Selling Your Home: 5 Deal Killers That Are Lurking In Older Homes
You've listed your home for sale, you have a customer, and now their Inspector performs inspections. You think you have a pretty good home, but do you really know for sure? What is he finding? Why is it taking so long? Here are 5 deal killers be careful when selling your home.
Killer Deal # 1: FPE Breaker Boxes. These switches and breaker boxes are known to have performance problems. They are no longer manufactured, but they are very popular in the 1950s and the 1980s. Many homes still have them.
Some of the problems are that the switch continues to trip, but let that pass electricity through the battery. Another issue is that the battery would not travel at all due to more than the current situation that could lead to fires.
Just because the house is 30 years old and have had problems, do not expect a Professional Real Estate Inspector to look past the box FPE baterije.Teorija time does not hold water with electrical components. In my market, the cost to replace the box with the new 150 amp breaker box anywhere from $ 1000 to $ 2500 depending on the company and the scope of work.
Deal Killer # 2: Aluminum Wiring: The problem with aluminum wiring is that it expands and contracts more than copper wiring. Thus, the components meant to be used with copper wiring not work well with aluminija.Aluminij will work its way loose over time and cause arcing, which led to excessive heat, causing a fire.
Even after it was changed to aluminum alloy wire, the problems still persisted with the wiring.
Special connectors must be used. These are marked CO / ALR. This means that the output is designed to work with either copper or aluminum.
"Pigtailing" aluminum wiring with copper, so copper wires can be plugged into outlets (remember, less expansion and contraction "is allowed by the National Electrical Code. No one is sure why. Consumer Product Safety Commission does not see 'pigtailing' as safe alternatives.
rewiring the house can be skupi.Ukupna price depends on many variables to give you a price range here.
Deal Killer # 3: Asbestos:. Asbestos was used in many construction materials and is still used in very few even now
Areas of Seller or Buyer will have to worry about it in several places. Pipe insulation on older heating pipes, vermiculite insulation, some paints and to a lesser extent, on the roof and siding shakes.
asbestos causes the most problems when it is in loose condition (fragile), where particles can float around. We are all aware of the health problems related to asbestos, so I'm not going to go into them here.
If you have asbestos siding and roof shakes / shingles, it's less worry, because they are not fragile than broken.
asbestos removal can be very, very expensive and probably will not cost a new buyer will want to tackle soon after moving into their new home.
Deal Killer # 4: Composition Wood Siding: Some of these types of siding is known for its generic terms such as Masonite and LP siding (there are other brands) . This type of siding was (and some are still) involved in class action lawsuits.
This type of approach is essentially made from pressed and glued wood particles, some as small as dust.
Some of the problems stem from poor installation techniques that allowed the siding to get wet. It would then start to rot and letting more water into the structure.
There are many homeowners who have joined class action lawsuits, get some money to replace the siding, but instead in a hole and put their homes for sale.
The composition of wood siding companies only pay once for the siding on a home. If you claim has been filed and paid on a home, there will be more money coming down the pipe replacement siding on the house!
Deal Killer # 5: Polybutylene (PB) plumbing lines:. These are water supply lines that are grayish in color
The problem was that this sort of piping has been known to burst, especially at the seams. Many of the class action lawsuits have been closed, and it can be difficult if not impossible, to receive money to replace, if the house you are buying a PB plumbing.
replacement cost can be thousands of dollars. Any good home inspector will call to review this report and is likely to recommend a licensed plumber to investigate. I do not know a reputable plumber who will recommend keeping the pipes in your home.
Granted, many of these Deal Killers are just older homes. However, especially in rural areas, we saw these components appear to newer homes. How, I do not know if someone had a supply of these materials.
prior to the inspection list of reputable and qualified home inspector will bring these killers Deal and other potential threats to job murder your attention before you list your home. Playing in the dark about what's in your home (such as some real estate agents recommend) will save you from having to fork over some greenbacks before the house will sell.
7:03 PM
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