a shared ownership property.

As rates increased, so did her mortgage payments – from £810 a month to £1,147 – as did the rent and service charge she pays to the co-owner, a housing association, which comes to £850.

The mother of two says she and her partner have used up £20,000 of their savings and have had to borrow from parents to make ends meet, as they must also cover the rent on their home in Wales.

“We knew we were going to move and so when our mortgage came to the end of its term in May last year, we didn’t renew on a fixed rate, which is how we ended up on a variable mortgage,” she says.

“We were on a 1.45% rate until 30 April and on 1 May we moved to a standard variable rate, which is 3.49% above the Bank of England rate which took us to 4.24%. Our payments went from £588.65 to £810.19. It was already quite a big jump, if only it had stopped there.

“According to the latest letter from the bank, we have a rate of 8.49% from the 1 August. It was 7.99% before, which was £1,147.26.”

She was waiting for Thursday’s announcement with “trepidation, because every little rise is reflected in much higher terms for us”.

“It has wiped out our savings because we are double paying [the mortgage and to rent a home], it has literally wiped them out over the last year, and unless we can sell, we are getting in a more and more difficult situation.”

*Name changed to protect anonymity

Topics

  • Mortgage rates
  • Property
  • Mortgages
  • Banks and building societies
  • Bank of England
  • Interest rates
  • Economics
  • news
Reuse this content

Source: theguardian.com

Apache is functioning normally

The past year hasn’t been particularly good for tech or housing. As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Magazine list of the 5,000 fastest growing private companies in America declined in 2023. In all, 37 companies made the cut this year, down from 53 a year ago.

The self-reported list ranks U.S. based firms on percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. The minimum revenues required are $100,000 for 2019 and $2 million for 2022.

The fastest-growing housing tech firm in 2023 was OptiFunder, which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%. It was ranked the 98th-fastest growing private company in America in 2023.

Transactly, a real estate transaction platform that provides automation, integrations and tech-enabled services that significantly reduce process time, placed 126th in 2023. Another Missouri-based company, Transactly had a three-year growth rate of 3,852%.

Also appearing in the top 200 list was CertifID, an Austin, Texas-based company that makes software to cut down on wire fraud in the real estate industry. The company, led by Tyler Adams, raised $12.5 million in a Series A funding round in 2022.

Interestingly, none of the top three companies on the 2023 list made the cut in 2022. But several well-established housing tech companies made consecutive appearances in this year’s Inc. 5000 edition.

Homelight, a platform for homebuyers and sellers, was No. 403 in this year’s ranking with a 1,444% three-year growth rate. The company was ranked 351 last year.

LoanStar Technologies, which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. The company was No. 469 in this year’s ranking, up from 958 last year. Its three-year growth rate was 1,241%.

Mortgage origination platform Maxwell, which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. 658 in the 2023 Inc. 5000 list.

Other established names to make the Inc. 5000 list in 2023 include home equity investment firm Point; co-living platform PadSplit; one-time unicorn Orchard, which operates a digital home buying and selling marketplace and was a 2023 HW Tech 100 award winner; single-family investment property marketplace Roofstock; RentSpree, a rental software platform that connects real estate agents, owners and renters; Curbio, one of leading tech-enabled pay-at-closing home improvement solutions; EasyKnock, a real estate firm that offers homeowners a way to access their home’s equity using a sale-leaseback program; and New Western, a marketplace that serves over 150,000 real estate investors across the country.

Two companies on the list have been on the Inc. 5000 list an impressive five times: Total Expert, which offers CRM and data-driven customer engagement solutions, turning customer insights into actions to increase loyalty and drive growth; and FirstClose, a tech solution provider for HELOC and home equity lenders.

Here’s the complete list of tech firms:

