Considerable Things While Buying a Prefab Container House

download (59)If you have decided to buy a prefab container house, then make sure that you consider the accompanying. These are vital to guarantee you get the right one.

Legal Requirements

It is imperative that you are acquainted with the zoning laws in your general vicinity and in addition the construction laws. A few groups may need diverse records before you can introduce the house. See to it that you give every one of the prerequisites.

Deterioration of Quality:

When you need to assemble value on property, then a prefab container house is not for you. Such houses are viewed as each property. These are like autos. This implies their worth will deteriorate with the passage of time. Nonetheless, not all manufactured homes are dealt with as personal property; some are considered as genuine property. Typically, if the house has an establishment connected to the ground, it is considered as genuine property. Different components must be considered also. These houses are dealt with diversely in various ranges. Knowing how your state treats the house is vital to the goal that you can get the required necessity and pay for the suitable expenses.

Financing Choices:

Precisely check the financing choice when acquiring a house. Numerous retailers would offer bundles that may seem to be extremely reasonable. Sometimes, the interest rate is high. It bounds you to pay a huge amount regularly. Take a gander at your choices deliberately before you pick any type of financing.

Size of the Property:

This is critical, as most will have extremely restricted space. When you have planned to live in a prefab container house on a daily basis, you need to make sure that it has enough space. There is an extensive variety of sizes to look over. Some have a width of 8 to 24 feet. The length could reach up to 100 ft. Consider the number of rooms and bathrooms you will need. You ought to likewise make sure that your furniture and apparatuses will have a spot inside the house.

Locate a Decent Retailer:

A prefab container house is less expensive than a custom one. This is the reason you need to invest energy keeping an eye on retailers. Find trustworthy retailers in your general vicinity. See to it that they will convey on time and they will set up the house steadily. They ought to take the construction law and the security rules set for the get-together and the establishment of the said houses.

Rules Identifying with Prefab Container House:

Be acquainted with your state rules on the establishment of the said houses. Check the secure required. Does it need to be tied down to the ground? Maybe, you will need steel posts. See to it that your retailer will give all of you the data you need.

Check the House:

Review the property directly after the establishment. Check the casing and the body. See to it that everything is legitimately introduced.

There are so many things to consider when acquiring a prefab container house. It is pivotal that you consider these components to make sure that you will have the capacity to settle on the right decision.

Home Exterior Considerations To Make Before You Buy

download (61)When you’re house hunting it’s very easy to focus in on certain attributes of a house that you find appealing. Unfortunately when you narrow your focus in on the things that are perfect about the house, you’ll often overlook some important things in the process. Make sure you thoroughly examine the exterior of your “dream home” before you go through with your purchase.

Here I’ll be giving you a specific list of key elements to examine while inspecting your potential home’s exterior. None of these issues have to be a home buying deal breaker, but the home-owner should be willing to help you resolve anything I list below before you sign on the dotted line and finalize your purchase.

Trees

Does the property have any trees? Trees can and to the overall beauty of the home, but they can also create problems for your foundation if they get to be too big. So be sure to examine how close these trees are to your homes foundation. Also if the tree already has well established roots within the home’s foundation, there can be a drop in your foundation if those roots are removed. If the trees are large enough to encounter the roof of the house then consider inspecting the roof as well. The roof can often be overlooked when potential buyers examine the exterior of the property. Trees that come in contact with the roof can leave certain areas exposed and open to rodents or even birds to build nests. Rodents especially will use an overhanging branch to make their way onto your roof.

In addition to trees surrounding your home take note of any other foliage that comes in contact with the home. If the home-owner hasn’t done an adequate job maintaining the bushes that surround the house then you may encounter problems with insects later down the line.

Foliage upkeep in general is usually a strong indicator of the type of attention the home-owner gave the exterior of the house. If things look a little lack luster from afar, it should certainly be cause for a closer inspection.

Foundation

Many buyers come across cracked concrete and think nothing of it. However, crack in the concrete can allow for moisture to penetrate your foundation. If you live somewhere with very cold winters this can pose a very significant problem for you financially. It’s certainly advisable that if you find significant cracks in the foundation that you negotiate a repair cost with the seller.

