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Redfin’s Home Inspection Class                  February 28, 2012 Webinar
Agenda     What to Know when looking at homes     • Appliances, Heating and Air Conditioning     • Roofs, Windows and Wate...
A Little Bit About Who We AreRedfin is a real estate brokerage that hashelped over 20,000 people buy or sell ahome; 97% wo...
What to Know
Appliances • In Northern Virginia it is typical for homes to come with all the   appliances that are installed when the ho...
AppliancesType of      Refrigerator   Garbage    Microwave     Dishwasher   Gas or      Gas or      Wall OvensAppliance   ...
Heating and Air Conditioning                                         Efficiency             High         Typical        Mi...
Heating and Air Conditioning                              Replacement Costs    Type of         Gas Furnace      Air       ...
Roofing     • Roofs can be repaired at nominal costs before a       replacement is necessary     • Roofs with more angles ...
Roofing    Types of        Asphalt       Slate       Architectural   Cedar    Roofs           Shingles      Shingles    Sh...
Windows     • Windows are an effective way to increase the energy       efficiency in a home     • Windows can be single, ...
Windows     • Expect to pay $300-$700 for “standard” replacement       window types     • Double hung windows allow you to...
Hot Water Heaters     • Expect to pay $600-$1,500 for a new water heater tank     • Tankless water heaters have mixed revi...
Structural Issues and Mold     • Look in corners for “step cracking” or walls with lateral       movement. Be specifically...
Life Expectancies
Life Expectancies                                        Appliances     Refrigerator   Garbage     Microwave    Dishwasher...
Life Expectancies                    Heating and Air Conditioning                             Equipment     Gas Boiler    ...
Life Expectancies                           Roofing Materials     Asphalt Shingles   Slate Shingles            Architectur...
Choosing a Home Inspector
What to expect at your home inspection     • Your inspector will         • Have you sign an agreement or waiver         • ...
Things to ask your Inspector     • Choose an inspector that is ASHI Certified     • Digital reports with explanations in t...
Types of Home Inspections     • Typical Inspection Types & Cost         •   Home inspection - $200-$800         •   Radon ...
Types of Home Inspections     • Additional Inspections or testing that are       available but less commonly apart of a re...
Where to get information about inspectors         •   Ask your Real Estate Agent         •   Ask Family and Friends       ...
Redfin’s newest featureWhat to look for…       Statistics…   Choosing an inspector…
What to Avoid         • Inspectors who don’t have a professional           designation         • Inspectors who also are c...
Questions?
Home Inspection Webinar - VA - February 28, 2012
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Home Inspection Webinar - VA - February 28, 2012

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Transcript of "Home Inspection Webinar - VA - February 28, 2012"

  1. 1. Redfin’s Home Inspection Class February 28, 2012 Webinar
  2. 2. Agenda What to Know when looking at homes • Appliances, Heating and Air Conditioning • Roofs, Windows and Water Heaters • Structural concerns, Mold and Mildew Statistics • Average life expectancies of equipment Choosing an inspector • Things to expect from your inspector • Types of inspections and Costs Questions?What to look for… Statistics… Choosing an inspector…
  3. 3. A Little Bit About Who We AreRedfin is a real estate brokerage that hashelped over 20,000 people buy or sell ahome; 97% would refer us to a friend.• Customers, not commissions• Informed decisions• The right home for the right priceNo obligationGet back up to 50% of our commission
  4. 4. What to Know
  5. 5. Appliances • In Northern Virginia it is typical for homes to come with all the appliances that are installed when the home is on the market • The only warranties applied to appliances are those provided by the manufacturer • Appliances like countertop microwaves do not typically come with the homeWhat to look for… Statistics… Choosing an inspector…
  6. 6. AppliancesType of Refrigerator Garbage Microwave Dishwasher Gas or Gas or Wall OvensAppliance Disposal Electric Electric Range CooktopTypical $800- $350- $350- $300- $500- $300- $500-Cost $3,500 $600 $1,500 $1,200 $3,000 $3,000 $3,000What to look for… Statistics… Choosing an inspector…
  7. 7. Heating and Air Conditioning Efficiency High Typical Minimum Baseboard Central Efficiency Central Efficiency Resistance Heating, Furnace Boiler Central Heat Heat Pump Furnace 97% 85% 78% 99% 200%+What to look for… Statistics… Choosing an inspector…
  8. 8. Heating and Air Conditioning Replacement Costs Type of Gas Furnace Air Heat Pump Gas Boiler System Conditioning Typical $1,700- $3,500- $2,000- $2,500- Replacement $7,500 $10,000 $7,000 $4,000 CostWhat to look for… Statistics… Choosing an inspector…
