FHA Kitchen Guidelines

FHA Kitchen Guidelines

Would you believe that FHA does not require that all kitchen appliances be present? The main concern regarding kitchen appliances is whether they’re ‘built-in’ or ‘slide-in.’ Built-in appliances are viewed as real property and therefore are required by FHA however; slide-in appliances say for example a slide-in stove are viewed as personal property and therefore are not commonly needed by FHA. Regardless of built-in or slide-in; any appliances which are there must certainly be in good working order and not a threat to the safety of the house or its occupants. Furthermore, if a slide-in ‘gas’ stove isn’t present then the fuel line leading to the stove area should be capped; that is generally the same rule for ‘gas’ clothes dryers. In regards to dishwashers, FHA commonly needs a dish-washing machine to be hooked up or at the least present when a dish-washer opening and plumbing are present and is designed for such. This item is often disregarded on ‘flip’ properties in which a kitchen appears to have been remodeled but no dish-washing machine was placed in the intended opening. Other Things to be aware of: Utilities to the property should be turned on in order to check the proper working order of the kitchen appliances. Further, take into account that the deficiency of appliances usually raises red flags regarding the proper working order of utilities, particularly functional electricity and secured wiring to outlets. Another FHA prerequisite is that the kitchen area will need a working sink with sewage and potable water as well as adequate kitchen counter space for occupants in order to prepare food. Contrary to public...
Are Cheap Appraisers Worth the Risk?

Are Cheap Appraisers Worth the Risk?

If you haven’t worked with an appraiser in the past, you might not realize that all appraisers are NOT the same and can be as different as day and night based on his or her knowledge, education, and familiarity with your region. Anyone who’s experienced an appraiser horror tale (there are lots of them) mainly because they hired the cheapest appraiser will tell you it’s just not worth the risk. So don’t wait on your own horror story to be a learning experience and wake-up call when hiring an appraiser in your case. It is often easy to get lured by those low cost appraisers. It seems like merely a formality anyhow. Nonetheless, when it comes to hiring a professional appraiser for such an important job just remember that , you often get what you pay for! It is certainly not really worth trying to save $50 on the cost of an evaluation where there is a high probability you may not be given the quality report you are entitled to if your main hiring determination was simply to go with the least expensive appraiser. So when it comes to working within your budget, don’t pick an appraiser simply to save a few bucks because it may set you back a great deal in the long run. There are ways to help ensure you’re employing a quality appraiser. For starters, you should ask for recommendations from people you know and count on or from established real-estate professionals within your market area. You can even look online for appraisers that come up repeatedly and begin your research from there. In...