- Pests. In addition to mice and other critters, these inspections are focused on identifying evidence of wood destroying organisms like carpenter ants and termites and the damage they may have caused. This inspection will also turn up other issues that can affect a home such as fungi caused dry rot, flooding issues and other moisture problems.
- Asbestos and Lead. Although banned in 1975 and 1978 respectively, these two culprits can quickly halt the sale of your house. By being proactive you can tackle this problem ahead of time to show a clean bill of health for your older home.
- Roof and Foundation. Both roof and foundation repairs can be spendy and will most likely cause a certain amount of stress if issues are revealed during an inspection. But, again, it is better to be aware of and prepared for dealing with these issues ahead of a closing.
- Electrical. If you are in an older home or one that has undergone any amount of remodeling or renovation, think about bringing in a licensed electrician to certify that your home is up to code and current safety standards.
- Chimney. Here in beautiful McCall, most homes will have a fireplace or woodstove and the condition of your chimney or stovepipe should be a priority for any buyer. Not only should you have the chimney professionally cleaned before selling your home, consider hiring an inspector that follows the National Fire Protection Agency’s chimney inspection codes.
- Mold. As far as health hazards go, this one is on every home buyers’ list. A good mold inspector will test for spores throughout your home, including areas you don’t access very often such as the crawl space, walls and attic. As a seller, you cannot afford to ignore mold growth and must mitigate any mold issues before listing your home.
- Trees. Tree care, including removal, is surprisingly costly and something most buyers won’t want to contend with. Many lots are heavily treed in McCall making this inspection a priority. A professional arborist can determine if there are any potential hazards or signs of disease or decay. Buyers will certainly appreciate having this inspection done ahead of time and being provided with inspection results.
- Well and Septic. Many homes in the McCall area use well and septic systems for drinking water and sanitation. Inspections of wells focus on gallons per minute production and the safety of the drinking water while septic inspections focus on making sure the tanks and lines moving the waste water away from the home are functioning properly.
So much for the conventional wisdom of downsizing your home when you retire. According to a recent survey from Merrill Lynch 49 percent of retirees did not downsize at retirement, and up to 30 percent actually moved into larger homes. (Keep in mind the survey of nearly 6,000 people included about 39 percent who had investable assets of $250,000 or more.)
During the next decade, the number of age 65+ households in the U.S. will increase by nearly 11 million, while growth in the number of households across all other age groups will be less than 2 million. This tremendous growth among older households is driven by powerful demographic forces, including the massive baby boomer generation now moving into their retirement years and increasing longevity leading to longer retirements.
Many retirees are renovating their current homes in order to “age in place.” Contractors are calling it a baby-boom building boom. Retirees are wanting to remain in their homes and communities as they age, but recognize that living spaces can become unsafe and difficult to navigate. Several people in their 50s and beyond are retrofitting houses, building additions or constructing new digs with age-friendly features. While remodeling can be pricey, given the high cost of care in an assisted-living facility or nursing home, such improvements can make sense in the long run. Common age-friendly features include expanded doorways, adding gentle slopes instead of steps, recessing tripping hazards such as rugs, tile and wood transitions and main-floor masters with age-friendly bathroom features.
Other retirees are looking to relocate and are choosing to upsize in order to accommodate children and grandchildren. Some 33 percent say in the survey they wanted a larger home to make family members more comfortable while 20 percent stated they want the option to have family live with them. Typically, in this situation, buyers are choosing homes with a different configuration than they would have purchased while raising a young family. Many are choosing layouts with a “bunk-room” with lots of beds for the grandkids, while several are looking for one or even two home offices since they are leaving corporate offices behind. Most are looking for areas with large living spaces in order to fit several family members at once.
Overall, the study found that the majority of retirees (65 percent) of respondents believe they are living in the best home of their lives!
SOLD / $262,000.00 May 2016Don't let this amazing opportunity to build your dream home in the premier Shady Beach Community. This homesite offers mature trees and bushes with easy access to the community beach and dock. Close to all that McCall has to offer, call now for more information.
Address: McCall East
Sales prices have been rising steadily since 2012 as evidenced by the data shown below. The continuing upward trend is supported by the figures for the first seven months of 2015. Although the number of sales of raw land (not included in the chart) is off slightly, there is quite a bit of new construction activity in the area. However, home sales are brisk, and a big uptick in the year end numbers is expected due to a constant stream of real estate shoppers. Now is a perfect time to contact us to discuss the market in more detail and learn about the excellent opportunities available.
From Realtor.comNavigating the range of home loans to find the one that best meets your needs can be difficult, particularly if this is the first home you’re buying. To make things easier, the federal government and most states offer insured home loans tailored to first-time homebuyers. These loans offer attractive benefits that can make the home-buying experience less costly and less restrictive. But they aren’t for everyone. What Is a First-Time Homebuyer Loan? First-time homebuyer loans offer a low down payment, reduced interest, limited fees and the possibility of deferring payments. These types of loans are offered at a federal level by the Federal Housing Administration and by most states. The FHA defines a first-time homebuyer as a person who has not owned a home for three years. This includes single parents and displaced homemakers who only owned a house previously with a spouse. The FHA insures lenders against potential default and requires a minimum credit score of 580 or above for a loan with a down payment of 3.5%. Most lenders, though, require a credit score of 620 or 640 and above to approve an FHA loan. In addition to your credit score, you will need to provide full documentation of your income and assets and meet the lender’s debt-to-income ratio, which is typically a maximum of 41% to 43% of your monthly gross income that goes toward the minimum payments on all of your revolving and installment debts. Pros of First-Time Homebuyer Loans The comparatively lower restrictions on these loans make them ideal for first-time homebuyers. You might want to consider these loans if:
- You don’t have enough money saved up for a large down payment.
- You have a limited ability to meet high interest payments and fees.
- Your credit score is not high enough to qualify for other loan types.
- If you sell your home soon after purchasing it, you could lose some of the loan benefits.
- If you want to refinance at a later date or otherwise change the terms of your debt or your collateral, this may not be possible with a first-time homebuyer loan.
- While some of these loans don’t require you to purchase private mortgage insurance, you may be required to take out insurance provided by the loan program, and this insurance policy could have higher fees and longer payment terms than a private insurance option.