Wednesday, May 4, 2011

Inspection

Thankfully our inspection went pretty well. We arrived maybe 20 minutes or so after the inspector started in the basement. It was a pretty long inspection at around 4-5 hours. I'm not complaining though, it just means it was thorough.

There weren't any major issues, just typical problems you would expect with a 100+ year old house. Basically there is still some knob and tube wiring that should be updated at some point, some ungrounded outlets, and some minor plumbing issues. The main things with the plumbing are a missing P-Trap in the downstairs shower and the pipes in the basement are mismatched. The one coming from the sewer is galvanized steel (that one is original) and the other is copper. Those two types of metal do not play nice together and over time will rust and cause leaks. The inspector says it is not a big deal right now, but it should be addressed in the future. We should also replace the sump pump because it has been clogged up with paint.

We don't have any moisture issues in the basement (hooray!) and the house seems pretty sound. The inspector said that our kitchen was one of the nicer kitchens that he's inspected so that's always good to hear. Some of the minor issues with the house that are mostly due to age are the floors aren't level, some of the windows have been painted shut, and there are a few cracks in the plaster. Nothing a couple of do-it-yourselfers can't handle. The bathroom fans don't really work very well so we should probably replace those.

Other than that, things look great for the house! We did experience some frustration when we first walked into the kitchen. The really nice stainless steel french door fridge had been replaced with an unattractive black fridge with a cracked handle. Our realtor called to find out where the other one is and apparently it "broke." I don't believe that for one second, but what can you do?

Our appraisal came back at a very favorable 145K, so we'll be getting 15K in instant equity! That is definitely great to hear. Our lender actually said that it is very uncommon now for a house to get appraised that much higher than purchase price. No complaints here!

So now we are wrapping things up to prepare for closing, which has actually been reset by our lender to May 11 as opposed to May 12. She thought it would be best to allow ourselves one extra day in case any unexpected setbacks popped up. Good thinking. That means that exactly 1 week from today, Glenn and I will be the proud owners of lovely home in Tacoma! Yay!

Love to all!!!

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