In the intricate dance of buying or selling a home, few steps are as crucial—or as anxiety-inducing—as the home inspection. It’s the moment when the house gets put under a magnifying glass, revealing its flaws and imperfections. But are home inspections truly deal killers, or are they just an essential part of the process? Let’s delve into this often-debated topic.
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The Power of the Home Inspection
A home inspection is like a thorough health check-up for a property. A licensed inspector examines the home’s major systems, structure, and components, looking for issues that could pose safety concerns or costly repairs down the line. From the foundation to the roof, no stone is left unturned.
Deal Breaker or Deal Maker?
The Case for Deal Breakers:
Unforeseen Issues: Home inspections sometimes uncover problems that neither the buyer nor the seller were aware of, such as hidden water damage, faulty wiring, or structural issues. These discoveries can spook buyers, leading them to renegotiate the price or even walk away from the deal.
Negotiation Leverage: Armed with the inspection report, buyers may demand repairs or concessions from the seller. If the seller refuses to address significant issues, the deal could fall apart.
Financing Hurdles: Lenders may require certain repairs to be completed before approving a mortgage. If the seller is unwilling or unable to make these repairs, the buyer’s financing could be in jeopardy.
The Case for Deal Makers:
Transparency and Trust: A thorough inspection report provides transparency about the condition of the property, giving both parties a clear understanding of what they’re getting into. This transparency can build trust and facilitate smoother negotiations.
Opportunity for Renegotiation: While inspection issues can be daunting, they also present an opportunity for renegotiation. Buyers and sellers can work together to find solutions that satisfy both parties, such as adjusting the purchase price or splitting repair costs.
Peace of Mind: For buyers, a clean inspection report offers peace of mind, confirming that the home is in good condition and worth the investment. For sellers, it validates the value of their property and reduces the risk of last-minute surprises derailing the sale.
The Bottom Line
So, are home inspections real estate deal killers? The answer is: it depends. While inspection issues can certainly derail a deal, they can also pave the way for a successful transaction if approached with transparency, flexibility, and open communication.
For buyers, a thorough inspection is essential for protecting their investment and ensuring they’re not buying a lemon. For sellers, addressing potential issues upfront can help streamline the selling process and minimize surprises.
In the end, a home inspection is not about killing deals—it’s about empowering buyers and sellers to make informed decisions and navigate the complex world of real estate with confidence. So, embrace the process, and remember that with the right mindset and approach, even the most challenging inspection issues can be resolved.
Are you looking to buy or sell this spring? Give us a call today! Our experienced real estate agents are here to help you find the perfect home!
You’ve been getting up early weekend after weekend to go to open houses and have spent hours looking at online listings. You’ve finally found a place that you like, but before you make an offer, one good idea is to do some research on what to look for when buying a home.
Most people don’t want to buy a home that is going to require a lot of work or be difficult to finance because it’s structurally unsound or unsafe. The home might look great on the surface, but it’s recommended that a buyer order the proper home inspection(s) to see if it actually measures up prior to lifting any property contingencies. It can be stressful or even derail the home purchase to find out that you’ll need to make all sorts of costly renovations that make you go over budget or have to look for renovation financing vs. traditional financing, after you’ve worked hard to find that dream home.
Signs Your Dream Home Could Be a Nightmare
There are a lot of things to look for when buying a home. But these are 10 common home inspection red flags that would put even your dream home on the buyer-beware list because of the home repair costs and stress involved in fixing the issues. (Passing the home inspection will also be an important part of getting through the real-estate purchase contract process.) Consider these factors as you continue your search for your new nest, and especially if you’re a first-time homebuyer, lean on professional inspectors for help.
First-time homebuyers can prequalify for a SoFi mortgage loan, with as little as 3% down.
1. Structural Problems
If there is a problem with the foundation or load-bearing walls in your new home, structural repairs involving health and safety issues could derail your home loan by making the property ineligible for financing, or could wind up costing thousands of dollars. But structural problems aren’t just expensive to fix, they could also be considered unsafe — which is why they should be at the top of any list of things to check when buying a home.
Look for major cracks in the foundation, problems with doors closing, door frames not being perfectly rectangular, or walls or floors that seem to sag. You’ll want to spend the money for a professional home inspection. If the inspection reveals there is a larger issue, a structural engineer’s report may be able to provide additional insight. 💡 Quick Tip: When house hunting, don’t forget to lock in your home mortgage loan rate so there are no surprises if your offer is accepted.
2. Water-Damage Woes
The biggest cause of rot and mold is moisture. So if your potential new home has leaking pipes or a roof that lets in water, it won’t just be expensive to replace your roof or find where the leak is coming from — the leak could have already created other problems.
Water stains and mold are home inspection red flags. Not only can mold have implications for your health, it could indicate a bigger problem with the house. If you see either of them, look into the cause of the stain, because a new roof or new plumbing could set you back a significant amount of money. Dry rot and related problems like mold can also fall under health and safety issues and, as a result, affect the home’s eligibility for most types of home mortgage loans.
3. Poor Drainage
Poor grading and drainage can potentially cause huge problems with the foundation or basement of your home, so it should be high on your list of home inspection red flags. When it comes to bad drainage, things to look for when buying a home can include but are not limited to: pooling water around the foundation; leaking in the basement; gutters that are blocked or overflowing; and soil being moved by water in any flower beds around the home. While there are ways to fix poor drainage and improper grading if it’s minor, you might struggle with larger drainage problems if the home is in a low-lying area.
4. Bad Plumbing
The last thing you want is for your sink to spring a leak. Plumbing problems could have an array of causes, including improper installation or older pipes that need to be replaced or are leaching metals into your water supply. Plumbing that regularly leaks could cause water damage, which, as noted previously, could have some pretty serious consequences (like mold and rot). The home inspector will generally test the plumbing system, but as you look at houses, be observant and try running all the faucets and flushing the toilets. Keep an eye out for any signs of possible water damage and be aware of any funky smells.
5. Pests
There are a few ways to avoid buying a pest-infested home, such as having a home inspector look for pests. If the general home inspection calls out pest issues, it is recommended to go a step further and request a pest inspection report from a licensed pest inspector.
If the inspector finds signs of bugs, it might be possible to request that the seller fix the infestation before you close the house. Sometimes, pest infestation can mean a significant discount, which may be appealing to some buyers. But getting rid of certain kinds of bugs can be very costly, complicated, toxic, and even require you to leave your home while the fumigation takes place. So the discount may not actually be as rosy as it seems. Lenders do not usually close on a traditional home loan with a serious pest issue because it may present a health and safety issue.
6. Electrical Problems
A general home inspection will cover basic electrical items, but some buyers opt for an additional electrical inspection. Depending on when the home was built, there could be improper or even dangerous wiring throughout the house. That could affect eligibility for home financing due to health and safety issues, increase the fire risk in your home, or affect how you budget for buying the house.