  9. 9. Roofing • Roofs can be repaired at nominal costs before a replacement is necessary • Roofs with more angles or transitions are typically more expensive to replace • Only certain roofers work on flat roof systemsWhat to look for… Statistics… Choosing an inspector…
  10. 10. Roofing Types of Asphalt Slate Architectural Cedar Roofs Shingles Shingles Shingles Shingles Typical $1,700- $15,000 - $3,500- $6,500- Replacement $8,500 $75,000 $17,000 $20,000 CostWhat to look for… Statistics… Choosing an inspector…
  11. 11. Windows • Windows are an effective way to increase the energy efficiency in a home • Windows can be single, double and triple pane • Windows are typically constructed of wood, vinyl, fiberglass or aluminum • Windows can also be used to control soundWhat to look for… Statistics… Choosing an inspector…
  12. 12. Windows • Expect to pay $300-$700 for “standard” replacement window types • Double hung windows allow you to “fold” the window in for cleaning • Double pane (and higher) are more energy efficient • Some windows come with a transferable warrantyWhat to look for… Statistics… Choosing an inspector…
  13. 13. Hot Water Heaters • Expect to pay $600-$1,500 for a new water heater tank • Tankless water heaters have mixed reviews and our more costly to install than “standard” tanked water heaters, expect a cost of $2,000-$2,500 to install • Look for rust or calcium buildup when you are reviewing the appliances in a propertyWhat to look for… Statistics… Choosing an inspector…
  14. 14. Structural Issues and Mold • Look in corners for “step cracking” or walls with lateral movement. Be specifically suspicious of bowing walls and cracks with many veins • Mold usually has an odor. Look for discolorations in corners a musty smell can typically indicate water penetrationsWhat to look for… Statistics… Choosing an inspector…
  15. 15. Life Expectancies
  16. 16. Life Expectancies Appliances Refrigerator Garbage Microwave Dishwasher Gas or Gas or Wall Oven Disposal Electric Electric Range Cooktop 8-14 12 years 9 years 7-12 13-15 13-20 12-16 years years years years yearsWhat to look for… Statistics… Choosing an inspector…
  17. 17. Life Expectancies Heating and Air Conditioning Equipment Gas Boiler Gas Furnace Oil Furnace Electric Heat Electric Air Electric Pump Conditioner Baseboard Heat 15-21 15-20 15-20 12-16 10-15 25-40 years years years years years yearsWhat to look for… Statistics… Choosing an inspector…
  18. 18. Life Expectancies Roofing Materials Asphalt Shingles Slate Shingles Architectural Shingles Cedar Shingles 15-20 years 50-100 years 20-50 years 25-30 yearsWhat to look for… Statistics… Choosing an inspector…
  19. 19. Choosing a Home Inspector
  20. 20. What to expect at your home inspection • Your inspector will • Have you sign an agreement or waiver • Walk the exterior of the home • Perform a visual inspection of the roof and exterior foundation • Inspect the plumbing and electrical systems inside the home • Examine the heating system and run a diagnostic cycle • Run most major appliances • Look in the attic system for moisture • Explain how your home works and why you care • Shows you typical maintenance items to expect and explains a schedule to do annually • Typically will not move personal property or remove any wall coveringsWhat to look for… Statistics… Choosing an inspector…
  21. 21. Things to ask your Inspector • Choose an inspector that is ASHI Certified • Digital reports with explanations in the report • Inspectors who include photos in their report • Inspectors who are certified to do several types of inspections • In Virginia, home inspection certification is voluntaryWhat to look for… Statistics… Choosing an inspector…
  22. 22. Types of Home Inspections • Typical Inspection Types & Cost • Home inspection - $200-$800 • Radon inspection - $99-$200 • Septic Inspection - $200-$500 • Structural inspection - $250-$1,000 • HVAC inspection - $89-$500 • Roofing Inspection - $0-$200 • Mold Inspection - $0-$150 • Pool Inspection - $150-$1,000What to look for… Statistics… Choosing an inspector…
  23. 23. Types of Home Inspections • Additional Inspections or testing that are available but less commonly apart of a real estate transaction • Lead Based Paint Testing -$200-$500 • Asbestos Testing - $400-$1,000 • Stucco inspection - $300-$1,000 • Electrical inspections -$400-$1,000’s • Code inspections – Varies, charged by the jurisdiction the home is inWhat to look for… Statistics… Choosing an inspector…
  24. 24. Where to get information about inspectors • Ask your Real Estate Agent • Ask Family and Friends • Use the “find the inspector” field at ASHI.org • Use the internet (with caution) • Use subscription services like Angieslist • Search Yelp!What to look for… Statistics… Choosing an inspector…
  25. 25. Redfin’s newest featureWhat to look for… Statistics… Choosing an inspector…
  26. 26. What to Avoid • Inspectors who don’t have a professional designation • Inspectors who also are contractors • Inspectors who hand write their reports • Inspectors that are very inexpensive • Inspectors that charge for a termite inspectionWhat to look for… Statistics… Choosing an inspector…
  27. 27. Questions?
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