One of the largest investments the majority of us will make in our lifetime is the purchase of a home. Within the context of that same percentage, most of us will make this investment without any prior knowledge and mostly in a blind state of euphoria. This resource text has been compiled by an experienced expert in the field of development and construction to preserve that state of happiness through the encouragement for learning a more educated means of selection and maintenance. The contents of Understanding the Home Construction Industry will place the reader “in-the-know”, revealing the possibility to knowledgeably handle the many, and often difficult, details involved in not only the purchase of a house, but how to maintain its highest value:
Fifteen highlights covered with this book: (1) what to do before buying a home; (2) how can you yourself inspect the prospective residence–both new and previously owned; (3) what is California Senate Bill No. 800; (4) liability, i.e., construction defects; (5) handling disputes with the builder; (6) top litigated construction defects; (7) industry standards; (8) mold; (9) radon gas; (10) emergency procedures; (11) termites and pests; (12) home safety and environmental issues; (13) basic construction terminology; (14) basic construction procedures; (15) new home punch list, and much, much more.
Here is a mere sampling of questions answered in this easy to understand resource text, which can provide you with important information about both the new and previously owned home:
These questions will be answered along with those you didn’t even know you had. The author will literally “take you by the hand” and guide you through one of the greatest decisions you have to make–whether or not to purchase the house of your choice.
The book starts at the front of the house and does not stop until you have proceeded through the entire home. Quality and defects are pointed out, not only to the prospective buyer, but for all those helping the buyer make this important choice, both professional and personal. Caution signs are made timely and clear. Through educating the buyer of potential problems, it is easier for everyone involved to sidestep the inherent damages for the future. Once you have gone through this text, you will know the wise how of a home.
For brokers and their agents in the field of real estate, acting as fiduciary, it is imperative to know your product. Each product is unique and must be thoroughly investigated and studied, not only for your client, but for your expertise and reputation in the industry. Agents and sellers are responsible for the sales they make both legally and morally. Professional real estate sales representatives and/or sellers can utilize this text for each house they list or sell to become aware of any potential problems that could occur.
Sellers can inspect their home prior to placing it on the market, enabling the repair or reparation of any problems that could lower the price, delay escrow, or cause the sale to fail.
Professional real estate agents can review this text with, and/or provide it to, their sellers and buyers in order to guide them in the presentation of the house as a top-of-the-line product, extending a securer environment for the purchase.
Lending Specialists that sign-up borrowers, review the house equity and determine how much their institution will lend on a home. If there are defects that affect the collateral, these defects can be a potential detriment to that lending institution. A diminishing collateral will only cause more expense if the lender must foreclose. Educating yourself and the borrower can insure the stability of the collateral.
Therefore, the successful Lending Specialist acting as a financial expert in the housing industry will thoroughly study and review the very collateral they are securing for their lender. An agent’s good reputation, experience, and knowledge are the vital links for stability in the lending world.
Home insurers look toward the future potential of losses. If the new or previously lived in home has hidden flaws, these flaws will, and can, affect the insurer.
Actions, either unknowingly or adversely taken by the insured, can affect the damage amount. So it is imperative that the insurer not only educate, but insist that their insured keep their home in a sound stable condition. Provision of an educating tool can insure the insurer.
Being in-the-know keeps a builder/developer healthy in the building industry!
Educating employees and your clients, placing them in-the-know, greatly lowers your liability potential in a vast arena filled with multiple litigious issues. This book is an economical “user-friendly” resource text compiled for that very purpose, the intent and provision of which can reduce, and even eliminate, problems quickly and easily, preventing extensive and damaging future costs for the builder/developer.
Whether you are a buyer, seller, real estate professional, lending specialist, insurance entity, or the builder/developer, Understanding the Home Construction Industry provides the necessary kind of easy to comprehend and constructive knowledge that can provide the layperson, and/or professional, with an easy guide to the who, what, where, why, and how of the home.
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