Archive for July, 2011

Home Safety – Is Your Home Safe? Take This Simple Quiz

July 2nd, 2011

Home Safety is easy to overlook. Is your home safe? I’ll bet you’ve never looked at home safety through the eyes of an insurance adjuster. But it will benefit you to think about all of the ways you could have an insured loss at your home.

Here’s a simple quiz. If you have done all of the tips after the question, you can answer “Yes!” If not, you’ve got some work to do.

1. Is your home secure?

-Install deadbolt locks on all exterior doors.

-Install outdoor lights next to all exterior doors, and make sure the bulbs are working. Connect the outdoor lights at doors to motion detectors that go off when someone approaches.

-Install a monitored security system that has sensors at every opening, including second story windows.

-Install curtains or blinds on windows so people outside cannot easily see what’s inside.

2. Is your home safe?

-Install one smoke detector on each level of the home.

-Install a radon gas detector in the basement.

-Keep the areas in front of doors, and sidewalks cleared of leaves and snow.

-Make sure there is a fence around any outdoor pool.

-Place a home fire extinguisher in the kitchen, one in the garage, and one in another room.

-Clean out the lint filter on your dryer every time you use it.

-Get your fireplace chimney cleaned once a year.

-Get your furnace checked once a year.

3. Are you living safely?

-When you have guests in your home, monitor their alcohol consumption, and don’t allow them to drive if they’ve had too much to drink.

-Be extremely careful when working outside on ladders. A fall can seriously injure or kill you.

-Insist that any workers on your property provide you with their certificate of insurance. No exceptions.

-Be extremely careful when working inside. Use a safe small ladder or solid stool, don’t jump up on a chair to reach overhead.

-Keep your staircases clear. Don’t stack stuff on stairs and then try walking around it.

-Don’t start to cook on the stove and then walk away. Cooking fires are number one for home damage.

-Don’t plug a bunch of electrical devices into a cheap extension cord.

-Don’t cover extension cords with rugs or run them under carpet.

A Home Inspection Helps You Avoid Pitfalls

July 1st, 2011

A professional home inspector can play a very important role when you are buying your next house. An inspection helps a buyer understand the condition of the residence. It also helps the seller provide accurate information, which helps make the sale. Because a home is such a major purchase, you will need to exercise considerable discernment. Here are a few pointers to help you avoid pitfalls.

First, understand that this review is not an appraisal. An appraisal protects the lender’s financial interests and is the bank’s way of determining if the property is worth what you have agreed to pay. On the other hand, your inspection protects you, the buyer or seller, by identifying structural or mechanical problems with the house.

Buying real estate can be an attractive proposition in an economy where home prices are down tens or even hundreds of thousands of dollars. Would you believe some people only spend 15 minutes deciding on the residence they want to buy? Keep in mind that no purchase is perfect, and you should never buy a home without having it inspected first.

This is especially true if you want to buy one that has gone through a foreclosure. You absolutely must have it inspected. It is possible the previous owner may have sabotaged it in anger over a desperate situation. As astonishing as it may seem, home inspectors have found such problems as headers cut from steps, rafters cut in attics, electric wiring cut, and in one instance reported motor oil had been poured over flooring and carpeting.

The thorough analysis of a home inspection brings to light areas that need attention so unpleasant surprises can be avoided later. Investing a few hundred dollars in now can save you thousands down the road.

The walk-through should take at least two hours and could take as many as six hours. This varies depending on the size of the residence. Your professional service person will examine the foundation, roof, gutters, all types of siding, doors and windows, electrical wiring, plumbing, heating and air conditioning, and appliances. He will be on the lookout for fire hazards, mold, and emissions of carbon monoxide and radon gas.

Though it is not necessarily required, he may also check driveways and sidewalks, the porch, patio, balcony, septic tank, and the garage or other buildings that go with the property. Some of these may require an additional fee.

Your inspector should be properly qualified for your state and local area and should have all the necessary equipment to do the job. You can expect his services to cost roughly $400 to $800, depending on the size of the property and the area of the country in which you live.

The report he provides you should be very specific and detailed. It should not be just a quick checklist. It is a good idea for the report to be accompanied by photographs. Your report should include digital pictures to document the findings. Your inspector should take time to answer any questions you have and define terms you are unsure of.

Exercise caution when choosing your home inspector. While getting a recommendation from your real estate agent may sound like a good idea, consider choosing an inspector yourself. Avoid any possible conflicts of interest by getting an independent inspector.