For home sellers, the home inspection can be like a scene from a reality television show. Strangers arrive at your front door and dive into every nook and cranny of your personal space. For hours on end they open closets, crawl through your belongings, turn on every faucet in the house, flush toilets, fire up your oven and run your washer, dryer or any other appliance they can find. Then, they climb your roof, wander through your basement and seemingly trounce over every square inch of your yard. Your challenge, as the contestant in this show, is to remain pleasant, cheerful and completely accommodating while these personal invaders tear through your home.
But if you survive the harrowing ordeal without blowing a fuse, the payoff can be big: a windfall of hundreds of thousands of dollars from the sale of your home.
According to a joint study by the American Society of Home Inspectors (ASHI) and the National Association of Realtors (NAR), nearly four out of every five homes sold in the nation are evaluated by a professional home inspector before they are sold. Hired by the home buyer, home inspections are designed to protect the buyers from investing in a home that turns out to be a real life money pit. NAR reports that Realtors recommend buyers get a home inspection nearly 99% of the time. Most buyers heed that advice, requesting home inspections in 84% of all transactions.
For sellers, understanding the home inspection process and preparing your home for the inevitable evaluation not only helps to ensure that the transaction goes through, but can often translate into getting a top-dollar selling price as well.
How It Works
Nearly all purchase contracts for homes sold today include a home inspection contingency clause, a provision to allow the buyers to hire a profession home inspector of their choosing to thoroughly evaluate the home for any major problems.
Once the contract has been signed, inspections usually happen quickly. After an appointment is made with the seller, the home inspector arrives with buyer in tow, and goes through the entire house. Typically, a home inspection will take two to three hours and include a check of the home’s structural and mechanical condition. But besides the structural and mechanical inspection, home inspectors may also do tests for radon gas, check for wood destroying insects, or perform other services requested by the buyer.
Since 1976, home inspections have been standardized by the nation’s leading home inspector association, the American Society of Home Inspectors . Also known as ASHI, the Society’s “Standards of Practice” dictate what must be inspected and how far home inspectors need to go to report those findings.
According to ASHI, a basic home inspection includes an evaluation of 10 different areas of the home: structure, exterior, roofing system, plumbing system, electrical system, heating system, air conditioning system, interior, insulation and ventilation, and fireplaces.
Within these areas, ASHI’s Standards of Practice details what inspectors must look at, as well as what may be excluded, from the inspection.
For example, when inspecting the roofing system, inspectors must evaluate the roof shingles, gutters, flashing, skylights, chimneys and other penetrations like plumbing vents. However, an inspector is not required to inspect a roof antenna, or to look inside chimneys that may not be readily accessible.
When the home inspection is complete, the inspector will issue a report to the home buyer detailing what was found. Inspectors will report on problems needing immediate attention, as well as conditions that can lead to more serious defects down the road.
Keep in mind that only ASHI members are required to follow these strict guidelines. However, some states also require licensing to become a home inspector, which carries with it its own set of requirements of what to inspect. Even so, many states have adopted ASHI’s standards and its Code of Ethics as the benchmarks of professional performance. At present, at least half of all states require some sort of regulation, ranging from a simple registration to a comprehensive programs requiring testing and experience, and mandate stiff penalties for inspectors that make serious mistakes.
So Now What?
What happens next is usually detailed in the home inspection contingency clause. Typically, there will be additional negotiation between buyer and seller if problems are found. In most cases, the difference between what a buyer expected going into the transaction and what was actually uncovered by the inspection, defines the scope of what they might ask the seller to fix.
For example, the home buyers may have known the roof is old, so a report detailing a roof in need of replacement might not raise eyebrows. However, if they expected to get through their first winter without buying a brand new furnace, which turns out to be needed, home sellers can expect a request to toss one into the transaction.
In a best-case scenario, resolving these disputes is best done by sharing the expense. After all, the seller didn’t promise a home with a brand new furnace and the buyer wasn’t expecting to go 20 years without replacing the existing one. Splitting the cost in a case like this is a fair and reasonable way to resolve the issue.
Dress for Success
Most home sellers don’t think of themselves as fierce competitors in a market of high-priced products. But make no mistake, if your home is on the market, you are. Homes are a high-priced commodity and in any given city, there are hundreds from which buyers can choose. The best way to make certain your home attracts buyers and the highest possible sales price is to make sure it’s “dressed for success,” both inside and out.
A fresh coat of paint and some new landscaping may seem like obvious first steps in prepping your home for sale, but when it comes to the home inspection, there’s much more to do.
Start outside repairing minor things like loose steps, disconnected gutters and rotted trim. Look, with a critical eye, for anything that’s been neglected and needs repair, like a rotted windowsill or missing roof shingle. A pair of binoculars is a good tool to use for the roof review. Besides missing shingles, look for loose metal flashing around chimneys and plumbing vents, a common cause of leaks.