7. Neighborhood Troubles
You might have found a beautiful home, but what if the location isn’t ideal? If your home is in a neighborhood that has a high number of vacant properties, a high crime rate, or a poorly rated school system, your investment might not pay off. Ask your real estate agent and neighbors about the neighborhood, stop by at different times, search for the area’s crime statistics, and check out the reputation of local schools. 💡 Quick Tip: Not to be confused with prequalification, preapproval involves a longer application, documentation, and hard credit pulls. Ideally, you want to keep your applications for preapproval to within the same 14- to 45-day period, since many hard credit pulls outside the given time period can adversely affect your credit score, which in turn affects the mortgage terms you’ll be offered.
8. Homeowners Association Problems
If you’re moving into a development with dues, you’ll want to know more about the homeowners association (HOA). Your lender will likely require you to obtain a completed Homeowners Association Questionnaire, and once this form is completed, it could answer many of the questions you may have, such as: How much are the HOA fees? What are the rules around making changes to your property? Is there any pending litigation against the condo association? Can you rent out your place or use it as an Airbnb when you go on vacation? Before you put in an offer, it’s a good idea to find out the answer to these or any other issues of importance to you and your family.
9. DIY Improvements
Watch out for shoddy renovations. If the house looks like it has undergone a recent facelift, have a close look at the workmanship. If there are visible shortcuts, there may be other areas of the house that weren’t properly renovated that could cause you headaches in the future. Check them carefully and make sure the major improvements or additions were done with the proper permits.
10. Older Windows
Older windows could translate into higher heating and cooling costs for your home. Moisture leakage can cause mold issues over time. Those costs add up, so you’ll want to add windows to your list of things to look at when buying a home. On your house tour, look for windows that stick, have discoloration around the indoor casing, or are warping. Updating windows (or replacing them completely) could be costly.
The Takeaway
In certain situations, a buyer may consider making an offer on a house even with one or two of these home inspection red flags. But before committing to a property that needs TLC, you’ll want to add up what the potential repairs may cost. Doing the math now could mean fewer financial surprises when you move in. And in some cases, it may be possible to negotiate with the seller so that major issues are addressed before the closing.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
Photo credit: iStock/Jitalia17
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Do you have books gathering dust in your basement or on your shelf? If so, you can make some extra cash by learning how to sell used books. The amount of money you can make selling used books varies. Typically, college textbooks pay the most and you may be able to make around $100 per…
Do you have books gathering dust in your basement or on your shelf? If so, you can make some extra cash by learning how to sell used books.
The amount of money you can make selling used books varies. Typically, college textbooks pay the most and you may be able to make around $100 per textbook sold.
You can sell many other types of books as well, such as chapter books, children’s books, romance novels, and more.
An easy way to find out how much your used books are worth is by using Book Scouter. With Book Scouter, all you need to do is enter the ISBN and they will tell you how much you can possibly get for the used book.
We have sold books plenty of times over the years, as well as have bought used books. It’s a great way to make extra money!
17 Best Places To Sell Used Books
Below are the best places and sites to sell used books.
1. Decluttr
Decluttr is a platform that lets you sell items like books, clothes, electronics, and more.
To get started selling books on Decluttr, you need to create an account on the website. Next, click the ” Start Selling” button and enter the ISBN or barcode of the book you want to sell. Once you do this, Decluttr will give an instant valuation based on the condition and demand of the book.
Once an offer is accepted, you’ll receive a confirmation email with a prepaid shipping label. Print the label and put it on a box and pack your books in the box. When Decluttr receives your items, you’ll receive payment either through direct deposit or PayPal.
2. AbeBooks
AbeBooks is a popular online platform for selling new and used books, along with art and collectibles. You can sell rare books (such as a first edition book), textbooks, maps, comics, and paper collectibles on AbeBooks.
To get started selling on AbeBooks, create an account under “Start Selling”. Once your account is set up, you can start listing books. You will need the ISBN, condition, title, author, and price of the book you’re selling.
When a buyer purchases one of your books, AbeBooks notifies you. Then, you’ll pack the book securely and ship it straight to the buyer.
3. Amazon
Amazon is a popular site to sell used books online.
To get started selling books on Amazon, create an Amazon Seller account. Click “Sign Up” and fill out the information needed like payment and bank account details for receiving payment. Now you can list your books by finding the “Inventory” tab and selecting “Add A Product”. Enter the ISBN code to find your book and provide details about the book’s condition, price, and shipping options.
Once a book is sold, Amazon notifies you and you can begin the shipping process.
Recommended reading: 16 Best Ways To Get Paid To Read Books
4. Barnes and Noble
Barnes and Noble has a Textbook Buyback program where they buy certain textbooks for a fair price. This is a great program if you have textbooks you’re no longer using and want to make some money.
To get started with the Barnes and Noble Textbook Buyback program, locate the ISBN number on the back of your textbook and enter the number. You must have $10 worth of books to sell in order to participate in the book buyback program. Once you’ve entered your ISBN number, you will receive a quote from Barnes and Noble, and from there you can accept the quote and submit the book return.
5. Craigslist
Selling used books on Craigslist is an easy and quick method to get rid of books. First, you’ll need to create a Craigslist account and choose your location. Create a new listing and select the books category. Fill out details for the book including clear pictures of the book, condition of the book, and other relevant information (hardcover, paperback, ripped pages, etc.)
With Craigslist, it’s important to coordinate a safe place for the exchange and some sellers choose places like libraries, police station parking lots, or coffee shops.
6. eBay
eBay is a great place to sell used books due to its wide customer base and trust in the marketplace. You have the flexibility to set your own pricing on eBay and creating listings on the site is incredibly easy. If you have rare books, you can even set up an auction for bids, which can sometimes result in higher prices.
To sell books on eBay, you must have an eBay account. You can start listing your books under “Sell” link at the top of eBay’s website. You pay a final value fee whenever your item sells.
7. Valore
Valore is a platform specifically for selling and purchasing textbooks. The Valore platform is user-friendly and easy to use. All you need to do is enter the ISBN of the textbook and you’ll receive an instant quote, and Valore covers shipping the textbook to their warehouse and pays out via check or PayPal.
Keep in mind, that selling textbooks to platforms like Valore may end up making you more money than selling your textbooks to a local college bookstore. Campus bookstores are notorious for paying low prices for textbooks and campus stores are limited to how many textbooks they can purchase.
8. Sellbackyourbook.com
Sellbackyourbook.com is a website where you can sell used books online for cash. This site specializes in purchasing textbooks.
To sell your textbooks, all you have to do is enter your book’s ISBNs to receive instant price quotes for your books. You also need to provide shipping information and print a shipping label from the website. You do not have to pay for shipping.
You’re responsible for packing and shipping the books to the designated address. Once the textbooks are received and the condition is verified, you’ll receive payment either by check or PayPal.
