Structural engineers are an important resource for those who wish to buy foreclosed property with confidence. Homes in foreclosure often have maintenance and repair problems that have been neglected for years. In some cases the problems have become severe and threaten the entire structure. These problems may be visible and obvious or they may be hidden and show very few clues.
Florida sellers are required by law to disclose problems that are not obvious if they might affect the property value. Property in foreclosure however, is typically owned by a bank. They don?t live on the property and in fact, may never even visit the property. They cannot disclose information they?re not aware of. The result is that they sell these properties ?as is.? In these cases home inspectors and structural engineers can help.
Structural engineers are experts in understanding the structure of buildings. They understand how the foundation, walls, beams and other structural members work together to form a strong structure. During a structural inspection they will examine each of these members to look for deterioration, or deformation or structural weakness that could affect the building.
Both home inspectors and structural engineers have a place when working with foreclosed property. Home inspectors are limited to examining the property and describing what they see. Engineers can go further in that they can not only examine the structure, but also diagnose any problems they find and offer solutions.
A home inspection is recommended for all foreclosure purchases. Most smart home buyers will hire a home inspector before they purchase any home. A professional inspector can uncover issues that could turn into expensive problems over time. Forewarned is forearmed as the saying goes. In this case a professional inspection and a little negotiation will usually solve the problems.
When visiting the foreclosed property, inspect the structure and property carefully. Consider calling a structural engineer if you find walls that lean, floors that slope, windows and doors that bind, cracks in the walls or foundation or porches that slope toward the house. These may be signs of larger problems.
The purchase a foreclosed home may be perceived by some as a high risk investment. But, with the help of a professional home inspector and a structural engineer, most of the risk involved can be avoided. These professionals can help both home buyers and investors achieve peace of mind in an uncertain market.
High construction costs and tight deadlines are common on commercial building projects. Florida Engineering Solutions delivers structural engineering design, quality service, quick turnaround and innovative thinking. Contact the professional structural engineers at FES for your next commercial project. Mary Smith is a freelance writer.