Inside the home, give your mechanical systems an honest assessment. If your heating and cooling system hasn’t been recently inspected and serviced, do it now. If you are aware of any minor plumbing or electrical repairs that need to be done, get them done way before the home inspection takes place. Leaky toilet fill valves, drippy faucets or electrical outlets that don’t work might seem minor, but fixing them now not only means you’ll have less to worry when the inspection is done, it also shows both the inspector and the buyers that you’ve taken good care of your home.
What’s Good for the Goose is Good for the Gander
If you can afford it, one of the smartest things you can do to get your home ready for sale is to hire your own home inspector to go through it before it goes on the market. Doing this will provide several distinct advantages.
First, it is likely to avoid “surprises,” like when the buyer’s inspector proclaims your electrical panel needs to be replaced. By the time the contract price is agreed to, most sellers have negotiated down as far as they want to go and the buyers have also offered up the most they want to spend, so finding a costly problem at this late stage can send the transaction into a tizzy.
Secondly, if problems are discovered, you have the time and the ability to either repair these on your own schedule or to disclose them upfront to the buyer, eliminating the possibility that the buyer will demand you make repairs later. Plus, if repairing the problem is your choice, you can do so without the buyer looking over your shoulder, second-guessing every decision you make.
Finally, once the buyer hires his own home inspector, you’ll have a good baseline by which to compare the new report. While inspection reports will rarely match item for item, major differences are rare amongst qualified and experienced inspectors. Your home inspector can even become your advocate by looking over and dissecting the buyer’s inspector’s report.
To find a qualified inspector in your area, use the “Find an Inspector” locator on the ASHI web site at www.ashi.org. Inspectors listed here have met rigorous testing and experience requirements and are among the most qualified in the nation. By submitting an inquiry to an inspector through the site, your information is transmitted electronically in real-time, saving you time and helping you connect with an inspector more quickly.
Rules of the Road
While the home inspection can be both intimidating and invasive, remember that the inspector works for the person who hired him or her. Inspectors will only discuss their findings with their own customer. Therefore, the seller will most likely be the last one to hear about trouble in the transaction when the buyer has arranged for the inspection. While it may seem unfair, that’s the way it is. In fact, in some states that license home inspectors, they are prevented by law from disclosing the results of the inspection to anyone but their client.
Besides getting your home in tip-top shape for the inspection, the best thing you can do during the process is to disappear. Home buyers will be more comfortable discussing their concerns openly with the inspector if you are not within earshot. And since watching the inspection process can feel akin to being awake during open heart surgery, being away will also keep your stress levels in check.
Whatever you do, do not follow the home inspector and buyer around. If there’s one thing that drives both home buyer and home inspector nuts, it’s this. Buyers often perceive such overly supervisory behavior as evidence of a home seller trying to hide a defect and worried about whether the jig is up. Home inspectors will be annoyed and, human nature being what it is, the process may become needlessly tense, when it should be educational.
With home inspections, the best tip to gain the most desirable results would be to have your house ready for the home inspector–then get out of the way.Virtual Home Inspection Offers Peek at the Inspection Process
For more information of what a home inspection includes, check out the American Society of Home Inspector’s Virtual Home Inspection tool. This interactive visualizer takes consumers though each of 10 different areas home inspectors must check, explaining what is looked for along the way. By using the tool, both home buyers and home sellers can get a gain a good understanding of what home inspectors search for, before the actual home inspection ever begins.
From Source Article: moneypit.com
Use up those 2×4’s that are taking up space in your garage, or lingering around from your last project. We have compiled three simple DIY projects that will help you use up that old lumber and leave you with gorgeous and useful furniture pieces for your home.
But, before we jump into it…
did you know that a 2×4 is not actually 2 inches by 4 inches?
A 2×4 is 1.5 inches by 3.5 inches. We know, we know… this is crazy information that is extremely useful to know and reminds us to always measure before beginning any project to find the TRUE dimensions.Rustic Entryway Coat Rack
This coat rack is easy to make, creates more usable storage, and allows your creativity to shine through. Begin by deciding what length will work best for the space you intend on hanging your rack. Cut your 2×4 to your desired length. You will want to distress and paint your wood before attaching the hooks, so get distressing! Choose your favorite hooks and attach them to your wood. Complete this project by attaching sawtooth hangers to the back of your rack for a simple way to hang it on your wall.Custom Blanket Ladder
Create a unique storage piece that will double as awesome home decor. Plus, you can make this wooden blanket ladder for less than $10. Grab a couple 2×4’s from the nearest home improvement store (or use whatever is laying around the house), decide on your height and sizing, cut your pieces, and screw everything together. A miter saw will give you clean and precise cuts, but if you’re not ready to use a saw, you can purchase pre-cut lumber at most stores before bringing it home! Screw your horizontal planks (or “steps”) in on an angle for a leaning ladder effect or screw them in straight and lean your ladder a bit more. Either way looks great! Distress or stain your wood to give it that rustic look, or opt for some chalk paint to give your ladder that “shabby-chic” vibe.Staggered Plank Coffee Table
That’s right… you can make your own coffee table to display in the living room and show off to all of your guests! Begin by cutting all of your 2×4’s to the length your table is going to be. Before piecing anything together, you will give the ends of each 2×4 a good sanding. The ends will be easier to reach before everything is pieced together. Next, begin creating your tabletop(s) by laying your 2×4’s down on a flat and level surface next to each other in a staggered formation. Use four or five planks for each row. You must create at least two tabletops to form the stacked effect, but you can also create three (as displayed in the linked photo above). Apply a line of wood glue between each piece and form together. Use extra long clamps to hold the planks together until the glue dries. For extra security, consider adding pocket holes.
