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Articles tagged with: Denver Real Estate

Jul17

Do Home Inspections Really Affect Property Value?

Buying a house has always been a part of the American dream. Studies suggest that 80% of millennials desire to become homeowners someday. They are moving out of their parent’s basements and into buying homes. In fact, millennials hold the largest share of homebuyers at 36%.

A house is one of the biggest purchases one will ever make in this lifetime. Considering the amount of money to be spent in buying a house, buyers are very cautious in purchasing a property. They don’t just want a beautiful house. They want a property that is in move-in condition. They are in search of a property that doesn’t require lots of time, money, and effort to repair. Homebuyers want to make sure that the hose they are investing on is in good condition. This is where home inspection steps in.

What is a home inspection?

A home inspection is a visual examination of the physical structure of the property. Based on the visual inspection of accessible features, it determines the present condition of the house, as well as its major systems. The procedure is usually done by a professional home inspector – someone who has undergone extensive trainings and certifications.

Home inspection is usually done during a real estate transaction. Often, it is done at the request of the buyer. The buyers are usually the ones who hire a home inspector. Not only does it help them identify problems that are present in the house, it also gives them the assurance that the house they are interested in is worth investing on. Learning the actual condition of the property can help buyers save a lot of time and money in the long run. Not only is it beneficial for buyers, it can also work to your advantage when selling your house.

Anyone who is selling their house will go through a home inspection. You don’t need a real estate transaction to have a home inspection. If you are eager to know the actual condition of your house, you can hire a home inspector and have the house inspected any time.

Do home inspections really affect property value?

If you’re wondering whether or not a home inspection affects the value of the property, then the answer is yes. This is especially true when you’re selling.

You may not have plans of selling your house right now, but time will come when you’ll be ready to put it on the market. Read on to find out how home inspection can affect the value of your home.

You can make repairs before selling

First impressions matter when selling a house. If you want to sell your house fast and for top dollar, you need to make sure that your house is at its best. A charming and attractive house is definitely an advantage, but you also need to make sure that is in great shape as well.

If you are considering selling your home in the near future, we highly recommend that you have your house inspected before putting it on the market. This will help you identify potential and existing problems in your home.

Structural issues, plumbing problems, electrical problems, roof damage, and water damage are just some of the most common issues found during a home inspection. These issues are costly to repair and may negatively affect the value of your property. By learning about the issues present in your home, you are given the opportunity to fix them before putting your house on the market.

As mentioned earlier, most buyers are in search of properties that are in move-in ready condition. They don’t want to be bothered with repairs. By making the necessary repairs before selling, you are making your house more attractive to potential buyers.

Most sellers don’t have enough time or money to tackle all the issues listed on the home inspection report. That’s fine. You don’t have to fix everything. Just try to tackle as much issues as you can. Repair the roof, replace broken window glass, repair leaky faucets, fix broken appliances and HVAC systems, and patch holes and cracks in the walls and ceilings. By repairing certain issues and making improvements before listing your home, potential buyers will think that your home is well loved and maintained. As a result, you’ll be able to sell your house quickly and for top dollar. Plus, you’ll put more money in your pocket.

Make the buying process quicker and smoother

A home inspection involves a visual inspection of the house’s structure, as well as its major systems and appliances. By checking every aspect of the house, the inspector may be able to uncover issues you may not be aware of. You will also be provided a copy of the home inspection report within 1 to 3 days.

As mentioned above, it is often the buyer who hires a home inspector. Once it’s done, they have 3 options – they would ask the buyer to tackle repairs, negotiate for a lower price or back out of the transaction.

A home inspection is a vital part of a real estate transaction. Buyers are likely to have it done before they agree to buy the house. By performing a pre-selling inspection, there would be no surprises during the selling process. You are fully aware of the issues present in the house. You can either tackle these issues or just leave them as is. If you don’t have enough money to handle repairs, you can just disclose the issues to potential buyers and reduce the price of your home to accurately reflect its condition. They will uncover the truth eventually, so there is no point in concealing these issues.

By disclosing the issues in advance, it will help combat any suspicions they may have and reduce a buyer’s need for a price concession. It will also reduce the negotiation process since there won’t be much left for the buyers to negotiate on. With all the cards on the table, it will eliminate last-minute surprises and strengthen your home’s selling power.