9. Half Price Books
Half Price Books is an in-person store where you can sell your books in person for cash or store credit. The staff at Half Price Books assesses the condition of the books you’re selling and the demand for the book, and gives you a price based on those factors.
Besides books, Half Price Books also buys music, movies, collectibles, comics, magazines, games, and electronics. When selling items at Half Price Books, you need to have a government-issued ID with you and be at least 18 years of age. If you’re under 18 years old, a parent/guardian must be with you.
10. Powell’s Books
Powell’s Books is a bookstore located in Portland, Oregon. The store has an online and in-person program for buying used books. The online buyback program does payouts through PayPal. If you sell books in person, payouts are in the form of Powell store credit.
To sell books to Powell’s Books online, all you need to do is scan or enter the ISBN of the books you want to sell. You’ll receive an instant quote. If you’re happy with the quote, package the books and drop them off at a local UPS store.
11. Chegg
Chegg is another online textbook store that has a textbook buyback program. Chegg works with an independent buyer called GoTextbooks which purchases textbooks.
To get started, enter the ISBN of the textbook and find out what you’ll get paid for your book. Next, you’ll print a free shipping label and ship your book to their warehouse. As soon as your book is received, you’ll receive payment. Textbooks need to be in fair condition or better.
12. BooksRun
BooksRun is a website that buys books. To get started, enter the ISBN number on the back of the book and you’ll receive a quote. Books ship for free with a QR code, so you don’t even need to print out a shipping label yourself. Once the book is received, you’ll receive a check or PayPal within 4 days.
There’s also a BooksRun app that makes it even easier to sell your books.
13. Bookscouter
BookScouter is an online book buying program where 30+ vendors compete to buy your books and this is one of the best apps to sell used books. You can compare offers with a single search, making it incredibly easy to find the best place to sell your books. BookScouter shows you the highest buyback price and will even track price changes and send you price alerts.
There’s even a BookScouter app, making it as easy as possible to sell your books online. Books must be in new or in almost new condition and cannot have missing pages, broken spines, excessive writing or highlighting, or water damage.
14. Cash4Books
Cash4Books is a platform that buys books for cash. To get started, take a picture of your collection of books and then you’ll receive a quote.
Cash4Books is known for buying 500+ books at a time at estate sales and similar places. They specialize in buying personal academic collections and are interested in non-fiction and academic titles of all kinds.
This platform is not interested in buying 1 or 2 books at a time, but instead wants to buy hundreds of books at once.
15. Your college bookstore (for textbooks)
If you want to sell your college textbooks as soon as possible, visit your local campus textbook store. Gather all of the textbooks you want to sell and make sure they are in good condition with minimal highlighting. Most college bookstores require a student ID to buy back your textbooks, so make sure to bring it with you.
Make sure to clean your books and wipe off any dust or debris. Visit the bookstore during open hours and the staff will evaluate the condition of the book and check if the book is needed for upcoming courses. If the book is needed, the staff will make you an offer based on the condition of the book and the current demand.
We have sold plenty of college textbooks over the years, and it is very easy to do!
Tip: If you’re in college, buying used college textbooks is also a great way to save money while you’re in college! Both me and my sister did this and it saved us hundreds of dollars each semester on books for our classes.
16. Local book store that accepts used books
It’s also a great idea to check local bookstores to see if they buy used books. Depending on the desirability and condition of the book, your local bookstore may want to buy it from you.
Call or email local bookstores to see if they have a buyback program for used books. You can also ask them what kind of books they’re interested in buying or take all of the books you’re wanting to sell straight to the bookstore. The bookstore staff will give you a quote and either pay you in cash or store credit.
I love local bookstores for this reason – I can find great used books for a fraction of the cost. Plus, you can find limited edition and more rare books at local book stores too.
17. Garage sales and yard sales
One of the easiest places to sell used books is at a garage sale or yard sale. It’s important to know you’re probably going to get the least amount possible for your books since you’ll have a much smaller customer base.
Most books at garage sales go for less than $1 and oftentimes go for 25 cents each. But, there are no shipping costs or monthly fees and all you have to do is put them outside, so that is very easy!
Make sure to advertise your garage sale online in Facebook groups and by posting flyers around town and letting people know that you are selling books for a deeply discounted price.
Also, if you want to just declutter your books and home, and you don’t care about making money, then another option is to simply donate your used books to a place like Goodwill.
Frequently Asked Questions About The Best Places To Sell Used Books
Below are answers to common questions about the best places to sell used books.
Where can I sell used books for the best price?
The best places to sell used books include Amazon, eBay, BookScouter, and Decluttr. Getting the best price for books depends on things like the condition of the books (are there stains?), market trends, and demand for the book.
How much money can you make selling books?
The amount of money you can make selling used books depends on a few factors, including:
Genre of the books
Target audience
Marketing strategy
Demand for the book
The most popular genres include mystery, romance, and science fiction. These books often have a larger read base which makes selling used books in this genre much easier.
How can you increase your earnings on used books?
There are many ways to increase your profit when selling used books, including:
Clean the book and get rid of dust before selling
Be transparent about the condition of the book
Include free shipping for your used books
Package books with care
How can I find out how much my books are worth?
One way to find out how much your used books are worth is by using Book Scouter. All you need to do is enter the book ISBN number and they will tell you how much you can possibly get for the used book.
What kind of books can you sell?
The types of books that sell best include textbooks, comic books, hardcovers, popular fiction, and more. You can sell any type of book!
Is Amazon a good place to sell books? Can you still make money selling used books on Amazon?
Amazon is a good place to sell books online because of its large customer base and global reach. You will have competition on Amazon, but with the platform’s wide reach, you’ll have a chance to attract multiple buyers looking for your books.
You can fulfill orders yourself or use Fulfillment by Amazon (FBA) which is where Amazon handles the storage, packing, and shipping of your books. This can save you a lot of time. Also, you get access to Prime members which means your books may qualify for Amazon Prime shipping, which makes your books more appealing to customers who have Prime.
Does Barnes and Noble buy used books?
Barnes and Noble is primarily focused on buying textbooks and you must have $10 worth of books to sell in order to participate in their buyback program.
Best Places To Sell Used Books – Final Thoughts
I hope you enjoyed this article on the best ways to sell used books.
There are many places to sell books ranging from online platforms like Delcuttr or Amazon or selling in person at bookstores like Half Price Books or Powell’s Books.
To get the most money for selling your books, enter the ISBN code on several different websites to find who will give you the best quote.
If you have a stack of books collecting dust, you might as well make some extra money with them!
Have you sold used books in the past? Where’s your favorite place to sell your old books?
An upcoming new year brings excitement for new opportunities, both big and small. The ability to reset your space by cleaning, reorganizing and decorating is one exciting venture renters can join. As you embark on the journey of refreshing your living space for the new year, don’t overlook the small yet impactful task of cleaning your baseboards— a simple step that can contribute to the overall cleanliness and aesthetic appeal of your home.
