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Property Walkthrough Instruction
Welcome to Your Ultimate Homebuying Repair Resource
Purchasing a home is a monumental step, especially for first-time buyers considering properties that have stood the test of time. A 20-year-old home can offer charm and character, but it’s essential to ensure that your investment is both safe and sound. Our comprehensive guide provides you with the knowledge to assess potential properties effectively, empowering you to make informed decisions and negotiate confidently.
Identifying Repairs and Implementing Solutions
✓ Foundation, Moisture and Mold
✓ Plumbing & Electrical System
✓ Moisture and Mold
How Can We Help Address These Issues
Our comprehensive video guides offer step-by-step tutorials on tackling common home repair problems, from basic plumbing fixes to complex mold remediation and asbestos removal.
We recognize that inspecting and addressing these concerns can be daunting, especially for first-time homebuyers
Our videos provide clear, easy-to-follow instructions, empowering you to handle repairs confidently and save on professional labor costs.
First-Time Home Buyers
Essential Walk-through Checklist
As a first-time homebuyer eyeing a 20-year-old property, conducting a meticulous inspection is paramount. Identifying potential issues early can safeguard your health, safety, and financial well-being. By evaluating critical components, you can negotiate a fair price and allocate savings towards necessary repairs and upgrades.
Potential repairs checklist
For guidance on how to repair potential problem found, contact us for a custom video. We’re here to assist you after the purchase of your first home.
Remember: Many financial institutions can bundle home expenses into your mortgage at a super-competitive rate.
Ensuring Your Investment Is Safe and Sound
Interior Inspection: Key Areas to Address
Foundation
Begin by assessing the foundation. Cracks in walls, floors, or ceilings may indicate structural concerns. Foundation repairs can be substantial, often reaching thousands of dollars, making early detection crucial.
Plumbing System
Inspect for leaks, water damage, or reduced water pressure. Issues like leaking pipes or outdated systems can lead to significant water damage, with repair costs ranging from a few hundred to several thousand dollars, depending on severity.
Electrical System
Examine outlets and the electrical panel for signs of wear, outdated wiring, or overloaded circuits. Faulty wiring poses hazards and can be costly to rectify, with expenses varying between $150 and $2,000 based on complexity.
Roof and Exterior: What to Look for and Why
Roof
Check for missing shingles, water stains, or signs of wear. Roof repairs or replacements are significant expenses, typically ranging from $5,000 to $15,000, depending on materials and size.
Windows and Doors
Assess for drafts, cracks, or improper seals, as these can lead to elevated energy costs. Repairing or replacing windows and doors can cost between $300 to $1,500 per unit.
Siding
Look for cracks or weather-induced damage. Siding repairs or replacements can be costly, generally ranging from $2 to $6 per square foot for labor and materials.
Basement and Crawl Space: Addressing Hidden Issues
Moisture and Mold
Investigate for moisture, mold, or mildew, which can cause long-term health issues, particularly respiratory problems. Mold remediation costs vary from $500 to $6,000, depending on the extent.
HVAC System
Check the age and functionality of the heating and cooling systems. Replacing or upgrading HVAC systems can cost between $3,000 to $7,000.
Insulation
Ensure proper insulation to prevent high utility bills in the future. Inadequate insulation can lead to increased energy consumption and costs.
Public Utilities: Protecting Your Health and Safety
Water Quality
Observe for rust or discoloration in water, indicating potential plumbing issues or the need for filtration systems. Addressing these can cost between $500 to $3,000.
Septic System
If present, ensure the septic system is well-maintained and leak-free. Repairs or replacements can be substantial, averaging between $2,000 to $10,000.
Gas Lines
Inspect for visible corrosion or damage. Gas leaks are serious safety concerns and may require professional repairs.
Long-Term Health Issues: Safeguarding Your Family’s Well-Being
Lead-Based Paint
Homes built before 1978 may contain lead-based paint, posing health risks, especially to children. Removal costs range from $1,000 to $3,000.
Asbestos
Common in older homes, asbestos is often found in insulation or tiles. Removal expenses vary widely, from $1,500 to $30,000, depending on scope.
Radon
This dangerous gas is the second leading cause of lung cancer. Testing is affordable, and if high levels are detected, mitigation systems cost between $800 to $2,500.
Labor and material cost is subjective to market value.