Where are the 'savings' in this?

By
Real Estate Appraiser with Gilliam Appraisal Services

I've recently been explaining in my blog how Gilliam Appraisal Services has expanded to include vacant asset protection.  Since most of Maine is now in 'damage assessment' mode from snow and ice loads, I thought I would share some photos.  These are of properties that haven't been maintained. 

Garage roof collapsed

This property had a new 2 car garage constructed just a few years ago.  The owner probably thought since it was fairly new, and had a 12/12 pitch to the roof (12 inches of rise / 12 of run or span or 45 degree angle) that they were safe.  Um... guess what?  They weren't.

So, let's break down the numbers.

     -  Cost of Service to Maintain property with weekly inspections, decals on the windows and doors, reflectors for driveway, and roof shoveling    [[ $50 ]]

     - Cost of cleaning debris, dump fees, and reconstruction of garage roof  [[ $3,500 ]]

 

Comments (2)

Steve Hirschler
Keller Williams Big Bear - Big Bear Lake, CA
Big Bear Real Estate
Hopefully these owners were insured for this damage. This happened to my father in Northern California, and his car was totalled inside the garage.
Mar 30, 2008 10:26 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Great example. 

I like the ones for heat pump filters. 

Cost of filters for 5 years, $60 for disposable, $5 for reusable.

Cost of new heat pump for 3800 square foot house, $7,500.

That's what the youngsters call a "no brainer".

 

Mar 30, 2008 10:27 AM