Most Common Problems Uncovered in Home Inspections

Very few home inspections ever come back completely clear. Indeed, 86% of buyers who recently had a home inspected said their inspector identified at least one problem, according to a new survey from Porch.com, a home remodeling resource, which surveyed about 1,000 buyers who hired a home inspector during their home purchase.

Some of the most common issues uncovered threatened the essential components of a home too. In a fifth of the cases, the home’s roof was a major culprit. Other issues included cosmetic flaws, but also more serious cracks and leaks were found, according to the survey. Electrical problems also were common, and among the most concerning, since they can pose a fire risk, according to the study. Problems with windows also were prevalent, appearing in more than 18% of reports that had issues detected.

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Do I Need a Permit for That?

When undertaking a remodel or home improvement project, how do you know when you need a building permit from your city government?

Cities require permits to ensure that the changes on a home go on record. The changes also are reviewed by an inspector to ensure they’re up to code. For example, if you decide to rewire your electricity panel , exposed wires could represent a safety issue to you and your home.

When homeowners sell their home, buyers and lenders will want to know if any remodels they did complied with building codes. So the permit could salvage a sale too.

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More Millennials Paying Mortgages Themselves

Over the past year, millennials have become less likely to need to ask their parents for financial help, get a roommate, or work a second job in order to pay for a mortgage to buy their first home, according to a new survey conducted by Redfin of 1,000 respondents born between 1981 and 1996.

Comparing the survey’s results to those of a year ago, millennial home buyers feel more confident of their financial situation and that they will be able to afford a mortgage themselves without having to take other measures.

Read more HERE.

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