Cleaning baseboards is a simple task that not only enhances the visual appeal of your living space but also promotes a healthier indoor environment by eliminating dust and grime. We’ll help you kick off your new year on the cleanest note with this ultimate cleaning baseboards guide.
Materials needed
For those baseboards to sparkle, gather these materials. We recommend utilizing gloves as well, to protect your hands from any cleaning products.
Microfiber cloth
Sponge
All-purpose cleaner or Bucket of soapy water and white vinegar mixture (1:1 mixture)
Broom
Vacuum cleaner
Dryer sheets
Old toothbrush (optional)
Magic Eraser (optional)
How to clean baseboards: Step-by-step guide
Now that you’ve gathered your materials, it’s time to tackle those baseboards. Depending on your cleaning style, this guide is a little more meticulous; however, the satisfaction of seeing your baseboards restored will make for a worthwhile effort.
1. Remove any loose dirt
Take your broom and go over the baseboards to remove any accumulated dust or crumbs. You’ll go in for a deeper clean in the next steps, this is just to remove the loose layer of dust to get to the deeper grime. Once you’ve gone over your baseboards a few times with your broom, vacuum the surrounding floor area to clean the loosened grime.
2. Select your cleaning solution
You have a few options for this step, your selection boils down to what you have on hand. Depending on what room the baseboards you’re cleaning are in (some are dirtier than others), you may need extra strength cleaning solutions to fully remove dirt and grime, we recommend all-purpose cleaner for dirtier baseboards while soapy water and vinegar work better for standard dirt and grime.
If you have an all-purpose cleaner or cleaning wipes of any sort, you can utilize those for this step. If you’re using a spray cleaner, dilute it with a little water and utilize either a microfiber cloth or sponge for application. Wipe over the baseboards, scrubbing in circles over dirtier or grimier spots.
If you don’t have any all-purpose cleaner on hand, don’t worry. You can create a 1:1 solution of soapy water and white vinegar to work as your baseboard cleaner. Use a sponge to wipe over the baseboards, paying extra attention to any stained spots or caked-on dirt.
3. Fight tough spots with a Magic Eraser (optional)
Once you’ve done a base level of cleaning, with your cleaning method of choice, there may be spots that remain. These spots need a tougher agent to break through the dirt and grime. Use a Magic Eraser according to user instructions to scrub through these tough stains. Typically, dirtier baseboards are those that are in stain-prone rooms like entryways and kitchens.
If you don’t have this product on hand, you can utilize an old toothbrush or cotton swabs, dipped in your cleaning solution of choice, to scrub extra tough spots.
4. Dry your boards
When the boards are cleaned to your liking, take your microfiber cloth and swipe over your baseboards. This is an important step as it prevents any water damage from your baseboards.
5. Regularly maintain
Maintain clean baseboards by using a dryer sheet over them. Rubbing a dryer sheet across your baseboards prevents static which attracts dry dust. Utilizing dryer sheets is a simple way to ensure your hard work lasts.
Leave grimy baseboards behind
Source: The Moulding Company
Cleaning your baseboards is a chore that not only helps your home appear tidy but creates a better living environment by eliminating cumulated dust. A person’s surrounding environment is shown to impact their mental health and well-being, so a deep clean can ensure one heads into the new year with a refreshed and revitalized living space, setting the stage for a positive and organized start.
Looking for a new, clean start for the new year? Take a look at available apartments and houses for rent here.
Featured image source: Martha Stewart
Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.
Somewhere between a sunroom and basement lives the daylight basement. Unlike basements that live entirely underground, daylight basements are only partially underground. Their defining trait is at least one or more windows that let the “daylight” in.
So, why are renters looking for properties with this unique space? With some imagination and a little design savvy (or a friend with some), you can turn these spaces into cozy family rooms, a playroom for the kids or a guestroom. Really, these rooms offer nearly endless possibilities. Let’s discover why renters are searching for the elusive daylight basement and what you can do with it once you find one.
What is a daylight basement?
Daylight basements are partially underground rooms with at least one full-sized window. And that’s about it. As you can imagine, they come in nearly every size and shape, with many found in homes built on slopes. This natural topography offers the ability to build into the sloping terrain, creating a space that’s partly in the ground yet has a window and a view.
These unique spaces are sometimes confused with walkout basements. However, unlike a walkout basement, daylight basements don’t have exterior doors.
What are the benefits of a daylight basement?
In addition to more room, which is almost always appreciated unless you’re a tiny-house aficionado, daylight basements offer several advantages.
Natural light: The natural light brings daylight indoors, providing a connection with nature. It’s a much more welcoming environment than basements with no outside view, enhancing the livability.
Expand the living area: Daylight basements can add significant usable square footage to your rental.
Cooler: Depending on where you live and the season, this feature can fall into the plus or minus column. Because they’re partially underground, they tend to be cooler than the rest of the house. It’s part of the reason basements first gained appeal. They offered a colder location to store food, mead and ale, helping these vital necessities last a little longer.
A room with a view: Need we say more?
Feels like a living space: Unlike basements that can feel dark and uninviting, the natural light of a daylight basement creates a warm and welcoming atmosphere.
What are some problems with daylight basements?
As with any room that’s partially below ground, there are a few challenges you may face.
Leaks: Because these rooms are lower than the rest of the house and partially subterranean, they’re more susceptible to leaks, excess moisture and water damage. Water can seep through the walls or find its way through any cracks in the foundation. If unchecked, this damp environment can lead to mold and mildew. Fortunately, the natural light makes daylight basements less susceptible to mold growth than in-ground basements.
Limited sunlight: Depending on the slope of the home and the direction it’s facing, there may be limited sunlight. If this is the case, consider asking your landlord for permission to paint it. Light-colored ceilings and walls, as well as mirrors, help make the space feel more open and brighter.
What is a daylight basement used for?
This extra space is up for grabs. Is there an artist in the family? Would a home office be beneficial? Maybe a home gym or a place for the kids to be, well, kids. Possibly a craft room, mancave or music room?
Here are a few of the top daylight basement design trends:
Game or media room: Do you enjoy entertaining or game night with the family? Daylight basements offer the perfect space for bringing everyone together. Depending on the size, you might consider a foosball or pool table, sitting areas for card and board games and a wet bar. Add a 4K HDR TV with a soundbar or speakers, and you’re prepared for the ultimate entertainment.
Home office: It can be challenging to fit a home office into a rental property, with bedrooms often destined for family members. This quiet, light-filled space can provide the ideal retreat, a place to work or read a good book. No one will know.
Home gym: We all struggle with finding the time (or the motivation) to work out. Having a room dedicated to keeping fit is nothing if not inspirational! Some popular options for home gym equipment include an elliptical or stair climber, stationary bike, punching bag, bench press or treadmill. Of course, you can always turn it into a hot yoga studio with some mats, blocks and a heater that can get the room to at least 90 degrees Fahrenheit.