Once the glue has dried, stack each tabletop on top of each other without glue to decide exactly where you want them to lay. Next, apply glue and adhere them into place. Apply clamps to ensure the are tightly pieced together as they dry. Once your top is completed, give it a good and thorough sanding with an electric sander or a sanding block. Distress, stain or paint your piece however you would like, and then attach some table legs. You can purchase premade table legs from home improvement stores for less than $4 per leg, or you can get creative and attach unique industrial legs to give your new furniture piece an edgy look. Remember that a standard coffee table is 15-17 inches tall.Distressing Tips and Tricks
Old and Worn Out Wood: Beat on the wood with a hammer to create dings and dents. Hammer in a few nails and pull them back out to make some holes in the wood. Focus on distressing the edges of your wood where dings would naturally occur. Use a grinder and wire wheel to create some deep crevices in the wood and add depth and dimension to your piece. Custom Staining: If you are hoping for a stain color that you cannot find, do not be afraid to make your own. Consider applying a brown stain, followed by an uneven coat of classic grey to give it a custom color and look. After staining your piece, lightly dry brush over it with a chalk paint. Use sandpaper or a steel wool pad to remove any of the chalk paint you do not want once it dries. Distressed Painting: Chalk paint works wonders for created a rustic or shabby chic custom piece. Layer your chalk paint over another color to sand through the chalk paint and revive the base color. Use creme wax to give your furniture an aged and distressed look.
From Source Article: moneypit.com
Bedrooms are often the last room in the house to get some decorating love. But with the right planning and bedroom decorating ideas, this space can become a personal sanctuary that calms, centers and energizes.
Davis Remignanti, Furniture.com’s lead design consultant, offers these easy design tips and bedroom decorating ideas to help transform even the most traditional “sleep space” into a dreamy haven:
Personalize it. Start by thinking of your boudoir as a sanctuary and begin designing your the room as a true retreat with a focus on your favorite pastime. Whether you love to paint, read, exercise, or listen to music, dedicate a space in your bedroom to doing what you love best.
Give your activity some uncrowded room by providing the desk space, storage, or comfy seating that it requires. Let the rest of your room design flow from your interest center. Sketch your concepts online at Furniture.com’s Room Planner.
Savor your zzzzzzzz’s. At the end of the day (literally), the bedroom is about sleeping, and your bed is where you likely spend approximately 1/3 of each day. Since a good night’s sleep will make all the difference tomorrow, consider upgrading your mattress to a pillow top style, or simply adding fresh new bedding. Then, stretch out and relax on your cozy bed.
Shun the distractions. Use your bedroom to escape from the world by hiding away your larger electronics – television, stereo components and computer – in an armoire that provides easy access to your media channels (and the outside world) when you want them, but is even easier on the eyes when you don’t.
Showcase your passion. When planning your decor, consider this bedroom decorating idea: resist the impulse to pack away your mementos. Instead, look for opportunities to showcase souvenirs and photos of what you love to do and the people you love to be with. A true retreat is not just a getaway, but also a celebration of your passions, so let these interests show in your bedroom.
Look up. Don’t forget the vertical space your bedroom offers. Carry your retreat design theme into the third dimension by updating your bedroom walls with a fresh new color or border. Since bedroom walls tend to be an underutilized resource, you can put the bedroom walls to work by examining where you can add much-needed shelving and storage options. Finish by adding a new piece of artwork to the bedroom wall to complete your theme.
Lighten your outlook. Any room makeover calls for a fresh look at lighting. Survey the bedroom as a whole, as well as specific task needs. The lighting requirements in your new activity area will differ greatly from your dressing and your sleeping areas. For extra convenience and added ambiance in your bedroom retreat, consider putting your primary bedroom lights on a dimmer switch.
Feel groovy. When accessorizing your bedroom retreat, feel the energy of Feng Shui and ensure good health by following the practice originated in China, honoring the indoor environment. Where possible, introduce water, wind chimes, color and crystals into your bedroom decorating design. Read more about history and practice of Feng Shui decorating ideas.
Browse the possibilities. Review the decorating ideas advice, product information, and interactive design tools at Furniture.com for more ideas on completing your bedroom decor project. Furniture.com merges the convenience, accessibility and ease of online shopping with the local customer service and fast, in-home delivery of national retail furniture chains.
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