Also experts usually suggest that you expect the foundation for adequate drainage. It’s advised that you have about 2 inches of exposure and a gradual slope away from your house to prevent water from collecting.

Pool

Pools are always big selling points, but just because you’ve always wanted a pool doesn’t mean you should forget to inspect it carefully. Pools obviously come with a significant amount of upkeep and sellers can easily neglect that upkeep. So inquire about the age of the pool itself and the equipment that comes with it. It may also be worth asking about any resurfacing.

If you encounter a problem

One or two problems with the exterior doesn’t have to break the deal. If you and the seller can reach an agreement that solves the issue at hand then by all means proceed with purchasing the house. if you can’t find an affordable solution to it however, consider passing on the house. Have an in-depth inspection of the property done, list out anything that needs attention before you agree to close and find a way to resolve it.

In most instances the exterior issues you encounter can easily be fixed and the deal can proceed. Just don’t allow the big selling points of your possible dream home distract you from exterior issues that the seller is responsible for. Also consult your agent if you’re not sure which issues the seller should be responsible for handling, once your inspection is complete of course.

If you have any further questions about inspecting your property please feel free to leave me your contact info in any one of the available forms here on the page.

 

How to Purchase a Vacation Home With Friends or Family

download (58)You want a cottage by the sea, a chalet by a ski run or a lodge in the woods. But vacation homes are quite expensive, and most of us don’t have the time to care for a second home in addition to our primary residence? So, here is an idea: Split the financial obligations with a family member or friend! This article covers most of the important steps to learning how to purchase a vacation home.

Partnering up sounds great on paper, but purchasing a vacation home with family and friends can be risky. After all, if things do not go well, it can spell the end of your friendship. Not to mention you may end up in a legal battle over the home. After all, you might already be commonly renting a vacation place with said friends or family. Or you could take turns using the house, so you don’t actually overlap.

Still, this approach can also turn into an express lane to disaster if you don’t navigate the relationship with care and really learn how to purchase a vacation home.

Do not panic! Before you sign on the dotted line, here are some important questions to protect your finances and also leave your ties of friendship or family intact.

TIC or LLC?

Ownership of property by 2 or more parties who are not married – friends, relatives (it makes no difference) can be setup as a limited liability corporation (LLC) or as a tenancy in common (TIC). And while setting up an LLC will entail hundred dollars in additional fees and a tad more paperwork. A limited liability corporation can make it easier to give away or sell an interest in the vacation home and you are treated like an individual for tax purposes, but with the extra protection of a corporate liability shield. An operating agreement will be drafted to establish the obligations and rights of the members in the LLC.

Why this is important when learning how to purchase a vacation home: Under a tenancy in common, somebody who’s injured while in your shared vacation home can sue you and the other co-owners for all you are worth. Additionally, due to the fact that you own a house with somebody else, you’ve less control over who can be allowed to enter the house. So if your nephew wants to celebrate his high school graduation with a blowout party on your vacation home, and somebody steps on a broken glass, it can come back to bite you. This is much less of a risk if you choose an LLC.

Who is responsible for what?

Another reason why you should set up a limited liability corporation instead of a tenancy in common: Limited liability corporations are normally required by law to have an operating agreement. You should have an attorney draft an agreement which clearly explains everybody’s ownership interest.

That ratio, be it 80:20 or 50:50, will determine how costs like real estate taxes and insurance are divided. The agreement should also clearly explain who the manager of the vacation home is, capital improvements and how the maintenance of the home is going to be paid for and performed. The agreement gives the owners a guideline so that everyone knows before they own the place, what the parameters are.

You can think of it as real-estate prenuptial agreement, it’s there to ensure that things run smoothly and head off resentment at the pass. Otherwise any under discussed issues- like who is supposed to close up for the season or even clean out the gutters – can quickly and easily turn emotional.

Who gets which holidays and weekends?

People purchasing a house together should ask themselves if the other owners plan on being at the house at the same time, or alternate in using it, since vacation homes normally have a prime-time of just a few months.

