Published:Fri, 28 May 2010 20:30:45 -0700
Real estate restructuring work, a bandwagon that many firms jumped on in the past year, shows no signs of slowing. More than $1.4 trillion in commercial loans will come to term in......
Published:Sat, 29 May 2010 18:12:25 -0700
While most Phoenix-area lenders seem content at the moment to leave commercial property in their clients hands by extending loan terms, experts say that in many cases, they are si......
Published:Sat, 29 May 2010 22:12:56 -0700
Prudential Florida Realtys Fort Myers office achieved the 1st Place Top Office Award for residential units closed in the first quarter by.........
Published:Fri, 28 May 2010 12:19:58 -0700
When real estate crashed, Barry Sternlicht, creator of Starwood Hotels, bought condo buildings from Las Vegas to Miami. Now he waits for tenants.......
Published:Sat, 29 May 2010 10:30:07 -0700
Real estate mega-firm First American Corp. of Santa Ana is spinning off its property and consumer data business into a separate company, a move designed to increase the value of t......
Termite damage, no matter how small it may be, is never good for a home. During a real estate inspection, if any termite damage is found, it will affect the outcome of the home. In most cases, the buyer is told that the seller will fix the problem. Although this may sound good to some buyers that the seller will treat for termites, other buyers often wonder.
Of course it?s nice that the seller will pay to have the termite problem treated, which will normally cost around $1,000 or so. Even though the termites will be gone, you have to wonder about the damage to the structure. In the more severe cases, damage to the structure can cost up to 50 times the cost of the treatment. The last thing you want is to move into a home that you know has been treated for termites, only to find the structure to be in very bad shape.
If any type of damage was done to the wooden structure of the home, you may need to get immediate repairs. While some damage may be visible, there are other types of damage that may seem invisible to the naked eye. To find out just how bad the damage is, carpets and rugs will need to be lifted, furniture and appliances moved, walls and ceilings will need to be opened, and even some types of excavation may be needed. This is the only way to tell the extent of the damages, especially in cases of termites. If you don?t inspect every area of the home, you could be moving into a home that has severe structural damage - which can cost you thousands to repair.
There could also be latent damage present as well. To determine this, you?ll need to have invasive and destructive testing performed on your home, which will performed by qualified contractors and specialists. This will help to determine the extent of the damage and the cost of any needed repairs. This can be very costly however, although it?s the only way to find and repair any latent damage.
Destructive and invasive testing can cost you an arm and a leg, although you?ll need to have it done if you suspect termites or know for a fact that the home was treated for them. To protect yourself, you should always get a treatment and repair history before you purchase the home. If you are renting the home, you?ll need get written documentation from the specialist that details the damage to the home and cost of repairs.
Before you buy a home, you should always have it checked for termites. There are a lot of termite inspection companies out there, many of which go above and beyond to check the home for any type of termite damage. You don?t want to buy a home only to find out that it has been infested with termites. If you have the proper inspections performed before you make the purchase, you?ll know for a fact that you don?t have to worry about termites or termite damage.
If the inspector or contractor doesn?t find any termite damage, you should always have it documented. This way, if termite damage does exist, you?ll have the documentation to back you up. Termites can be very destructive to your home, especially if you are looking towards a log home. Termites can destroy wood in little to no time at all, which is why you should always do what you can to have your home treated as soon as you suspect any type of damage. If you know a home has been infested with termites before - you should really make sure that the structure isn?t damaged and the termites are gone before you commit to buying.
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