Even if a buyer request to do their own home inspection, they are less likely to back out of the sale due to unsatisfactory conditions.

Get a pre-listing home inspection

Selling their house fast and for top dollar is a dream most home sellers share. This is why many of them spend time and money in beautifying their house. Often, sellers tend to focus on cleaning, decluttering, staging their home. We understand that you want your home to look its best. But if you want to get the most money out of your property, you need to look at the house with a buyer’s eyes.  

Having a pre-listing inspection will help you identify the issues you may have overlooked over the years. It will also give you a good idea about the current condition of your house. Equipped with this information, you’ll have the chance to take care of certain things before listing your home for sale. This will help increase the value of your home and make it more attractive to potential buyers.

Having a pre-listing inspection done, you can plan better and possibly a better price on your home. If you’re considering selling your home, please feel free to call us to schedule a pre-listing home inspection.

Jul06

Do’s and Don’ts: Preparing Your Home for Inspection

Selling a house is no easy task. There are lots of things that needs to be done to prepare your home for selling. From cleaning and decluttering to staging to advertising and showing, the entire process can be exhausting and stress-inducing.

Just because you have received an offer on your house, it’s not a guarantee that the sale will push through. You still need to pass the home inspection. A home inspection gives buyers a clear picture about the current condition of the property. Depending on what comes up on the inspection report, the buyer can negotiate a lower price, ask you to do some repairs or just walk out of the transaction.

If you want to sell your home fast and for top dollar, make sure that you prepare for the home inspection. Listed below are some dos and don’ts you should consider before the home inspector arrives. With these tips, you are sure to convince homebuyers to scurry for their checkbooks.

DOs

Get a pre-listing inspection

Selling the house quickly and for top dollar is a dream most sellers share. To do that, you want to make sure that you house is in tiptop shape before putting it on the market. One of the best ways to prepare your home for selling is by getting a pre-listing inspection.

A pre-listing inspection gives you a clear picture about the current condition of your home. It can help you avoid any surprises along the way and can streamline the process. Most importantly, it gives you the opportunity to address some issues early on, so you have a better chance of having a smoother, quicker selling process.

In some states, there are no licensing requirements for home inspectors. This makes it difficult to separate the goods ones from the inexperienced ones. To ensure that you hire a qualified home inspector, ask for credentials and certifications. You may also want to review a sample home inspection report. You want to make sure that the information presented is in a clear and thorough format. It is also best to do your research. Read reviews from past clients and check the company’s references. Sometimes, you need to do a little inspecting on your own to find the best inspector.

Clean your house

Having prospective buyers and home inspectors in your house can be a daunting thought. They’ll be checking every nook and cranny and look for flaws or issues in your home. That said, you want to make sure that your house is clean, organized, and presentable.

Nothing will turn off a buyer more than a messy, cluttered house. Home inspectors and potential buyers may also assume that your house wasn’t cared for.

Clean your home like a pro and pay particular attention to the bathrooms and kitchen. Don’t forget to look inside your drawers, cupboards, and cabinets. While you’re at it, get rid of things you no longer need or use. Remember, a stylish home is one that is clean, decluttered, and easy to move around in.

Be on time

Most inspectors come early. Others arrive 15 minutes ahead of schedule. So, if the inspection is scheduled at 9:00 am, make sure that you are dressed and ready to go by 8:45 am.

Many of them would start inspecting the exterior of the house as soon as they arrive. So, make sure that you wake up and prepare early. The last thing you want is for the home inspector to be walking around the house while you’re dressing up. Be on time because the home inspector will be.

Check your home’s exterior

As mentioned above, the exterior is the first thing home inspectors will check, so you want to make sure it’s in great shape. If your home’s exterior is cluttered, now is the best time to take care of it.

Trim your bushes, mow the lawn, and clear the sidewalk. If you are selling in winter, then you need to shovel and salt the walkways. Also, consider repainting the faded window and front door to make your home more attractive.