Normally, everyone wants to go to the vacation home at the same time of the year, during school breaks for example. If the owners do not talk about this in advance it can lead to everybody showing up at the home on the same day- which isn’t exactly the tranquil vacation home you have always dreamed about.

If you decide to split, you should work out an annual schedule in advance and also consider rotating who gets the major holiday weekends. You should also agree that swaps and changes can be made but only with the permission of all the parties involved.

To rent or not to rent? / How to purchase a vacation home

From time to time your vacation home is going to be unoccupied no matter how many co-owners you have. If you are a neat freak and do not like strangers sleeping in your bed, you’ll not want to rent your vacation home. However, your brother might want to make some cash by renting out your shared vacation home.

You should hammer out whether you are going to rent out the vacation home so that you can generate income when you are not there. If all the parties agree to rent the vacation home just ensure where you are purchasing will allow that. Some communities do not allow short-term rentals.

What happens if somebody wants out? / How to purchase a vacation home

You should have at least one discussion about how long everybody wants to be on-board and what happens if one of the co-owners wants to sell. Giving the other owners right of first refusal if you want to sell your share is a way to reduce conflict. You should think about if you can afford to buy out a co-owner or if you’ll be able to cover the extra maintenance costs and mortgage in the event somebody wants out.

5 Walk-Through Tips for Home-Buyers

download (57)One of the most important steps in the process of buying a home is the final walk-through. This is where the buyer can confirm the house is in the same condition he/she has agreed to buy it in. It’s also an opportunity to ensure that the agreed upon repairs, if any, were made as specified and nothing has gone wrong with the house since he/she last looked at it.

Sometimes, home buyers do not pay enough attention to the final walk-through because they’re too excited about finally closing on a home particularly if it has taken a while to find the right home for them. This may lead to small problems once the buyer takes ownership. On the contrary, the final walk through can raise both negative and positive emotions during this last part of the home selling process.

It is smart to take the walk-through seriously and think things through. Do not see it as just checking a box. During the walk through you should open all the faucets and inspect them for leaks. Ensure that the appliances work, turn heat or/and air conditioning on and off, flush the toilet and open every window to its fullest, then close it tight and check for air leaks.

Below are some tips for home buyers to help them complete an effective and smooth walk-through.

1. Avoid a walk-through on the closing day / Tips for home buyers

A walk-through can lead to the discovery of repairs that have to be made, but that you did not know about before. If you do the walk through on the same day as the closing, you might not have enough time to have the problems resolved.

It isn’t uncommon for two walk-through’s to occur. The first walk-through identifies some problems for the buyer, and the second ensures those problems were addressed.

You can also push back the closing so that you can address the issues. However, the problem is that your lender might not have approved a delayed closing. It is better to thrash out any issues well in advance.

2. Use your cell phone to check the outlets / Tips for home buyers

Plug a phone in and out of the electrical outlets so that you can ensure that the electricity works. You want to avoid moving in your belongings, only to realize that some of the outlets do not work.

Bring your charger and phone to the walk through and test all the electrical outlets. It’s easy and quick.

3. Have an eye for junk left behind by sellers / Tips for home buyers

Sometimes, sellers may be too caught up in moving to their new home that they may forget to remove their old household junk. You should take the time to check the attic, under the deck and garage. The sellers might just assume that you want to use their old paint cans or an old propane tank..

In fact, the seller should leave the house empty for showings. Some of the left behind items, like the paint, can be toxic or may require special provisions for their disposal.

4. Ask for keys, alarm codes, garage openers and manuals / Tips for home buyers

Before completing the final walk-through, be sure to ask for working keys to all the doors, garage openers, alarm codes, and any system or appliance manuals. It is also a good idea to ask the seller for copies of receipts for any promised repairs.

5. Be emotionally prepared for a surprise / Tips for home buyers

Buyers normally fall in love with a house that is full of belongings, furniture and art. They see it as a welcoming home, and remember a warm feeling.

Fast forward to the close of escrow and you are faced with an empty house, which can feel rather hollow and cold.

