Common FHA appraisal repairs when buying home with FHA loan
When buying a home with FHA mortgage, the Federal Housing Administration (FHA) of the U.S. Department of Housing and Urban Development (HUD) requires that properties financed by the FHA meet its minimum standards of safety, security and soundness. Essentially, the home must be habitable, with running water, toilets, a stove and the other elements necessary to live in a safe and sanitary manner.
To comply with these FHA standards, the following are some of the common repairs that are required by FHA appraisers (and some repairs that are not required). Please note: These lists are not exhaustive and appraisals are subject to the appraiser’s opinion and/or the underwriter’s decision.
Also Read:
Buying a House with FHA Loan in Phoenix AZ
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Some common repairs that are required:
- Peeling paint in home built before 1978
- Downspouts and broken rain gutters
- A rotting shed or outbuilding in need of demolition
- Exterior doors that do not properly close or open
- Exposed wiring and uncovered junction boxes
- Major plumbing issues and leaks
- Inoperable HVAC systems
- Leaky or defective roofs; roofs with a life expectancy of less than 3 years; composition over shake
- Active and visible pest infestation
- Rotting window sills, eaves and support columns on a porch
- Missing or inoperable built-in appliances that usually are sold with a home, such as a stove. Basically the home must have a functional kitchen
- Bedrooms without minimal-sized windows or bedroom windows with bars that do not release. Replace with proper ingress and egress
- Foundation or structural defects. Presence of moisture in basement
- Evidence of present or past standing water in the crawl space
- Empty swimming pools, pools without a working pump, and pools with mosquito fish. The pool must be repaired or demolished
- Ripped or missing screens, if no air conditioning is present
- No pressure relief valve or seismic strap on water heater
- Fence that is in disrepair (leaning, broken, etc.)
Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ and surrounding area, we hope you will consider us. Contact us today for complimentary consultation.
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