4 Ways to Finance Your Luxury Home in Sarasota FL
June 8, 2023
Outdoor Adventure Awaits: Top 4 Recreational Activities in Sarasota, FL
June 22, 2023
Luxury home appraisal and inspection are crucial before completing the purchase. It can prevent bad purchases and ensure you aren’t buying a home with significant issues.
Third parties perform the appraisal and inspection to ensure an objective view of the property’s value and condition.
This post will cover what you need to know about luxury home inspections and appraisals.
Sarasota Real Estate Market Watch
The best time to sell a home in 2023 is the week of April 16 through April 22. However, real estate data changes daily. If you need to buy or sell a home in Sarasota, FL, and its neighboring areas, please click here to contact us.
The Importance of a Luxury Home Appraisal and Inspection
How An Appraisal Gives You Value For Your Money
An appraisal helps you determine the value of a luxury home. The timeline for an appraisal can vary depending on several factors.
The appraiser compares the property with similar properties in the market. They also adjust for differences in the number of rooms, property size, and age.
Why You Should Get a Home Inspection
Most lenders require home inspections for luxury home financing. Additionally, it is a good idea to protect buyers from costly issues that might not be easy to identify. Home inspectors assess the property’s foundation, roof, HVAC, plumbing, and electricity. They also do a thorough check on the property’s interior and exterior.
A Home Inspector’s Checklist
Exterior Inspections
- Exterior Walls – Inspectors need to check the condition of the exterior walls. Whether brick, stucco, siding, or anything else, the exterior walls are a significant part of an inspection.
- Garage – The inspector will open and close the garage door to see if it works properly. They will also check if the garage is well-ventilated.
- Grading – Grading is another factor inspectors check. They ensure the grading is away from the house to prevent flooding.
- Roof – The inspector checks the gutters, shingles, and vents to see if they have leaks and cracks.
Interior Inspections
- HVAC system – The inspector will give you an estimate of how old the HVAC system is upon observation. They will also make sure the system is functional.
- Plumbing – Included in the inspection are the water pipes, water pressure, and drains.
- Electrical – The inspector will also check the electrical system to ensure everything works. They can also check to see if it is up to code.
- Water Heater- Part of the inspection is making sure that the water heater is functional.
- Fire Safety – The inspector will also follow a checklist to ensure the home complies with basic fire safety.
Enhance Your Real Estate Experience!
Living Vogue Real Estate offers an elite level of personal service through agent collaboration. Our diverse and comprehensive skillset gives you an edge in a competitive market. Learn more about us by clicking here.
Are you interested in buying and selling your luxury home in Sarasota? Click here to contact us.
Thanks for visiting!