When decorating your new space, check out our home decor color trends and the top 2023 Amazon home decor and furnishing selections for inspiration.
Depending on the setup, another option for your daylight basement may be subletting. Some renters, with the landlord’s permission and an okay from the local municipality, sublet the space, helping to defray the cost of the rental.
Is a daylight basement right for you?
It’s hard to beat a functional and stylish daylight basement. However, the added square footage often translates to higher rent. Consider your budget and how you would use the space to help you determine if this unique architectural addition is worth the cost. Also, make sure to check for excess moisture or mold before signing the lease.
Try to find the right place for you by searching our apartments and homes for rent in your target city.
In the heart of the Pacific Northwest, the Seattle housing market is a fascinating real estate scene. Underscored by competitive pricing and swift sales, the Seattle housing market is a hotbed for homebuyers and investors alike.
With so much heat surrounding this constantly evolving market, there has never been a better time to take the first few steps toward fully understanding the nuances of owning or renting a home in the heart of the Pacific Northwest.
Stay tuned as we break down some of the most interesting aspects of the Seattle housing market and provide some examples of how the financial reality of owning a home in the Emerald City compares to renting an apartment.
The Seattle housing market
As we delve into the intricacies of the Seattle housing market, a key takeaway emerges, the median sale price of a Seattle home has experienced a decrease of 2.6% year-over-year to rest at $800,000. This adjustment, while subtle, is still noteworthy because it may signal a temporary (or longer) breather in the otherwise bustling Seattle housing market.
Despite this marginal cooling, the pace of Seattle’s housing market remains upbeat. Homes here are scooped up off the market after a mere 14 days on the market, a notable uptick from the previous year’s 17-day benchmark. This brisk pace of sales is emblematic of a persistent demand for housing in Seattle at all price points.
Seattle home sales
While the median home sale price has dipped slightly, the amount of sales tells a more complex story. In September 2023, the Seattle housing market saw a sales volume of 635 homes — a sharp 21.3% decrease from the previous year. This shift in volume may reflect a multitude of narratives, from inventory flux to economic uncertainty influencing buyer behavior.
Competition in Seattle’s housing market
In the competitive Seattle housing market, homes not only sell fast but often above the asking price, too. The current market sees homes achieving 99.9% of their listed value, with about 27.9% of them closing above the listing price. This increase in homes selling over the asking price — a jump of 6.6 percentage points from last year — highlights the vigorous competition among qualified buyers.
Seattle housing market migration
Migration trends play a role in Seattle’s housing market. The recent data shows that a striking 82% of homebuyers in Seattle are choosing to stay within the metropolitan area. Yet, for those looking to move into Seattle from the outside, the city is drawing crowds from metros like Louisville, San Francisco and Los Angeles.
Conversely, Seattleites who are eying an exit tend to cast their gaze toward places like Spokane, Phoenix and Wenatchee, perhaps seeking different economic conditions or even a slower pace of life.
How climate affects the Seattle housing market
With environmental concerns increasingly playing a role in housing decisions, the Seattle housing market faces a moderate assortment of environmental risks, namely in flood and water damage.
The minor risk of wildfires and negligible concern for severe winds strike a chord with those weighing up the safety of their investments against the changing climate measures. All in all, Seattle is not as risky, in terms of environmental concerns, as many other cities on the West Coast.
Life in Seattle
Beyond the numbers, the quality of life in Seattle contributes to its market’s prowess. With high walkability, transit accessibility and bike-friendly streets dramatically lessening some of the more annoying and persistent noises that often plague life in larger cities, there’s a certain peace in Seattle that is truly difficult to find in other cities of comparable size.
Settle down in your ideal Seattle home
Seattle remains an enduring epicenter for real estate activity in the Pacific Northwest. The market’s recent dip in pricing and pace sets the stage for a complex interplay of supply, demand and economics. For those tuned into the nuances of real estate, the Seattle housing market presents a dynamic opportunity, one that calls for savvy negotiation and an appreciation for the city’s unique lifestyle composition.
Renting in Seattle
Just as the Seattle housing market has its own unique ebbs and flows, the city’s rental market does as well. The nuances of renting in Seattle offer a range of experiences, from solo living in studios to too many roommates in two-bedroom apartments, any number of renting scenarios is possible in the Emerald City.
Current rent prices in Seattle
Seattle’s rental market, as of late 2023, reveals prices that cater to a diverse audience of renters. For those seeking the compact convenience of a studio apartment, the average rent has dipped to $1,422, a significant decrease of 16% from the previous year. This downward trend presents a more accessible entry point for individuals looking to enjoy city life on a budget.
For one-bedroom apartments, the average rent rests at $2,145, reflecting a 10% decrease compared to prior figures. For those requiring more room to compose their lives — perhaps a couple or a small family — this price point offers the extra space with just a moderated increase in cost.
For two-bedroom units, the average rent comes in at $2,991, a 12% reduction from previous years. This adjustment in the rental market may resonate well with those looking to harmonize affordability with the need for more expansive living quarters.
Seattle rent ranges
The makeup of apartment prices in Seattle’s rental market reveals that 30% of the apartments hit the middle range of $1,501-$2,100, indicating a substantial segment of the market is oriented towards moderate pricing. Meanwhile, a smaller, yet noteworthy, 19% of apartments fall between $1,001-$1,500, showcasing the availability of lower-priced units that attract budget-conscious renters.
Interestingly, apartments priced at $701-$1,000 comprise a mere 4% of the market, illustrating the rarity of finding such affordability within the city limits. The absence of units in the $501-$700 range is a silent note in the city’s rental market score, underscoring the premium placed on living in Seattle.
Finding your space in Seattle’s rental market
Seattle’s real estate and rental markets are full of complexities and variations. Despite recent dips in average rent prices, providing a softening counterpoint to the competitive housing sales market, Seattle’s rental market maintains a steady rhythm of demand with just enough supply to get by.
With its strong economy, scenic charm and cultural relevance, Seattle continues to attract people from across the country and throughout the globe. Whether people are drawn to the city’s rental market as a prelude to homeownership or as a long-term lifestyle choice, Seattle is home to a range of living options that suit different lifestyles and budgets.
Does Seattle sound like the place for you? The perfect Seattle apartment is only a few clicks away.
Homeowners insurance sold through independent agents in California and select other states.
Coverage options
More than average
Great set of discounts
NAIC complaints
More than expected
Mercury
Homeowners insurance sold through independent agents in California and select other states.
Coverage options
More than average
Great set of discounts
NAIC complaints
More than expected
Mercury is one of the biggest home insurers in California, but it also sells homeowners policies in several other states such as Texas, Virginia and New York. Its policies generally come with extra dwelling coverage in case your house costs more than expected to rebuild after a fire or other disaster. Mercury sells homeowners insurance through independent agents.
How we rate homeowners insurance companies
Our star ratings are based on consumer complaint data from the National Association of Insurance Commissioners; financial strength grades from AM Best; coverage and discounts available; and the overall consumer experience. See our criteria for evaluating home insurance companies.
