Published at Monday, April 02nd, 2018 - 13:40:02 PM. Home Insurance. By Durand.
Excerpt from Home Inspector Insurance Cost - A Cheap Form Of Insurance :
home inspector insurance cost. But wanting to do everything on his own...he made a common mistake that many first home-buyers make. That's right -- he bought it without having it inspected by a certified home inspector. First, he noticed the little quirks about the house... like how the doors and windows didn't close properly. Then there were the drafts in the winter that could not be sealed. Finally, there was the old "marble on the countertop test". You would not believe how fast it rolled down to the other end and under the fridge. It turns out that the builder would not have won any ethics awards. Instead of dumping all of the construction garbage...he merely buried it of all places...under the front right corner of the house. As you can imagine, after a few years the garbage began to decompose & the house began to settle. And settle it did. Believe it or not... upon closer examination I found that I could stick my entire head under the foundation at one place. Unfortunately for him, it was a very expensive lesson. A lesson that cost him over $32,000 of lost appreciation when it came time to for him to sell. For you see, this house had some major structural problems. Problems -- that could only be fixed by driving (4) concrete filled posts into the ground 80 ft deep and jacking up the entire house.
Home inspector insurance cost. I'd like to tell you about my son for example. A few years ago he bought his first home. It was a nice little a handyman special. The bank owned it as a foreclosure. The price was just right for a first time home. The bank made him sign a little piece of paper saying that the house was being bought "as is" and that there was no warranty on anything. That should have been a red flag for him to give his old pop a call.
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