Learn about current issues in the home buying market before making any offers. By doing so, you can save hassle and grief as the homeowner.
The city of Ann Arbor does not require an inspection of a home before the purchase. Therefore, it is up to the buyer to have one performed. Some of the following items are issues in regards to homes on the market and need to notice:
- Home Insurance Issues
- Painting: Many homes built before 1978 have lead paint that links to cancer.
- Plumbing Standings: Plumbing can be costly, and an inspection can inform said buyer about future costs.
- Windows: Energy efficiency is a general inquiry, and proper windows can help save on heating and air conditioning costs.
- Electrical: Wiring work can cost a bundle if not up to code.
- Asbestos and Mold: This can potentially be deadly and financially disastrous.
10 Ways to get out of Negative Home Equity
Here are 10 potential ways that a homeowner might be able to get out of negative equity: Wait for the value of the house to increase: If the value of the house increases, it may eventually be worth more than the amount that is still owed on the mortgage, allowing the...
Positive vs Negative Home Equity
Positive Equity: Positive equity in a house refers to the value of the house being greater than the amount that is still owed on the mortgage. In other words, if you were to sell the house, you would be able to pay off the mortgage and still have some money left over....
Winter is here, Is your home ready?
Winter weather can present a number of challenges and risks to homes, such as the risk of freezing pipes, roof damage from heavy snow, and water damage from ice dams. It is important for homeowners to take steps to protect their homes from these types of risks by...
When is a good time to buy a home?
It's generally a good idea to buy a home when you are financially ready and have found a property that meets your needs and desires. Whether or not it is a good time to buy a specific property in a particular location depends on a variety of factors, including the...