HouseHunt Insider
In This Issue
* Seasonal Suggestion
* DIY Don’ts: Top 5 Projects
* What You Need to Know to Go Solar
* Playing Landlord: Not as Easy as It Looks
* Let Your Yard Help Your Home Sale, Not Kill It
* Buyers: Beware of the Nightmare Yard
* Monthly Survey
* Past Issues: March, February, January, December
Monthly Quote

“Spring is when you feel like whistling even with a shoe full of slush.”

-Doug Larson, (1902 – 1981), English racer

Tip of the Month

With foreclosures on a steady increase, many homebuyers are keeping a keen eye out for bargains. “It’s not unusual for buyers to save up to 20% with a foreclosed home,” explains David Webb of the foreclosure-auction firm Hudson & Marshall.

If you are interested in buying a foreclosure, there are a few things you should know. First, unlike regular homes for sale, “many foreclosures are sold in as-is condition, with no inspections,” says Webb. The burden is therefore on the buyer to make sure they know what they are getting into, or at least what they are risking. Webb adds that before making an offer on a foreclosed home, you should check to see whether there are any liens against the property or back taxes owed; both of these will add to your total cost. Finally, most foreclosures require quick closings, so be prepared to pay in cash or get immediate financing.

Source: Parade

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Buyers: Beware of the Nightmare Yard

Among the many things buyers should scrutinize when shopping for homes is landscaping. Buyers can avoid trouble down the road if they spot landscape hazards now.

According to a recent Realty Times article, most of us are used to thinking about landscaping in terms of what is aesthetically pleasing and provides privacy. The American Society of Home Inspectors (ASHI), however, is urging homebuyers to start considering the possible effects of landscaping on a home. “Sometimes people tend to look at the house briefly and then go inside and then start looking at where they will put their furniture or just kind of enjoy the layout of the house,” says Frank Lesh, President of  ASHI.

ASHI is hoping that homebuyers will start giving homes they are interested in a good, long look, inside and out, up close and far away. Lesh recommends driving around the neighborhood as a good first step. “You want to know if you’re in a valley, on a hill, on the side of the hill, is there a river or a creek nearby or a lake, or a retention pond – really you want to know what kind of water is around your house or what kind of water could be around your house,” he says.

For their next step, Lesh advises buyers to pull up across the street from the house on which they have their eye and examine the trees and foliage. Look to see if any trees are touching the house, if power lines are too close to the roof or if there are any other potential risks. After you do that, you can walk the property and check for uneven surfaces, such as a heaved or cracked driveway near a tree. “This could show that there are roots pushing up against the sidewalk and that could be a trip hazard or it could be a maintenance nightmare,” Lesh cautions. “If water gets in there under the sidewalk or driveway, it could undermine it. If you live in an area where it’s cold, the water could turn to ice, which would lift up the sidewalk or driveway – those are all problems that could be reoccurring.”

You should also check the grading within a few feet of the house and check the level of the homes to each side and to the front and rear. “How are those houses situated compared to yours? If you’re the lowest one, chances are when it rains, you’re going to get some water coming toward your house,” Lesh explains. “Water intrusion is one of the biggest headaches everybody has in their homes and we want to eliminate that from being a problem right off the bat.”

In other words, as a buyer, you need to avoid falling in love with a home before you get an accurate, big-picture view of what living in that home will be like. Paying close attention to dripping taps and peeling paint is all very good, but you also need to look at the parts of a home that could add or detract from it. Looking at the landscaping around your home will help you understand the kind of maintenance you are signing up for, as well as any possible hazards.

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