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Text Box: Frequently Asked Questions

· The 12 Most Common FHA Repairs.

These conditions are listed to help you understand and ease any worries you may have about financing through HUD for your mortgage purposes. The purpose of repair is to correct deficiencies which may affect the health and safety of the occupants or the continued marketability of the property. If possible, we suggest that you make any repairs to your home prior to the appraisal. This will improve marketability and help the sale or refinance of your home to go smoothly.

 

1. If the home was built prior to 1978, chipping/peeling paint must be scraped and painted. This includes interior, exterior, garages, sheds, fences, etc.

2. Roof should have at least 2 years of useful life remaining and no more than 2 layers of shingles.

3. Broken windows that are deemed to be a safety hazard by the appraiser should be replaced. Minor cracked windows that DO NOT pose a health and/or safety hazard need NOT be replaced.

4. The cause of wet basements should be cured (e.g., improve drainage away from house, gutters, etc.).

5. Electric service must be 60 AMP or greater. Electric certification may be required if 60 AMP appears to be overloaded (e.g., homes larger than 1,000 square feet with many major electrical appliances.)

6. Abandoned inoperable wells must be capped and sealed by a licensed well sealing contractor.

7. Safety handrails on open stairwells and stairways that are deemed to be a safety hazard by the appraiser will be required.

8. Infestation of any kind should be exterminated (e.g., termite, carpenter ants, insects, mice, bats, etc.).

9. Damaged or inoperable plumbing, electric and heating systems should be repaired. The appraiser will check these areas.

10.  Structural or foundation problems must be repaired

11. If there is a crawl space, it will be the homeowner’s responsibility to make this area accessible so that it can be thoroughly inspected by our appraiser.

12. The attic area must be accessible for the appraiser to inspect.

 

· How long is an appraisal valid?

An existing single family residential appraisal is good for one year from the date of the inspection

With an update of value after four months.