The Benefits of Buying a Foreclosed Home

Foreclosed Homes Perhaps the best benefit of buying a foreclosed home is its price. Because it’s foreclosed, someone or some entity, like a bank, is trying to get rid of it. Therefore, they’re willing to sell it at a bargain price. Many people have enjoyed buying foreclosed homes that were once selling for, say, $400,000 for…$150,000. Now that is a bargain! It’s a way to move into a desirable neighborhood for a fraction of the price others had to pay to be there.

Most foreclosed homes are sold “as-is,” so the new owner may have to pay to fix some things. It’s a good idea to hire First Choice Inspectors to come inspect a foreclosed home on your behalf, so you know what you’re “getting into.”

Why have a foreclosed home inspected? Well, typically foreclosed homes have been unoccupied for quite some time. Because no human beings have lived there, some things might have gone wrong over time. When people live in a home they use the sinks and toilets regularly. They open and shut doors and windows. They take care of the place. Foreclosed homes, though, don’t have people doing such things, which is exactly why you’d want to get the home inspected. It’s better to have a professional set of eyes look at the state of the home than to just buy it “as-is” not knowing important details of its overall condition.

Foreclosed homes can be a great bargain. Just be sure to hire a good home inspector to check for any defects first, if possible, so you can make an informed buying decision. Spending a couple hundred dollars for an inspection can ultimately save you thousands of dollars down the line.

First Choice Inspectors can inspect foreclosed homes in Chicago and surrounding areas. Call 773-429-9711 to schedule an appointment.

Avoid Hazardous Dryer Duct Materials!

You probably don’t think too much about your dryer duct. You set it up, it discards dryer air out of your house and there’s not much more to think about.

Or is there?

We encounter this sort of thing all the time during foreclosure inspections. Think about it: dryers create intense heat in small, usually confined spaces in your home. The dryer duct connects directly to your wall and if something goes wrong, you could be left in serious trouble.

Here’s a run down of dryer duct materials:

Plastic – This is an absolute don’t. Plastic can catch fire and spread it at a rapid rate (in other words, plastic ducts are flammable), leading to huge home damage. Stay safe and don’t use plastic!

Foil – While foil is not flammable, it can still virtually disintegrate if a fire starts within it. Some inspectors will not pass a home using this, though it is safer than plastic (and easier to use that semi-rigid aluminum).

Semi-Rigid Aluminum – This material is definitely the best and safest. Like any material, it can deteriorate under intense circumstances, but it has far greater integrity than foil or plastic. The UL listed semi-rigid dryer ducts will definitely offer the preventative safety that your home needs.

Avoid danger by choosing the right dryer duct material. As you know, certain materials withstand heat a lot better than others, in this case the aluminum. You also probably know that it only takes a spark to start a decent fire in the midst of certain materials. So, if you have a plastic or foil duct, get rid of it! Stop the fire when it’s still a spark, avoid danger and pass the home inspection with a semi-rigid aluminum dryer duct.