home: Answer to question 7 from Sunday's Blog about TOP TEN items....
- 10/24/08 10:56 PM
7) When you are finished rehabbing, based on the age of your property you may need a four point inspection. What is this and what is it for? Answer: Insurance companies and state counties will grandfather in single family homes that are not up to existing code regardless of the home's age. If you decide to refinance the home or pull permits to rehab it, the home's age may become an issue. The age of the home starts to become a factor when it passes its thirtieth birthday. Some counties have different age parameters but you get the idea. Insurance companies … (0 comments)
home: Answer to questions 3 and 4 from Sunday's Blog about TOP TEN items...
- 10/21/08 01:22 AM
Here you go.... 3) 50% Rule. What is this? Answer: Most counties in the U.S. require that if you are spending more than 50% of the assessed value of the property being rehabbed you will need architectural plans prepared by a certified architect (OUCH!), special permits and engineer certifications, etc. to continue bringing the property up to code. SHOW ME THE MONEY! 4) Don't install your Central A/C Unit in the kitchen area. Why? Answer: There are two parts to a standard air conditioning (A/C) system. The compressor and the air handler. The compressor is outside and the air handler is … (0 comments)
home: First 2 answers to the Ten Things to be aware of while rehabbing a Property...
- 10/20/08 02:04 AM
These answers come from personnel experience while rehabbing properties: Here are the answers to the first two items from the Sunday's TOP TEN Blog: 1) While demolishing a property, rehabbers will order a dumpster. The City/County knows when you order one. Could this be a problem? Why? Answer: You may start demolishing the property before you pull permits. This is a NO NO! When you pay your fee for the dumpster, the county is notified by the dumpster company. Besides, there is a huge and ugly container on your property. Any county inspector can pull up and ask for copies of the pulled permits. P.S. … (5 comments)
home: What does one do to determine if this property, MY FUTURE HOME, is worthy of my HARD earned Time, Money and Effort?
- 02/18/08 03:04 AM
WOW, I was asked to write an article to HELP a first time HOME Buyer not familiar with the United States system of purchasing a property. Having lived overseas I can relate to being very intimidated about such a decision and makes me reflect on the first time I purchased real estate in Puerto Rico. After thinking about this and modifying this article, here is what I came up with. I hope this helps: A Buyer needs to determine how much HOUSE/PROPERTY they are qualified for. It makes no sense to look for a property to purchase if you can't afford it. … (1 comments)
7) When you are finished rehabbing, based on the age of your property you may need a four point inspection. What is this and what is it for?
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