Orillia Home Inspector Tips

Providing Valuable Home Owner Resources for Maintenance

Tag: money

Inspecting Century Homes

Poor Foundation Support Footing

Today’s home buyers cannot seem to get enough old fashioned Century Homes. Many times when inspecting a well maintained century home there was multiple offers on property and often a “bidding war”. Century homes can require a lot of time and money to restore to their former splendour. Century homes can sometimes be either a money pit or a beautiful example of restoration, and sometimes it is hard for the home buyer to recognize the difference. Any home that has stood the test of time has most likely had many renovations over the years and at least some of them may have been “do it yourself” projects. It takes a professionally trained eye to spot the differences in workmanship but the end result could make a difference in thousands of dollars in repairs if deficiencies are not identified.

There are some common deficiencies that maybe an issue with century homes and if the seller have not properly dealt with them the new owners will most likely be dismayed to discover the amount of work and costs they could be facing. Some of the more standard issues found are structural, asbestos, knob and tube wiring, 60 amp service and galvanized plumbing. Building materials and construction methods have changed dramatically over the years. Materials once used in normal practice are now considered toxic and may require expensive remediation.

Stone Foundation is Failing

Foundations on a century home were typically different on every home. There were no enforced building codes years ago and everyones home was constructed differently although basic concepts remained the same. Most foundations are supported on rock and cement walls. Most of these old style foundations will still be standing long after we have gone. Water issues can affect the integrity of mortar between rocks and if you have signs of movement you may have to bring in a structural engineer for guidance. If your mortar is failing or deteriorating you can remove loose bits and re-point the stones and even give it a coat of white wash for more appealing look. If your wall is bowing or showing other signs of significant movement there may be an issue with expansive soils causing pressure on your foundation wall. This will require the services of a an experienced foundation contractor and will most likely be an expensive repair. Some foundations may require a sister wall to be poured to strengthen the existing foundation, this also is a job for an experienced contractor. Many older homes have a concrete base poured around the existing foundation to add to stability and prevent movement.

We deliver a narrative style report which includes pictures of every deficiency.  Our report is broken down into individual sections which make it easy to comprehend and digest the detailed information provided.  Industry standard maintenance suggestions are provided for the individual defects noted.  A handy PDF copy of report is also included which maybe emailed to contractors or used in negotiations.

When contemplating the purchase of  an older home, call Roger at 705-795-8255 to Book your Century Home Inspection

Buying or Selling Homes in Orillia

There are a lot of emotions involved when buying or selling a home, but negotiating the price shouldn’t be. Having a plan prior to negotiating is key to preventing stress during the turbulence involved in high-stakes negotiations. Your Orillia Real Estate Agent can guide you and advise you but eventually you must make the final decision.

First time home buyers get a lot of tips from friends, family and co-workers, much of which is probably good advice gleaned from their own home buying experiences. Your Professional Orillia Realtor has bought and sold hundreds of homes and is more prepared to advise you on many obstacles that may arise and often do. The more you know, the better equipped you are to negotiate.

Plan your attack. Determine what features you want and what they are worth to you. Know in advance the most you’re willing to pay, and with your agent work back from that number to determine your initial offer, which can set the tone for the entire negotiation. A too-low bid may offend sellers emotionally invested in the sales price; a too-high bid may lead you to spend more than necessary to close the sale.

When selling your home you want to present the best possible view of your home. Most Professional Orillia Real Estate agents will help you in this area using their years of experience to guide you. From making minor repairs to plumbing, electrical, caulking, sidewalks and painting, what your prospective buyer first sees when initially walking through your home is what is most likely the deciding factor in whether to entertain an offer. Some Realtors will suggest you have your home Professionally staged to improve your homes presentation.

Most upscale homes now use professional staging companies to fully stage the property. These professional companies supply furniture and accessories to enable prospective clients to see the home in the best light possible and so they can envision themselves living there. Some Home Staging companies advertise that many of their homes will actually sell for more than the listing price.

People who earn a good salary but fail to qualify for a typical mortgage are frequently turning to the Rent to Own option, Rent to Own has become very popular in the Orillia Real Estate market. A rent to own transaction is when a landlord agrees to lease a home to a tenant and the tenant has an option to buy the home for a pre-negotiated price before the end of the lease. The primary components of a rent to own transaction are the rental term, the purchase price, the upfront deposit, and the monthly rent credit.

When deciding to start looking for a new home, the first step you should take is getting yourself pre-approved by your financial institution of choice. When seeking preapproval, talk to a few different mortgage lenders to find the best mortgage package that suits your needs. Two or three lenders is usually enough to give you a reasonable idea of the amount of money to can afford to spend on a new home.

Your local Orillia Real Estate Agent can share his knowledge and expertise to allow you to get more money from the sale or to save you money when buying your next property. Utilize their tools and expertise and help ensure your next real estate transaction is a pleasurable experience with the knowledge that you got the best price possible whether buying or selling.

Buying or Selling a Home in Orillia

There are a lot of emotions involved when buying or selling a home, but negotiating the price shouldn’t be.  Having a plan prior to negotiating is key to preventing stress during the turbulence involved in high-stakes negotiations.  Your Orillia Real Estate Agent can guide you and advise you but eventually you must make the final decision.

First time home buyers get a lot of tips from friends, family and co-workers, much of which is probably good advice gleaned from their own home buying experiences.  Your Professional Orillia Realtor has bought and sold hundreds of homes and is more prepared to advise you on many obstacles that may arise and often do.  The more you know, the better equipped you are to negotiate.

Plan your attack.  Determine what features you want and what they are worth to you. Know in advance the most you’re willing to pay, and with your agent work back from that number to determine your initial offer, which can set the tone for the entire negotiation. A too-low bid may offend sellers emotionally invested in the sales price; a too-high bid may lead you to spend more than necessary to close the sale.

When selling your home you want to present the best possible view of  your home.  Most Professional Orillia Real Estate agents will help you in this area using their years of experience to guide you.  From making minor repairs to plumbing, electrical, caulking, sidewalks and painting, what your prospective buyer first sees when initially walking through your home is what is most likely the deciding factor in whether to entertain an offer.  Some Realtors will suggest you have your home Professionally staged to improve your homes presentation.

Most upscale homes now use professional staging companies to fully stage the property.  These professional companies supply furniture and accessories to enable prospective clients to see the home in the best light possible and so they can envision themselves living there.  Some Home Staging companies advertise that many of their homes will actually sell for more than the listing price.

People who earn a good salary but fail to qualify for a typical mortgage are frequently turning to the Rent to Own option, Rent to Own has become very popular in the Orillia Real Estate market. A rent to own transaction is when a landlord agrees to lease a home to a tenant and the tenant has an option to buy the home for a pre-negotiated price before the end of the lease. The primary components of a rent to own transaction are the rental term, the purchase price, the upfront deposit, and the monthly rent credit.

When deciding to start looking for a new home, the first step you should take is getting yourself pre-approved by your financial institution of choice. When seeking preapproval, talk to a few different mortgage lenders to find the best mortgage package that suits your needs. Two or three lenders is usually enough to give you a reasonable idea of the amount of money to can afford to spend on a new home.

Your local Orillia Real Estate Agent can share his knowledge and expertise to allow you to get more money from the sale or to save you money when buying your next property.  Utilize their tools and expertise and help ensure your next real estate transaction is a pleasurable experience with the knowledge that you got the best price possible whether buying or selling.

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