Turn on all utilities

A home inspector will not only examine the different areas of the house, he will also check the air conditioner, furnace, dishwasher, and the water heater. Without utilities, he won’t be able to check these appliances. The inspection will need to be rescheduled and the closing will be delayed. We highly recommend that you leave the utilities connected even after you have moved out of the house.

Have paperwork ready

The inspector may want to know when you last had your HVAC system serviced or had the chimney cleaned. Gather all the necessary paper and documents of all repairs that you have done on your home.  It is also a good idea to include receipts of the appliances and fixtures, so it would be easier to prove their age.

Provide easy access to different areas of your home

Make sure that you provide access to different areas of your home. Otherwise, they won’t be able to do the job thoroughly. Provide unobstructed access to the basement, crawlspace, attic, and other areas. Unlock doors and gates to the garage, shed or any other rooms in the house.

Your HVAC system and hot water tank will also be inspected. Check them before the scheduled date of inspection and make sure that they are properly functioning.  A home inspector will need at least 3 to 4 feet of space in order to inspect it thoroughly. Provide workspace around hot water tank and HVAC system by removing furnitures, boxes or bookcases that may be blocking access to these areas.

DON’Ts

Hover around

More often than not, buyers tag along during the home inspection. After all, this is the perfect opportunity to learn as much as they can about the house they are interested in. They may feel uncomfortable to ask questions or point out some issues if you’re inside the house.

The average home inspection takes about 2 to 3 hours. Sometimes, it may take longer. Make sure that you have something planned for the afternoon. Don’t forget to take your pets with you. Also, make sure all pet accessories and toys are tucked away out of sight. You may be a dog person, but you should also consider that not everyone likes them. You shouldn’t take your chances by leaving your precious pets around strangers.

Leave obvious issues unfixed

A house is one of the biggest purchases one would make in this lifetime. Considering the amount of money that will be put towards the house, homebuyers want to make sure that house is in tiptop shape. The last thing you want is for them to assume that the house hasn’t been cared for or maintained. Remember that at this stage, they are deciding whether or not your house is worth investing on.

Fix obvious problems before having the house inspected. Any issue you expect to show up on the home inspection report should be dealt with by now. There is no point in masking certain issues as home inspectors will likely uncover them.

Forget about safety and security

Our home is our safe haven. It is where we relax and unwind after a long, stressful day at work. Aspiring homeowners aren’t just looking for a lovely house, they are also looking after their family’s safety and security. With that, we highly recommend that you check your fire and carbon monoxide detectors regularly. Both devices are life-saving tools, and you want to make sure that they operating properly.

Jun19

4 Common Problems Found During a Home Inspection

It’s not uncommon for buyers to feel excited and overwhelmed when house hunting. Often, they fall in love with a certain Denver property and will tend to ignore some of the issues that are present in the house. This is where a Denver home inspection comes in.

A home inspection will give you a clear picture of the overall condition of the house. This way, you can make a more informed decision and have peace of mind knowing that the property you’re interested in is good shape.

Here are 4 common problems found during home inspection.

Foundation issues

Many Denver houses sustain foundation damage as a result of poor soil conditions, inferior ground foundation, improper damage, and other causes. No matter what has caused the problem, foundation issues are not something that should be taken lightly. The cost of repairing the damage can cost a fortune. The foundation may also move and shift over time, which is extremely dangerous.

Roof damage

The roof is your first line of defense against rain, wind, sun, and snow. Despite its importance, most Denver homeowners don’t give their roof much thought until something goes wrong.

Although roofs can last for 20 to 30 years, it is important to check on your roof from time to time, especially after a storm. Look out for missing or cracked shingles and fix the problem in the soonest possible time. A Colorado roof replacement is expensive, so keep an eye out when you have the house inspected.

Faulty wiring

Electrical issues are one of the most common problems found during a home inspection. The problem ranges from circuit overload to a circuit breaker tripping frequently to frequent electrical surges. These are serious issues that are frequently linked with house fires.

Plumbing problems

Leaks are the most common plumbing problems homeowners face. Often, there will be leaks under the sink or under the toilets. Most homeowners tend to ignore this problem, thinking it is just a minor issue. But if left unaddressed, this may lead to a bigger, more complicated problem that will require costly repairs.

