Water stains on the ceiling can point to a leaky roof.
#Va home appraisal checklist windows#
Windows must be airtight yet able to open to allow for proper ventilation. Exposed wires will bring into question the soundness of the electrical system. Mold and mildew can be hazardous to your health, so this is something your appraiser will be on the lookout for. There are certain conditions that often cause a property to fail a VA compliance inspection.
#Va home appraisal checklist free#
A pest inspection will also be done, showing the home is free from termites, carpenter ants, carpenter bees or dry rot. The VA purposely leaves that vague so the final determination is up to the appraiser.
The roof must also show that it has an acceptable amount of life left. The roof needs to be in reasonable condition and prevent moisture from entering the home. The electricity must be functioning and in good condition. If you live in a cold weather climate, a heating system will be required that is capable of maintaining a temperature of at least 50 degrees within the home. These areas will need to be scraped down and repainted, or drywall will need to be installed to cover the problem areas. If the house was built prior to 1978, any peeling or flaking paint will raise questions about lead paint. If your new home has a private well, further testing will be required to make sure you meet this guideline. You must be able to show that you have safe drinking water. There must be adequate conveniences for you to cook and dine in comfort. The sanitary facilities must be in good working order and provide appropriate living and sleeping areas. It must be mostly residential, and any non-residential use must be limited to 25% of the property. They will also consider the characteristics of the property. There also must be enough space around the unit to allow repair of exterior walls if necessary. You must be able to get to it without having to trespass on any other property. It must be accessible from a public or private street, and that street must have an all-weather surface. The first thing the VA looks for is that the home has basic property access.
This makes sense when you consider that they guarantee the loan on your behalf. The VA wants assurance that the home you are about to buy is safe and comfortable. This is probably where some of the confusion comes from when people think of an appraisal versus a home inspection. The method of outlining the minimum property requirements is also called a compliance inspection, or sometimes a VA state inspection. The other part of the assessment is to certify the property meets VA outlined minimum property requirements. The appraiser will follow a VA appraisal checklist when determining the fair market value of your potential new home. The last thing you want to do is wind up with a house that will cost you a fortune in repairs within a few years. As frustrating and heartbreaking as that can be if it happens, it’s usually for the best. There is always the fear that they’ll find something to impede moving forward with the financing. The appraiser is assigned to your case by the VA, and the finished appraisal should be done within 10 business days. The appraiser is an independent third party specifically licensed to perform a VA appraisal. When you apply for your loan, the lender will send a request to the VA for an official appraisal. While a VA appraisal is required for lending purposes, a home inspection is entirely optional. They will point out any concerns before you close on the house so you know exactly what you’re getting when you purchase your new home. A professional, insured and licensed home inspector goes above and beyond the minimum required by the VA. A home inspection benefits you even more. The VA appraisal is required by the VA so they know the property you are about to buy meets both fair market value and minimum property requirements. But there is one important difference between a VA appraisal and a home inspection. So what is the difference between a VA appraisal and a VA home inspection? Many people dread the VA appraisal, and as a result they have similar feelings about home inspections. Thant being said the VA appraisal has an inspection element involved that we will go over. As one of the VA loan requirements a VA home appraisal is required however a home inspection is not. Here at National VA Loans we often get the question does the VA require a home inspection.
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