Now That the Home is Yours!
Tuesday, June 9, 2009
Now that you have purchased a HOME! Here are some things that you should be thinking about before you move in. Especially in today’s market; most of the homes sold in our area (Stockton California) are bank owned homes (REO),(foreclosed homes). In most cases, a buyer will purchase a home in its present “as is” condition. Which means you probably got a great buy, but your new home will probably need TLC…………..Some things to consider!
1. Exterior Paint. Peeling paint is one of the most common problems associated with purchasing a home that is not new construction (resale). Refreshing the exterior paint is a good ideal… Dark colors fade faster than light colors and absorb heat-something to consider in warmer climates. Light, neutral colors are your best bet for resale purposes or, if you are renting or selling in a vacation area, consider colors that complement the area, such as light or bright colors near the shore and earth tones in the mountains.
2. Electrical Work. Electrical safety is critical in the resale or rental of a property. Consult a licensed electrician to perform repairs or improvements. Consider installing safety products such as GFCI outlets and AFCIs. GFCI outlets automatically cut power if a ground fault occurs, meaning they will save your life if you somehow end up on the receiving end of an electric current. AFCIs are another safety measure that you install into the wiring itself. They detect arc faults that are a common cause of electrical fires, and break the circuit before fire breaks out.
3. HVAC Repairs. Consult an HVAC contractor to make sure air-conditioning systems are in good working order, a must for any prospective buyer or renter. Make sure the air-conditioning unit is working at optimal efficiency, as this will translate into savings on monthly utility bills.
4. Plumbing. Make sure all leaky faucets are repaired and parts, such as worn washers, springs and “o” rings, replaced. Then check to see if water flow is at all hindered in the property. A stopped drain in a bathroom or kitchen sink plumbing system is often the result of a clogged pipe. First, try chemical drain cleaners, then remove the elbow piping if necessary, to further investigate the clog.
5. Landscaping. Many resale properties often fall victim to overgrown lawns, shrubs and weeds. Start by mowing and pruning, and then address more serious issues, such as dead tree branches that could land on the home or power lines. An easy way to provide a clean and updated look to the landscaping-and add curb appeal to the property-is to edge the borders. Consider wood edging, brick or stone edging, metal edging or plastic edging.
6. Pests. Many abandoned properties develop pest problems due to stagnant water and general lack of upkeep. Immediately empty all stagnant water, find the source of any moisture that might be in the home and use over-the-counter repellants to rid the home of small pest problems. Hire a professional for any pest problems that are more serious.
7. Windows and Doors. Replacing doors and windows should be done ASAP, unless you have broken or cracked windows they should be replaced immediately.
8. Floors and Stairways. Rotting wood in floors, doors, staircases and railings, a common issue found with resale homes. Rot sometimes occurs in areas that are not visible to home inspectors, so this job may require the consultation of an expert in the area.
9. Interior Walls. Ripped wallpaper and chipped paint are not uncommon in foreclosure properties. Take down all wallpaper and repaint the interior in one or a series of neutral colors. Using bright, unusual or darker colors narrows the pool of interested parties.
10. Appliances. Your new home may or may not have appliances. Homes that have appliances may be older and need to be replaced.