Why you can trust NerdWallet
Mercury home insurance star rating
Mercury homeowners insurance earned 4 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account coverage and discounts, ease of filing a claim, website transparency, financial strength, complaint data from the National Association of Insurance Commissioners and more.
State availability
Mercury sells homeowners policies in 10 states.
Mercury home insurance star rating
Mercury homeowners insurance earned 4 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account coverage and discounts, ease of filing a claim, website transparency, financial strength, complaint data from the National Association of Insurance Commissioners and more.
State availability
Mercury sells homeowners policies in 10 states.
Mercury home insurance coverage
You can customize your homeowners policy with numerous add-ons, but below are the types of coverage that generally come standard:
Type of coverage
What it does
Pays to repair or rebuild the structure of your home.
Covers damage to unattached structures such as sheds or fences.
Pays to repair or replace personal belongings such as furniture or clothing.
Pays for hotel stays, restaurant meals or other expenses if you have to live elsewhere while your home undergoes covered repairs.
Covers legal expenses and damages if you’re responsible for injuries to other people or their property.
Covers injuries to guests in your home, regardless of fault.
Mercury’s homeowners policies include all the standard types of coverage above. They may also include the following:
Replacement cost coverage for personal property, which pays enough to buy brand-new replacements for damaged or destroyed belongings. Without this coverage your insurer would pay the items’ actual cash value, which reflects depreciation.
You may be able to add the following optional types of coverage to your policy:
Equipment breakdown coverage for repairs to air conditioning systems, kitchen and laundry appliances, water heaters, electrical panels and more.
Service line coverage, which pays up to $10,000 per claim for repairs to or replacement of damaged service lines, such as sewer, water and gas pipes. Without this coverage, you would be on the hook for these repairs, even though they connect to city-owned or utility-owned lines.
Additional coverage for valuables, such as jewelry or fine art.
Personal cyber coverage, which reimburses you if you’re the victim of an online attack such as online fraud or extortion, up to $50,000 with a $500 deductible.
Water backup coverage to pay for damage from backed-up drains or failed sump pumps.
For California homeowners who have fire coverage through the state’s FAIR Plan, Mercury offers difference in conditions insurance to cover scenarios the FAIR Plan won’t, such as theft, personal liability and water damage from broken pipes.
Discounts
Depending on where you live, you may be able to save by:
Owning a newer home.
Having fire-resistant construction materials in your home.
Living in a gated community.
Having multiple policies with Mercury (also known as bundling).
Installing protective devices such as smoke alarms, deadbolts or water leak detectors.
Not filing any claims for at least three years.
Signing up for electronic billing.
Protecting your home against wind damage.
Getting a quote in advance of when you need coverage to start.
Being a recent homebuyer.
Taking steps to prevent wildfires or living in a community recognized by the National Fire Protection Association as a Firewise USA site (California only).
Consumer complaints
Mercury had more than the expected number of complaints to state regulators relative to its size for home insurance, according to three years’ worth of data from the National Association of Insurance Commissioners.
Consumer experience
Website: On Mercury’s website, you can pay bills, view policy details, request changes and file claims. However, you’ll need to contact an agent to get a homeowners quote.
App: You can use Mercury’s app to see policy information, pay bills and contact customer service.
Claims: Mercury offers 24/7 claims filing online or at 800-503-3724. Once you’ve submitted your claim, you can check its status through your online account. Learn more about how to file a home insurance claim.
Customer service: For support, contact your agent, call 800-503-3724, send an email through the website or chat live with a representative.
Where Mercury stands out
Coverage. Mercury’s default policies generally include an extra cushion for your dwelling coverage, plus replacement cost coverage for your personal belongings. These are both more generous types of coverage than many standard homeowners policies have.
Discounts. Mercury offers plenty of ways to save money on homeowners insurance.
Where Mercury falls short
Availability. Mercury’s homeowners insurance is available in only 10 states.
Consumer complaints. Mercury draws a higher volume of complaints to state regulators than expected for a company of its size.
Is Mercury home insurance right for you?
Mercury homeowners insurance isn’t available to most Americans, but if you live in California or one of the other states the company serves, its policies are worth considering. It’s ideal for someone looking to work with an agent to find the coverage they need.
Current Product
Complaints to NAIC
More than expected
Complaints to NAIC
Fewer than expected
Complaints to NAIC
Close to expected
Coverage options
More than average
Coverage options
About average
Coverage options
More than average
Discounts
Great set of discounts
Discounts
Average set of discounts
Discounts
Great set of discounts
Bottom line
Homeowners insurance sold through independent agents in California and select other states.
Bottom line
Travelers offers strong coverage and decent discounts, but home insurance isn’t available in all states.
Bottom line
Big national brand with plenty of discount options.
Other home insurance companies to consider
Not ready to make a decision? You may be interested in these other homeowners insurance companies:
Frequently asked questions
Is Mercury good for homeowners insurance?
Mercury offers solid coverage and many ways to save on your policy, but it draws more consumer complaints than expected. Overall, the company’s homeowners insurance earned 4 stars out of 5 from NerdWallet.
Who owns Mercury insurance?
Mercury General Corporation is a public company that owns more than a dozen insurance subsidiaries, including Mercury Insurance Company and Mercury Casualty Company.
What other types of insurance does Mercury sell?
Mercury sells a variety of other products, including auto, condo, renters and umbrella insurance. Read our Mercury auto insurance review to learn more.
The cost to replace a chimney ranges from $1,000 to $15,000, depending on the type and size of the chimney. You can install a smaller or prefabricated chimney for $1,000 to $5,000, but a full masonry chimney replacement cost can reach $15,000.
Below, we’ll explain new chimney cost factors, break down labor and materials expenses, discuss financing options, and help you determine if you might be able to replace the chimney yourself.
Chimney Replacement Costs: An Overview
How much does a chimney replacement cost? Anywhere from $1,000 to $15,000. A full chimney replacement is on the higher end of that range while a partial replacement — or a basic prefab chimney installation — is on the lower end.
In some cases, it might be possible to repair the chimney instead of replacing it. Chimney repair costs typically range between $1,000 and $3,000, though it varies depending on the extent of the damage.
Recommended: The Ultimate Home Maintenance Checklist
Full Chimney Replacement
A full chimney replacement costs between $5,000 and $10,000 — or up to $15,000 in some cases. Prefabricated chimneys are the lowest-cost option. You’ll pay moderate prices for a metal chimney and the highest prices for a brick chimney.
Partial Chimney Replacement (Rebuild)
You may only need to replace part of a chimney, like the stack, which extends above the roof. In other cases, you may need to pay for the repair of specific elements, like collapsing mortar, a damaged chimney crown, or a cracked flue.
Partial chimney replacement costs may top out at $5,000 while repair typically ranges between $1,000 and $3,000 per job.