Rank Company Growth (3-yr Avg.) Year Founded Description
98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process.
126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time.
193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry.
403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers.
469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked.
487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes.
497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals.
510 PadSplit 1,152% 2017 Creator of a co-living market platform enabling workers to live in the communities they serve.
533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals.
545 BatchService 1,081% 2018 A real estate data and SaaS provider using real-time intelligence to help businesses identify opportunities.
658 Maxwell 890% 2015 Digitizes the mortgage-origination process for small to midsize banks, credit unions, and independent mortgage lenders.
678 TriusLending 869% 2003 A mid-Atlantic real estate investment firm and financing lender focused on short-term private lending and long-term rental loans.
744 Point 791% 2015 Home equity investment firm that has enabled more than 10,000 homeowners to unlock their home’s equity without additional monthly expenses.
769 InstaLend 766% 2015 A tech-enabled real estate loan lender providing fast and affordable capital to residential developers through streamlined technology and automated workflow.
933 Coviance 630% 2015 Cloud-based financial firm enabling lenders to scale home equity loans and deliver a clear to close for borrowers in hours.
984 Orchard 602% 2017 Making home buying and selling stress-free, fair and simple with a focus on helping homeowners unlock their equity.
992 RentSpree 598% 2016 Rental software platform that connects real estate agents, owners and renters to simplify the rental process from listing to lease.
997 American Mortgage Mortgage 594% 2019 A 100% employee-owned company providing solutions to mortgage industry challenges, which benefit clients and employees.
1,032 Realync 575% 2013 A real estate video engagement platform unlocking authentic experiences that connect and convert across the prospective renter and resident lifecycle.
1,068 Fund That Flip 555% 2014 An end-to-end real estate investing solution for serious, experienced investors, including Saas products and financing for residential redevelopers and builders.
1,375 Roofstock 425% 2015 End-to-end investing platform for the single-family rental home sector providing integrated, data-driven technology and curated investment recommendations for investors.
1,403 SavvyMoney 417% 2009 A leading provider of credit score solutions, serving over 1000 financial institutions by combining real-time data with digital personalization tools.
1,467 Curbio 393% 2017 Helping real estate agents prepare homes before they go to market so they sell quickly and for the best price.
1,486 Yoreevo 386% 2017 Offering streamlined, stress-free home shopping by providing a technology-driven approach executing transactions more efficiently and saving customers money.
1,522 MIOYM 377% 2008 Real estate firm that identifies and rehabilitates distressed single-family residential properties, later selling them to first-time home buyers nationwide.
1,532 EasyKnock 375% 2016 Real estate firm offering homeowners an innovative way to access their home’s equity using a sale-leaseback program.
1,588 Leverage Companies 358% 2019 Real estate investment firm that uses a proprietary, data-driven platform to source premium opportunities for investors.
1,943 EmpowerHome 289% 2006 A partner to real estate teams and agents, offering exclusive programs to ensure sellers get top dollar for their properties.
1,971 Mobility Market Intelligence 285% 2010 A market leader in data intelligence and market insight tools for the mortgage and real estate industries.
1,985 Keeping Current Matters 282% 2007 Helps real estate agents save time and build confidence with easy-to-deliver marketing content powered by the latest market insights.
2,669 LodeStar Software Solutions 197% 2013 Firm offering software that saves mortgage lenders and professionals time and money by automating their closing cost disclosure.
2,824 MoxiWorks 189% 2012 Firm offering cloud-based, real-estate-productivity technology helping brokerages and agents thrive in the residential real-estate space.
2,936 Lender Toolkit 179% 2015 Provider of automated, innovative and comprehensive AI-powered mortgage technology solutions that streamline the mortgage origination process for mortgage lenders.
3,370 Total Expert 149% 2012 CRM and data-driven customer engagement solutions for financial institutions, turning customer insights into actions to increase loyalty and drive growth.
4,105 FirstCloseFirstclose. 110% 2000 Technology solution provider for HELOC and home equity lenders nationwide, helping lenders increase profitability and reduce cost.
4,196 NewWestern 106% 2008 Real estate marketplace that connects more than 100,000 local investors looking to rehab houses with sellers.
4,423 Down Payment Resource 96% 2008 A technology provider helping the housing industry connect homebuyers with homebuyer assistance, to make affordable home financing opportunities more accessible.
Source: Inc. 5000 – 2023

Additionally, two appraisal firms were named to the Inc. 5000 list in 2023: Kairos Appraisal Services, a national appraisal management company implementing technology to expedite the appraisal process through data, geocoding, scheduling and interactive communication tools. Kairos was No. 1,283 on the Inc. 5000 list with a three-year growth rate of 457%. Miami-based Marketwise Valuation Services, another AMC, was No. 2,629 overall with a three-year growth rate of 205%.

Rank Company Growth (3-yr Avg.) Year Founded Description
1,283 Kairos Appraisal Services 457% 2015 National appraisal management company implementing innovative technology to expedite the appraisal process through data, geocoding, scheduling and interactive communication tools.
2,629 Marketwise Evaluation Services 205% 2017 Appraisal management company for the lending industry, dedicated to providing the highest quality appraisal management services and property condition inspections.
Source: Inc. 5000 – 2023

Sarah Wheeler compiled the list.

Source: housingwire.com