CoreLogic came out with their Home Price Insights Report which showed appreciation rates in homes. Their findings are representing in the following graph:With these appreciation rates,
3 Safety Tips For Buyers When Shopping For A Home
1. Educate yourself on the safety of an area.
You may quietly have some concerns over the safety of a neighborhood; it may be a good idea to drive by the property at different times of the day to get a better sense of the neighborhood
2.Take extra precautions in distressed, vacant homes.
When viewing a Real Estate Owned home or REO, make sure it's safe to go in. Do a perimeter search around the property before entering. Do you see broken windows, a kicked-in door, or any signs of someone living there through the windows (such as a sleeping bag on the floor or food left out)? If you see such signs that a squatter may be present, don’t go inside.
Also, homes that have been vacant may have maintenance issues. Buyers and agents may need to watch their footing as they tour the house, navigating away from any loose floorboards, steering clear of a rotted deck, and avoiding loose railings. Loose gutters or lighting fixtures may pose added dangers.
3. Prevent buyer regret — and illness.
Buyers are encouraged to check the Drug Enforcement Agency’s National Clandestine Laboratory Register, a searchable database of addresses that have been uncovered by law enforcement agencies to have clandestine chemicals or drug labs. Some counties and states also have databases to track such homes. Buyers can also purchase meth-testing kits or have a professional test for contamination as these tests are not usually covered in a home inspection.
Chris Swanberg was born and raised in the Alameda area of Portland and now lives in Happy Valley. He spent eight years in the home improvement industry, working in sales and project management. Chris....