Reduce Foreclosure Risk ? Hire a Structural Engineer
Structural engineers can be an invaluable asset to buyers wishing to purchase foreclosed property. Years of neglect may have allowed small maintenance and repair problems to escalate. In some cases these problems may even threaten the entire structure. Buyers need to be fully aware of all the problems a foreclosed property may contain.
Sellers in Florida are required to disclosure any problems not obvious to the buyer, if those problems affect the value of the property. Unfortunately banks don?t live in the property and rarely if ever even visit. So disclosure statement may not be very useful. Because it is important to understand the true condition of the home, many buyers ask for the services of home inspectors and structural engineers.
Structural engineers are experts in understanding the structure of buildings. They understand how the foundation, walls, beams and other structural members work together to form a strong structure. During a structural inspection they will examine each of these members to look for deterioration, or deformation or structural weakness that could affect the building.
The differences between a professional home inspector and a structural engineer are important. A structural engineer can examine a structure, diagnose the problem and offer recommendations. Home inspectors are limited to a careful examination and describing exactly what they see. They are not qualified to offer solutions.
Most smart home buyers will hire a home inspector before they purchase any home. Foreclosed homes that have been vacant for several years are even more of a risk. They can uncover potential problems that might cost considerable time and money in the future. Knowing about these issues ahead of the purchase allows the necessary price negotiation to cover repairs or replacement.
Always inspect any potential purchase carefully. Inspect both the property and structure. Look for defects such as walls that lean, floors that slope, doors and windows that bind, cracks in the foundation or walls or a porch that slopes toward the house. These may be symptoms of deeper problems. You will need the opinion of a structural engineer to understand the scope and severity involved.
The purchase a foreclosed home may be perceived by some as a high risk investment. But, with the help of a professional home inspector and a structural engineer, most of the risk involved can be avoided. These professionals can help both home buyers and investors achieve peace of mind in an uncertain market. - 23223
Sellers in Florida are required to disclosure any problems not obvious to the buyer, if those problems affect the value of the property. Unfortunately banks don?t live in the property and rarely if ever even visit. So disclosure statement may not be very useful. Because it is important to understand the true condition of the home, many buyers ask for the services of home inspectors and structural engineers.
Structural engineers are experts in understanding the structure of buildings. They understand how the foundation, walls, beams and other structural members work together to form a strong structure. During a structural inspection they will examine each of these members to look for deterioration, or deformation or structural weakness that could affect the building.
The differences between a professional home inspector and a structural engineer are important. A structural engineer can examine a structure, diagnose the problem and offer recommendations. Home inspectors are limited to a careful examination and describing exactly what they see. They are not qualified to offer solutions.
Most smart home buyers will hire a home inspector before they purchase any home. Foreclosed homes that have been vacant for several years are even more of a risk. They can uncover potential problems that might cost considerable time and money in the future. Knowing about these issues ahead of the purchase allows the necessary price negotiation to cover repairs or replacement.
Always inspect any potential purchase carefully. Inspect both the property and structure. Look for defects such as walls that lean, floors that slope, doors and windows that bind, cracks in the foundation or walls or a porch that slopes toward the house. These may be symptoms of deeper problems. You will need the opinion of a structural engineer to understand the scope and severity involved.
The purchase a foreclosed home may be perceived by some as a high risk investment. But, with the help of a professional home inspector and a structural engineer, most of the risk involved can be avoided. These professionals can help both home buyers and investors achieve peace of mind in an uncertain market. - 23223
About the Author:
From light commercial building design to large construction projects, Florida Engineering Solutions can design and support your project from beginning to end. Our professional structural engineers understand the high cost of construction and offer quick turnaround to meet tight deadlines. Contact FES when you need a structural engineering firm for your next project. Mary Smith is a freelance writer.
posted by X - Men @ 3:17 AM
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