FHA appraisers look at more than just peeling and chipping paint surfaces. They look at more than handle rails along stairways. Below are just some of the items that the appraiser looks for to make sure the property meets HUD minimum standards.
While this list is not all inclusive, looking for these items now may help reduce the extra time and effort later to have them done.
- Peeling or chipped paint
- Any signs of mold or mildew
- All windows open and close freely
- Missing electrical fixtures, switches/outlets and switch/outlet plates
- Missing flooring, including missing tiles
- Handrails if there are more than 3 steps
- Approximte remaining life of roof (there should be at least 2 years)
- Water stains on walls and ceilings
- Missing bathroom fixtures and/or cabinet doors
- Signs of termite damage
- Missing screens on windows
- Missing door knobs
- Missing kitchen fixtures and/or cabinets
- Exposed wiring
- Missing gutters
- Damage to the exterior of home incuding soffit, fascia, and siding
- Utilities must be turned on and checked for operation
- Dampness or water in basement
- Hot water heater - make sure it has a relief valve
Again, this is not a complete list. This is a guide of the most common issues that seem to come into play in an FHA transaction and is intended to help save you some time and money.
Have you had other things come up with the property condition? I'd like to hear them.