Recommended: Home Improvement Calculator
Chimney Installation Labor Cost
Labor makes up a large portion of the cost to replace a chimney. Depending on your geographic location, if you can reach the chimney by ladder or you need scaffolding, and the type of chimney being installed, labor rates may range from $50 to $150 an hour for an experienced mason.
You will usually need to hire a structural engineer before the mason can begin their work, which adds to your overall labor costs. Depending on where you live, that can cost around $500.
Chimney Installation Material Costs
Material costs vary depending on the type of chimney being replaced, rebuilt, or repaired. Prefab chimneys have lower material costs while masonry chimneys require more expensive materials like bricks and mortar.
Chimney Installation Cost Financing
Paying for a new chimney — or even a more basic chimney repair — can be difficult on a tight budget. If you don’t have the money in emergency savings, you can explore other options like:
• A payment plan with the contractor: Ask the contractor if they can set you up with a payment plan over a set number of months, rather than requiring the full payment all at once. Costs may be higher if you go this route.
• A credit card: Some contractors will let you pay with a credit card but be careful. Your credit card may have a high APR, and if you can’t afford to pay the full bill at the end of the month, you could end up paying a lot of interest, which will make the new chimney even more expensive.
• A home improvement loan: Home improvement loans are a low-cost option for homeowners. These personal loans typically have a lower interest rate than your credit card, and you can choose repayment terms — often three to five years — that make sense for your budget. A personal loan can be a cost-effective way to pay for common home repair costs.
• Home equity loans: Homeowners can also tap into their home equity with a home equity loan or home equity line of credit (HELOC).
Before you decide on the best financing option, you will want to compare the difference between home equity loans vs. home improvement loans.
Can I Replace the Chimney Myself?
A chimney replacement requires special skills and training. A lot can go wrong if you install or repair a chimney incorrectly. It could become a fire hazard or potentially collapse. No matter your DIY skills, we highly recommend hiring a qualified mason to tackle all repairs and replacements.
Recommended: How to Keep Inflation From Blowing Your Home Reno Budget
What Factors Impact a Chimney Replacement Price?
Several factors can impact your overall chimney replacement cost, including:
• Permits needed: You’ll almost always need to get a permit for larger chimney replacement projects. Permit costs vary depending on your state and municipality.
• Level of work required: Wholesale chimney replacements cost significantly more than minor work. For example, chimneys may just require some repointing or tuckpointing to keep them in good shape, or you may need to replace the crown or cap or only rebuild the stack. If you have to replace the whole chimney, it may require demolition, which can be expensive. Talk with your contractor about the extent of the work to get a better idea of the total chimney installation cost.
• Type of chimney: Prefab chimneys are the most affordable to install. You’ll spend more to replace a metal chimney, but the most expensive type of chimney to replace is a brick one.
• Size and location: Larger chimneys will cost more to replace than small ones. Chimneys that are easy to access (by ladder, for example) are also more affordable to repair or replace. If the positioning of the chimney makes it harder for the contractor to access, labor costs will be higher.
Signs Your Chimney Needs to Be Replaced
How do you know when it’s time to replace your chimney? Here are a few signs to watch for:
1. Crumbling brick: If the brick is visibly crumbling or deteriorating, call a mason quickly to determine the extent of the damage and begin the repair or replacement work.
2. Leaks: If your chimney is the source of leaks (look for water damage to the surrounding walls and ceiling), it’s time to call a contractor to look at it.
3. Cracks: It’s good practice to have your chimney inspected each year. During the inspection, the contractor will look for large cracks. These could be a sign that it’s time to repair or replace the chimney.
The Takeaway
Chimney replacement costs can range from $1,000 to $15,000 — it’s not a cheap project, but luckily, it’s also not a common one. Get your chimney inspected every year, and keep up with regular maintenance and cleaning. Unless there’s unexpected storm damage or the chimney is old, you may not have to replace the chimney the entire time you live in your home.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.
Replace your chimney asap with a home improvement loan from SoFi.
FAQ
How long does it take to replace a chimney?
Basic chimney repairs can be quick: A professional should be able to repair a partially damaged chimney in one to four days. Significant damage may lead to longer timelines — in some cases, it might take weeks or even months to repair and rebuild a chimney.
Can I replace my chimney myself, or do I need to hire a professional?
Replacing and repairing a chimney requires specialized knowledge, skills, and equipment, not to mention physical strength. If you make even a small mistake when replacing your chimney, you might accidentally cause a leak, inadvertently create a fire hazard, or build a structurally unsound chimney that could collapse. Always hire a professional for this work.
What qualifications should I look for in a chimney replacement contractor?
When looking for a contractor to work on your chimney, always confirm that they are licensed and insured. You should also verify that they’re certified by the Chimney Safety Institute of America.
Ask the contractors if they offer warranties or guarantees for their work and read reviews online to make sure they provide quality services. You can also ask them for references.
How do I compare quotes from different chimney replacement contractors?
Before getting quotes from any chimney replacement contractors, read online reviews and ask the contractors about their licenses, insurance, and certifications. Only get quotes from qualified contractors.
When comparing quotes, look not just at the overall cost but also the timeline to ensure they can replace your chimney quickly, if needed. Also verify what is and isn’t covered in the quote. For example, has the contractor included the necessary permits, or is that a separate cost not part of the estimate?
You’ll also want to ask about their payment schedule and how they prefer to be paid (cash, check, or credit card, for example).
Are there permits or inspections required for chimney replacement, and how much do they cost?
When replacing a chimney, you almost always will need to get a permit and an inspection. The costs will vary depending on where you live, but you might pay up to $500 for an inspection by a structural engineer, and permits can reach $150.
How often should I replace my chimney, and what factors affect its lifespan?
A well-built chimney should last several generations of homeowners. In theory, you may never need to replace your chimney (but regular inspections are a good idea). If you do replace your chimney, you likely won’t need to replace it again as long as you’re in that house.
That said, certain elements may need to be repaired or replaced more frequently. Chimney liners, for instance, last 15 to 20 years, and mortar lasts 25 to 30 years.
Extreme weather, like high and low temperatures, hail, and earthquakes, may shorten a chimney’s lifespan, as can exposure to water. As your home settles over time, it may also lead to premature cracks in your chimney.
What are the risks of not replacing a chimney that is in disrepair?
If you ignore the signs that it’s time to replace or repair your chimney, you’re exposing your home to a lot of risk. Water could more easily get into your home, leading to mold and mildew. Walls, ceilings, and floors could deteriorate over time, and the inner workings of your chimney would be exposed to rust. Eventually, your chimney might collapse, leading to much more expensive and extensive structural damage to your home.
Photo credit: iStock/AntonioSolano SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Before you buy a homeowners policy, your insurer might require a home insurance inspection. This inspection isn’t the same as the one you had when you bought your house. Instead, it’s a way for insurance companies to see the condition of your home, evaluate your coverage needs and decide whether they’re willing to insure you. Keeping your home in good shape can help this process go smoothly and ensure you get the coverage you need.
