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Home inspections are a crucial part of the home-buying process, as they help to identify any potential safety or maintenance issues that might cost a pretty penny to fix down the road.. If you're ...
Once you understand why a home might fail inspection, you can better formulate a repair plan. Here are 15 common things that may come up and what you can do to address the issues.
Who is impacted: Appraisals are mainly between a buyer and the buyer’s lender — their main purpose is to ease the lender’s risk in relation to the loan amount — whereas home inspections ...
The majority of homeowners and potential home buyers do not know what home inspection is or that such a service exists. The way that home inspection is different in India [4] than in North America or United Kingdom is the lack of a government authorised licensing authority. Apart from the fact that houses in India are predominantly built with ...
Inspectors will collect the following information during an inspection, the age of the home to determine what building code was in place at the time of construction, the age of the roof, documentation to prove if the roof was installed to any certain building code, the types of roofing materials, the roof deck attachment, roof to wall ...
Physical depreciation is most familiar. As a structure ages, there is an effect on value. For example, buyers may reduce prices because they expect to make expensive replacements soon. Or in other cases, buyers expect higher utility expenses because they figure the property has older and worn insulation.
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