Environmental Inspections

It seems that we hear a lot about environmental concerns these days. Much of it is simply the result of a greater awareness than in the past. And even though there isnt anything to be concerned with in most homes, there are still a number of potential home environmental issues that buyers should be aware of.

Water quality is probably the most common concern and the one most often tested for. Typically, a basic water quality test will check pH, water hardness, the presence of fluoride, sodium, iron and manganese, plus bacteria such as E-coli. Additionally, water may be tested for the presence of lead or arsenic.

In homes built before 1978, lead based paint may be present. Generally, if the lead based paint is in good condition, not cracking or peeling, it is not a hazard. If the condition is hazardous, the paint will either need to be removed or sealed in such a manner as to eliminate the hazard.

Another common environmental concern with the home is radon. Radon is a radioactive gas that comes from the natural decay of uranium in the soil. Pretty much all homes have some radon present, tests can determine if the level present is higher than what is considered safe. If the level is too high, a radon reduction system will need to be installed.

In older homes built more than 30 years ago, asbestos was used in many types of insulation and other building materials. If the asbestos is releasing fibers into the air, it needs to be removed or repaired by a professional contractor specializing in asbestos cleanup. But, if the asbestos material is in good repair, and not releasing fibers, it poses no hazard and can be left alone.


Today's Rates:

Mtg Loan    Rate  APR
30-yr Fixed5.94%6.13%
15-yr Fixed5.63%5.93%
1-yr Adj5.15%6.39%
* national averages



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Real Estate Journal
 
Mortgage Relief Programs Aren't Helping Much
4/7/2008 11:00 PM
Up until now, state efforts to help distressed homeowners refinance have had negligible results. A new federal bill may give them additional tools.

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Condo-Hotel Buyers See Investments Sour
4/7/2008 11:00 PM
Many investors who purchased condo hotel rooms during the real-estate boom are wishing they hadn't. Some frustrated owners are bringing these projects to the attention of regulators.

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Five Questions to Ask Before Remodeling
4/7/2008 11:00 PM
Before you redo your home make sure you know how big a renovation you can afford and how long you will remain in your residence.

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States Move Fast On Mortgage Aid
4/6/2008 11:00 PM
Local governments are acting more aggressively to help homeowners avoid foreclosure, frustrated by what they view as the federal government's inadequate response to the mortgage crisis.

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FHA Loans Grow Costly As Banks Add Fees
4/6/2008 11:00 PM
Lenders that make loans insured by the Federal Housing Administration are adding costs and restrictions that make those mortgages more expensive for consumers and less widely available.

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Selling History By the Square Foot
4/6/2008 11:00 PM
In a backlash against vinyl-clad McMansions developers are creating communities with houses that look like they were built centuries ago, but with modern trappings.

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Fine Tuning the Picture On the Foreclosure Mess
4/2/2008 11:00 PM
It's not always easy to get an accurate sense of how many foreclosures there actually are and which U.S. locales are the hardest hit. June Fletcher explains why.

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