What is a home insurance inspection?
A home insurance inspection helps insurers understand the risks of covering your house. It allows your insurer to figure out how much it would cost to rebuild your house and to spot any issues, like fire hazards or weak structures, that might lead to insurance claims in the future. This information helps the insurance company decide if your home is in good enough shape to insure, and if so, how much your premium should cost.
Not all homes will undergo these inspections. Your insurer might require an inspection if:
You have a high-value or older home.
You live in an area at risk of tornadoes, hurricanes, wildfires or other hazards.
What can you expect during a home insurance inspection?
You might not need to be present for an exterior inspection, but you will if the inspector is checking the interior of your home for things like wiring, plumbing and safety features. The inspection could take up to a few hours, depending on how detailed it is.
For an external inspection, the inspector may look at things like your roof, windows, doors and chimney. They may also check for hazards like overhanging trees or cracks in the walkways.
An interior inspection may involve examining walls, ceilings and floors for signs of water damage or pests. The inspector may also assess the state of your plumbing, electrical, and heating and cooling systems. They’ll often check safety features like smoke detectors, carbon monoxide detectors and security systems, too.
🤓Nerdy Tip
Your insurer may use your home insurance inspection to verify that you qualify for certain home insurance discounts. For example, many companies offer savings for having a home security system.
How to prepare for a home insurance inspection
Before your home insurance inspection, do your own thorough check to avoid being caught off guard by any problems. (You may want to hire a professional for some of these tasks.)
If you spot any potential issues, fix what you can or reach out to a contractor who can help. Here are a few key places to focus on.
Exterior of the house
Roof: Have a roofer check for damaged or missing shingles.
Gutters: Clear debris and ensure your gutters are secure.
Chimney: Look for cracks or loose bricks; consider a professional cleaning.
Trees: Trim branches away from the house.
Siding, doors and windows: Check for cracks, leaks and damage.
Walkways: Ensure there are no tripping hazards.
Yard: Remove loose debris and get rid of pools of water near your home that could lead to pests.
Interior of the house
Detectors: Ensure smoke and carbon monoxide detectors work.
Fire extinguisher: Check to make sure it’s operational.
Fireplace: Clean it out if you have one.
Windows, walls, doors and plumbing: Check for signs of leaks, cracks and pest issues.
Attic and basement: Look for signs of water or pest damage.
HVAC system: Have a professional clean and test your system.
What if you fail a home insurance inspection?
If your home doesn’t pass the insurance inspection, don’t worry — you have options. Make sure to act quickly. Being uninsured, even for a short time, is risky. A lapse in coverage can make it harder and more expensive to get a policy in the future. And if something happens while you’re not insured, you’ll be financially responsible.
Fix the issues
Your inspector may point out problems like a leaky roof or electrical issues. If your insurance company denies you coverage for fixable reasons like these, address them if you can.
Find a different insurer
If you were denied coverage because you live in an area at high risk for crime or severe weather, ask your neighbors who they use for home insurance. You can also ask the previous homeowners or reach out to a local independent insurance agent.
Not all companies have the same rules. Some insurers are pickier than others about the age of your roof, for instance. So if you can’t afford to get a new roof or make other major repairs, try another company. If one insurer says no, another might say yes.
Dispute the decision
If your insurer drops you due to a failed home insurance inspection and you don’t agree with the decision, you can dispute it. Be prepared to provide evidence to support your case, such as receipts for work you’ve had done on the house or a property assessment from an independent inspector.
You can also file a complaint with your state’s insurance department. It can conduct its own research into your claim and work with your insurance company to resolve the issue.
Look into state-run insurers
Many states have programs to help homeowners who struggle to get insurance. For example, Fair Access to Insurance Requirements (FAIR) plans are designed for high-risk homes that private companies won’t insure. An independent insurance agent can help you find programs like this in your area.
Imagine waking up to the gentle sound of waves, feeling the ocean breeze on your skin, and having breathtaking views right from your own home. If you’re dreaming of owning a piece of paradise in Florida, waterfront properties offer an enticing opportunity to turn that dream into a reality. In this comprehensive guide, we’ll dive into the world of Florida waterfront properties, covering everything you need to know about finding, buying, and enjoying your dream waterfront home.
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1. The Draw of Florida Waterfront Properties
Florida’s coastline boasts some of the most sought-after real estate in the country. From stunning beachfront homes to serene lakefront retreats and scenic riverfront properties, the options are diverse and captivating. Living on the waterfront provides not only a luxurious lifestyle but also a chance to connect with nature and enjoy an array of recreational activities.
2. Types of Waterfront Properties
Florida offers an array of waterfront options, each with its own unique charm:
Beachfront Properties: These properties offer direct access to the sandy shores and spectacular ocean views.
Lakefront Homes: Enjoy serene lake views, fishing, boating, and water-based activities.
Riverfront Residences: Perfect for boating enthusiasts, these homes provide access to navigable rivers and picturesque landscapes.
3. Choosing Your Ideal Location
The key to finding your dream waterfront home lies in selecting the right location. Consider factors like proximity to amenities, quality of schools, safety, and lifestyle preferences. Popular Florida waterfront regions include Miami, Fort Lauderdale, Tampa Bay, and the Gulf Coast. On Zoocasa, you can also filter homes by their school zones to see which school region a property falls under.
4. Navigating the Real Estate Market
The Florida waterfront real estate market can be competitive, so here are some recommended actions to be well prepared:
Work with a Local Realtor: Partner with a real estate agent who specializes in waterfront properties to gain insights into local market trends.
Set a Realistic Budget: Determine your budget and consider additional costs like insurance, property taxes, and maintenance.
Research Zoning Regulations: Understand local regulations regarding construction, shoreline protection, and property usage.
5. Property Inspection and Due Diligence
Before finalizing any purchase, ensure that you:
Inspect the Property: Waterfront homes are exposed to unique weather conditions. Ensure the property is in good condition and not prone to flooding or erosion.
Review Flood Zone Maps: Determine if the property is in a flood zone, which can impact insurance rates.
Understand Ownership Rights: Some waterfront properties come with coastal rights, granting you access to the water.
6. Property Financing and Insurance
Securing financing for waterfront properties might require a specialized approach due to their higher value. Additionally, consider property insurance that covers potential risks associated with waterfront living, such as hurricanes or water damage.
7. Living the Waterfront Lifestyle
Owning a waterfront property offers a unique lifestyle:
Recreation: Enjoy activities like boating, fishing, kayaking, and paddleboarding right from your doorstep.
Entertainment: Host gatherings with stunning waterfront backdrops, whether it’s a beach bonfire or a lakeside barbecue.
Relaxation: Experience tranquillity as you watch sunsets over the water or take leisurely walks along the shore.
Are you looking for a waterfront property? Call us today to connect with an experienced real estate agent in your area!