Buyers are usually surprised by how they feel when they enter an empty home. Besides the emptiness that is created by the absence of furniture, some imperfections may show up – carpet stains, mildly bleached doors, holes on walls which previously covered by paintings or a television screen etc. An empty house tends to show poorly; hence you should prepare yourself mentally before the walk-through.

The journey towards owning a home is usually a long one, filled with ups and downs and lots of excitement. The final walk through is one of the last steps of what may end up being a multiple year process.

Consider the walk through well in advance and prepare for it physically, mentally and emotionally. Know what you are looking for, make a list of all the things that you need to check, and keep your feelings and emotions in mind.

 

Eight Things You Should Never Say When Buying a House

download (56)Seeing something that you love (or hate) can cause you to blurt out all kinds of things when buying a house, some of which you may regret. Because while you can (and should) at all times be upfront with your real estate agent, you might not want to be quite so forthright around the sellers (or the listing agents working for them).

So before you decide to step into a house and stick your foot in your mouth, heed these top things never to say to sellers or their real estate agents when you are shopping for a new home.

1. “This is my dream house!”

Have you ever played poker? Well then you should know that if you would like to maintain a strong negotiating position, you should never tip your hand… In the process of buying a house, interested parties who express their unchecked passion for a house are shooting themselves.

These are the types of things which can help sellers obtain more cash from the buyers. This is due to the fact that they really know how much this home really means to them. Any negotiating strategies and all discussions about the home are best left in private. Saying a few nice things about the home is not bad-just do not gush. Gushing=bad.

2. “That couch is hideous”

While the experience of buying a house can bring on a lot of stress, do not tell the sellers-or any real estate agent present-that they’ve poor taste in furniture or decor. Their style may not suit yours, but that is no reason to insult them. If they hear you bad-mouthing their curtains or rug, then they may just select another buyer.

3. “I can afford to spend X”

In spite of the fact that it is definitely a good idea for the prospective buyers to discover just how much they can afford, buyers should keep the information strictly between them and the Realtor when buying a house.

Prospective home buyers should not address with the seller or the seller’s agent anything concerning their ability to pay a full price offer or financing. This hinders the ability to negotiate the best price for the house. If you are asked, you should say that finding a home that is fairly priced is what matters to you more than the amount you can afford.

4. “I cannot wait to get rid of that”

Even if you are thinking that the home will be perfect once you get your hands on it, do not let on. If the new buyers are planning to remodel a house in which somebody raised their family and has many memories, the buyer should not say; that wall color is terrible and I cannot wait to repaint this place, or I cannot wait to tear that swing set down. The seller can simply reject their offer or come back asking for more cash upon hearing that somebody wants to completely remake the home where they made lifetime memories. Try making the experience of buying a house enjoyable for all.

5. “Why are you selling?”

Yes, when buying a house, you might want to find out why the sellers have decided to sell their house. Keep it to yourself! It is considered poor taste to ask, and it might just open a can of worms. You should never ask the sellers why they’re selling the property, there might be personal reasons such as job relocation or divorce or something worse- none of it is your business. Creating a possibly uncomfortable state of affairs will not help you down the road, in case a bidding war emerges.

6. “What’s it really like to live here?”

Sure, you may want to get the inside scoop when buying a house, however that does not mean that you should interrogate anyone. Do not ask the neighbors personal questions. You can talk to the neighbors and give them a chance to open up, but do not push if they are not talkative. If you end up moving into the neighborhood, do you want the first impression they have of to be that of a spy or a pest?

7. “You will never get that price!”

Although you may be thinking that you would not give them an X amount for the home, as a buyer it is best for you to keep your opinions and thoughts to yourself. Even if the buyer thinks that the house is highly priced, it might be within range of similar houses in the neighborhood. This leads us to our next point…

8. “I will give you [a very low-ball offer] for this home, what do you say?”

When looking to buy a house, do not ask your real estate agent to submit several low-ball offers. You should take your real estate agent’s advice when it comes to the pricing- because it is never wise to insult the person whose house you are trying to purchase and you do not want to appear as a not so serious buyer.