Water Damage and Home Inspections

0

Posted by Park Ridge Real Estate | Posted in Remodeling, Uncategorized | Posted on 02-09-2015

Tags: , ,

This is one of the toughest aspects of the real estate business; dealing with unknowns.  We can hire good inspectors, do thorough walk-throughs, even hire mold detectors – but sometimes water does its damage without making itself known.

Here are some details to watch for when doing your second look at a home.  Watch out for cracked grout, caulk, tiles or shower doors.  Look at the toilets at floor level and make sure there’s no rust, residue or bowing in the floor.  Case in point – my web guy Paul just bought a home in Florida and the home is only 6 years old.  He certainly didn’t expect anything major to wrong with a newer home and in fact, that’s the main reason he bought it – he thought a newer home would be a safer purchase.  Wrong….

On his inspection report, there was mention of grout needing to be redone in the master bath. Turned out that a loose tile coupled with poor construction turned into a complete teardown of the shower.  There was black mold, soaked insulation and the contractors did not use concrete Durock or Hardiboard for the backerboard for the tile.

One little crack in the grout turned into a $2500 bathroom retile job!

Pictures forthcoming but the lesson to be learned here is that whenever there’s a question about water damage or anything damaged in an area where water will be present – PLEASE have an expert look at it.  Seems like his inspector missed this – but when he told me about it, he mentioned that he knew right away it was going to be bad when he got down on the ground and looked at the problem. In fact, he’s kicking himself for not checking it more thoroughly.

I get it, I totally understand what’s going through your head when you are buying a home – A million things.  Try to watch out for this kind of issue – I hope we can help one potential buyer with this story.  Paul said he would post pictures….

 

What those home improvements do to your bottom line

0

Posted by Park Ridge Real Estate | Posted in Remodeling | Posted on 13-05-2010

Tags: , , ,

When it comes to major or minor remodeling projects most homeowners think they will break even at selling time. Many wrongly feel that adding the in-ground pool will make the home more marketable.

The following data is derived from the study. (http://www.remodeling.hw.net) The columns represent the project cost, value at the end of the project and the % of value retained upon sale of the home. From this year’s results , improvements to the exterior had the best returns and a new entrance way door had the best return of all the minor projects.

Reblog this post [with Zemanta]

Top 5 Remodeling Headaches to Avoid

0

Posted by Park Ridge Real Estate | Posted in Remodeling | Posted on 06-05-2010

Tags: ,

Whether you’re adding a room to accommodate an expanding family or remodeling to increase value, home renovations can be one of the best investments you make, especially in today’s economy. The key to a successful remodel, however, is knowing what mistakes to avoid.

An American bathroom of a freshly renovated ho...
Image via Wikipedia

According to a Consumer Reports poll, the most popular remodeling projects for homeowners are kitchens (19%) and bathrooms (17%). In another survey, however, Consumer Reports asked 6,000 readers to reveal what went wrong when they remodeled their kitchens and baths and how much those mistakes added to the overall cost of their projects. Here’s how to avoid their mistakes and save:

1. Don’t rush in. Changing plans is the most common, but costliest remodeling gaffe. Be sure to leave time for research and create a comprehensive plan, listing every product.
2. Prepare for the unexpected. There’s a lot going on behind the walls. Unexpected water damage was an issue with 17% of bathroom remodels, while structural problems caused headaches for 10% of kitchen projects. A good contractor will be able to anticipate such problems, allowing the homeowner to budget accordingly.
3. Don’t chase the “low ball.” Contractors are lowering their profit margins due to the tight market, but they often make up their costs in labor or other areas. Readers who went for “low-ball” pricing ended up spending a median of $1,500 extra for labor on their kitchens and $1,000 extra on their bathrooms. Don’t sign a contract with a lot of open-ended amounts for products and materials—these are called “allowances,” in contractor speak.
4. Get the paperwork in order. Have the contractor attach copies of his or her up-to-date license, insurance and workers’ compensation policies to the written contract. He or she should also get permits and provide a lien waiver when the job is done; this will keep suppliers from contacting the homeowner for unpaid bills.
5. Focus on the small details. Specifying lighting and placement of trash cans are not much fun, but are critical to the process. For example, the proper exhaust fan will prevent mildew in baths and vent odors in kitchens.

Reblog this post [with Zemanta]