Wind mitigation (MIT) is something you’re hearing a lot more about lately. One of the reasons is Florida safety engineers and community governments want to guard against the kind of loss we suffered in 1992.
If you’re a seasoned real estate professional or property investor or buyer, you know home inspections are not a “fad.” In 1982, about 20% of real estate dealings involved a home inspection. Today, 90 percent of residential real estate transactions include a home inspection.
We are a competitive, win-lose society; we just can’t help ourselves. That’s why for many of us, something like a 4-point inspection for our homes is intimidating. What if we “fail” the inspection?
Some people are concerned 2020 will see a real estate market recession similar to 2008-2009. We recovered that particular crash and we’ll bounce back from future recessions as well. Savvy homeowners can ride out any market by maintaining their properties and even making upgrades.
Basic guidelines for what you need to know about home inspections in Volusia County is relatively straightforward. But have you ever wondered what home inspection professionals wish you knew?
A 4-point inspection is usually requested by insurance companies, especially if you’re buying a home older than 25 years. Basically, it gives the homeowners insurance company a measure of risk – and can dictate how much you will pay in premiums and deductions for them to cover that risk.
If you’re a real estate professional or a home-buyer/seller, what should you know about home inspection and the companies offering home inspection services? Author Dylan Chalk shares information about the home inspection business:
Homebuyers are excited and frightened about a home purchase. They are excited because a new home is filled with possibilities and promises. They are fearful because – for most people – a home purchase represents their biggest financial investment.
Florida homeowners know about wind mitigation. In 2004, Hurricane Charlie hit Florida with winds at nearly 150mph. In 2005, wind-measuring equipment failed, but Hurricane Irma was clocked at 130mph off Marco Island.
Buying a home is an exciting time, but it can also be stressful. One of the stressors is the home inspection, but it shouldn’t be. This is a golden opportunity for potential buyers to flesh-out problem areas and reaffirms their choice of a property that may be their biggest personal investment.