A simple leak, for instance, may lead to water damage and a mold problem. These issues will not only cause structural damage, it can also pose a threat to the health of the homes inhabitants.

 

Jun14

4 Reasons Why Your House Hasn’t Sold

Selling a house is no easy feat. It goes beyond just putting a for sale sign on the front lawn. It requires a lot of hard work and patience.

Most homes do sell, it just takes time. But if your house has been on the market for weeks or months with just a couple of showings, there must be something wrong.

Here are 4 reasons why your house hasn’t sold.

The listing photos are bad

Most buyers begin the home buying process online. They would browse through some online listings, hoping to find a property that they would find interesting. Once they find something they like, that’s the only time they would drive by the property or schedule a viewing. This is why listing photos are so important.

Since potential buyers use listing photos to decide which homes to visit, make sure that you upload good quality photos. Showcase your home’s best features. Shoot wide angles with plenty of light. If possible, hire a professional photographer.

It’s overpriced

Most sellers would price their house high in the hopes of getting more money out of their property. This is a huge mistake that will cost you big in the long run.

Weeks have passed since you listed your home, yet there have only been a couple of showings. Chances are, you haven’t received an offer either. If your home is overpriced, it is important that you make an adjustment as soon as possible. The longer your property lingers on the market, the less money you’ll have in your pocket. Remember, pricing your home correctly from the beginning is crucial.

The property isn’t in good condition

In order to sell your house fast and for top dollar, you want to make sure that your house is in good condition before putting it on the market.

Getting a pre-listing inspection is always a good idea as it will help you determine the overall condition of your house. Plus, you’ll be able to identify the issues that need to be fixed immediately. If your house isn’t in great shape, it will linger on the market longer. If you haven’t taken any steps to improve the condition of the house, then we won’t be surprised why it hasn’t sold yet.

Your house is dark

Our home is our safe haven. It is where we relax by the end of the day and feel safe. If you want to sell your house quickly, your goal is to help potential buyers envision themselves in your home. You want to create a house that feels cozy and inviting.

A house that is dark feels small and cramped. It does not give a good first impression. Open the curtains and clean the windows to let as much natural light in. Also, paint the walls  a light, neutral color to make the room look bigger.

May29

Things You Should Know Before Finishing Your Basement

Most people grew up in a Denver home with a basement that is dark, dank, and unfinished. Most Denver homeowners have toyed with the idea of finishing their basement at some point, but didn’t push through with it.


A finished basement can be a great addition to any Denver Colorado home. Not only will it increase the value of your Coloraod home, you can also enjoy the extra living space. There are some things you need to know before get started on this project. Here are some of them.


You may need a permit
Most states will require you to acquire a permit before you get started on the renovation, so we suggest that you check with your town or municipality first before you get started with this project. If you fail to acquire the needed permit, you are likely to face some fines, delay in construction or legal action.


Be on the lookout for moisture problems
Basements are notorious for having moisture problems. Since most homeowners don’t spend much time in the basement, many of them aren’t even aware of the problem. To prevent water damage in the future, make sure that the problem is identified and rectified before renovations take place. Sometimes, moisture problems occur even if there is no sign of leak or standing water.


Set aside an extra 10-15%
Your contractor may have given you an estimate, but that doesn’t mean that it’s the final cost. During the remodeling process, you may come across some problems such as termites, wood decaying or faulty wiring that may cause you to blow your budget. The last thing you want is to run out of money halfway through the project. Make sure that you set aside an extra 10-15% of your budget for any unforeseen issues that may crop up.


Figure out the layout
An unfinished basement is like a blank canvas. You have the freedom to decide how you’re going to use the space. You may create a bedroom, a bathroom, and a small kitchen if you intend to use it as a rental apartment. You can also opt for an open space if you want to use it as a leisure or entertainment room. Keep in mind, though, that the water heater and the furnace cannot be moved, so you need to work around these areas.

Apr24

Your Guide to Buying New Appliances for Your Home

Appliances are a necessity in every Denver Colorado household. They help us in washing, cooking, and keeping us comfortable inside our home. That said, you want to make sure that you invest in reliable, durable, and affordable appliances.

Here are 4 things you need to keep in mind when shopping for new appliances for your Denver Colorado home.