GFI OUTLETS- Make sure you have GFI outlets within six feet of all sources of water. This means your kitchen sink, and bathroom sinks. You may want to check with your public utility provider for the exact criteria concerning this, but get it done.
INSULATED ATTIC- They will be looking at your attic, make sure it has adequate insulation for the space. Adding an attic fan will also be a nice touch when you are trying to show you have a well maintained home.
TOUCH UP PEELING PAINT- If your home was built before 1978, you may want to make sure you have no peeling paint chips. Paint used in homes prior to 1978 had lead in them. Do not sand any peeling surfaces of a home built prior to 1978, just prime and paint. You do not want lead paint particles becoming air born. They now have a paint that is specifically made to go over any lead based paint, even if you aren’t planning on selling, its a good idea to look into this at your local hardware store.
ROOF IN GOOD SHAPE?-Make sure your roof is in good shape. You don’t need to hear it from the appraiser after the fact that your roof has affected your appraisal. If you can get away with minor repairs do so now before the appraiser arrives. If your roof is older than 10 years, be prepared to have it affect that bottom line, especially if it shows its age.
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About the Author:
What You Need To Know About Fha Appraisals
It is not uncommon for me to meet with a customer at property and see my customer worried about the FHA appraisal and ask me if it will pass. Even when I give them my opinion they still seem skeptical.
Manny think of FHA appraisers as home inspectors because there are certain conditions of the properties that must meet some guidelines. These guidelines are put into place to protect both you the buyer and the mortgage lender. If a home will need too much immediate repair its not a good idea for the Federal Housing Administration (FHA) to insure the mortgage.
FHA appraisers are NOT home inspectors.
The person performing the appraisal of the home is not a home inspector. They look for certain things that may need immediate repair that may cause the borrower to default on their mortgage due to the high cost of these repairs. Another aspect they are looking for is defective paint surfaces pre 1978 due to lead based paint used during pre 1978.
By:
About the Author:
It is not uncommon for me to meet with a customer at property and see my customer worried about the FHA appraisal and ask me if it will pass. Even when I give them my opinion they still seem skeptical.
Manny think of FHA appraisers as home inspectors because there are certain conditions of the properties that must meet some guidelines. These guidelines are put into place to protect both you the buyer and the mortgage lender. If a home will need too much immediate repair its not a good idea for the Federal Housing Administration (FHA) to insure the mortgage.
FHA appraisers are NOT home inspectors.
The person performing the appraisal of the home is not a home inspector. They look for certain things that may need immediate repair that may cause the borrower to default on their mortgage due to the high cost of these repairs. Another aspect they are looking for is defective paint surfaces pre 1978 due to lead based paint used during pre 1978.
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About the Author:
Ben Stoveken is a licensed REALTOR servicing northeast Wisconsin. For more information about real estate in Northeast Wisconsin visit BenStoveken.com
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