In this issue of Know Your Home, we talk about Water Damaged Homes and the Real Estate transaction - considerations for the potential purchaser. This past year, PCM provided several building envelope inspections and construction repair estimates to potential buyers. We are pleased to report that these people saved thousands of dollars on the purchase of their homes and the peace of mind in knowing that they made a sound investment. Please feel free to call us with any questions you have in how we assist both sellers and buyers before, during, and after real estate transactions. Sincerely, Bruce Pomeroy  |
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Water damaged homes: Considerations for the potential purchaser
You have found the perfect home and ready to place an offer. You have heard the "Buyer Beware!" message and understand the importance of having a home inspection completed. You complete your due diligence. In taking a close look at the house, the home inspector suspects water damage is present, but has no clear idea of the extent or potential costs. The decision to move forward with the transaction is at your discretion. What more should you consider and what are the next steps?
Hiring a qualified building envelope specialist can be the key to moving a transaction forward. A building envelope inspection and assessment clarifies the situation for buyer and seller alike. The report identifies existing and potential problem areas illustrated with photos, specifies the repairs that are needed, and provides an informed estimate of the costs involved.
Negotiations of price adjustments and decisions about the removal of subjects can be made with all parties in possession of the facts, not under a cloud of guesswork and uncertainty. Given the financial commitment involved in buying a home, securing the input of a qualified building envelope specialist is money well spent, and the subsequent peace of mind goes well beyond financial considerations.
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PCM FAQ's
How much does the Home Maintenance Program cost?
The average home maintenance cost in Greater Vancouver is $2000.00 per year. The average repair cost for a home that has not been maintained and has water ingress damage is $150,000.00.
What are the benefits of enrolling in the PCM Home Maintenance Program?
Besides protecting your investment in your home the health and the health of occupants, it also establishes a maintenance history. Real estate professionals and prospective purchasers will immediately recognize the pro-active approach to maintaining the home's structure. Your home will provide peace of mind to potential purchasers who are comparing it to other homes on the market. Additionally, your home will have a clean and well manicured appearance.
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