Common repairs new home owners choose to make

Common-repairs-new-home-owners-choose-to-make_1136_501784_0_14045593_500 Even though you had an inspection completed before finalizing a home purchase, odds are, there are going to be a number of little repairs you will want to have taken care of upon moving into your new residence. These can range in importance and cost, but can all improve the quality of your overall property, as well as enhance your sense of ownership.

In our 12 years of service, Poli Mortgage Group has grown into a trusted source of residential lending, but also general housing information. In addition to working around the clock to secure clients low rates, our team of Loan Officers tirelessly offer up valuable tips and tricks to those who are pursuing the path to homeownership, as well as buyers who just closed on their dream house.

Once in your new home, you may want to make small improvements and repairs, – as you can benefit by identifying any problems before they grow in size.

Updating, upgrading appliances
It is important you test all of the home’s internal systems to ensure that they are all in working order. Because pipes are hidden behind walls, plumbing problems often go unnoticed – until it is too late. Accordingly, you should check all faucets and drains, as well as thestatus of your water heater and appliances – such as the dishwasher, refrigerator and oven – to see if there are any issues that need attention.

Restoring your HVAC system
While you may not give it a second thought during a typical day, your heating and ventilation system is one of the most important aspects to your home. Neglecting to change the air filters and clean vents can cause you to breathe in harmful material like dirt and dust, which can adversely affect your health.

Replacing gutters, downspouts
Not only are your home’s internal systems important to examine, but so are its external systems. Gutters and downspouts that are damaged or have become clogged by leaves and debris can inhibit the flow of rainwater off your roof – and potential cause leaks. If these issues aren’t corrected after a few storms, your home’s structure could suffer, as all the runoff water might cause wood to rot and other building materials to weaken.

Looking to learn more about the proactive steps you should take upon moving into your new home? Contacting one of our qualified housing professionals can afford you all the information you need to know.

Call us today at (866) 353-7654.

Poli Mortgage Group is a Division of radius financial group inc. Corporate NMLS #1846. radius financial group inc. is an Equal Housing Lender. Poli Mortgage Group is licensed in CT, FL, ME, MA, NH. For more licensing information please visit: https://polimortgage.com/licenses/ or by visiting www.nmlsconsumeraccess.org. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs rates, terms and conditions are subject to change and are subject to borrower qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.

* This radius Pre-Approval/Credit Commitment Promise Contract ("Promise") is made and entered into, as of the date of the last signature below, by and between radius financial group inc. ("radius" or "Lender"), and the below-named Buyer and Seller. In consideration of Seller's reliance on this Promise in entering into a real estate purchase transaction with Buyer, the Parties agree as follows:

PROMISE TO SELLER. In the event that a Seller is induced to accept an offer from, and enter into a purchase and sale agreement with, a radius borrower on account of this Promise in connection either with (a) a radius Pre-Approval or (b) a radius Credit Commitment and the Buyer is unable to close on such Eligible Transaction due to a mistake made by radius (with accurate and up-to-date information) on such Pre-Approval/Credit Commitment (a "Bad Pre-Approval"), then radius shall pay Seller ten thousand dollars ($10,000), subject to the terms and conditions herein as Seller's sole remedy.

PROMISE TO BUYER. In the event that radius issues a Bad Pre-Approval to Buyer on an Eligible Transaction, radius will reimburse Buyer reliance expenses up to one thousand dollars ($1,000) for a home inspection, appraisal, or legal expenses actually paid out-of-pocket by Buyer, subject to the terms and conditions herein. This payment shall be Buyer's sole remedy.

ELIGIBLE TRANSACTION. For purposes of this Promise, an "Eligible Transaction" is a purchase money mortgage transaction for a primary residence (made on or after April 1, 2018) (not made to a radius employee or immediate family member), provided that the loan is a Conventional, USDA, VA, or FHA loan product for either (i) an existing home resale or (ii) a newly constructed home that is to be delivered and closed within ninety (90) days of the P&S.

CONDITIONS. The applicable radius Pre-Approval must not have expired prior to the date of the P&S. Offers/P&Ss cancelled due to home inspection issues or title defects are not covered under this Promise, and this Promise is void if a Bad PreApproval is the result of: (i) a change in Buyer's financial position, (ii) property specific requirements or expenses (e.g. homeowner's association dues/fees, flood insurance, or property taxes), or (iii) loan product availability or underwriting requirements, or third-party actions outside of radius' control.

FUNDS DISBURSEMENT. Any funds due and payable under this Promise will be paid if requested by Buyer or Seller in writing within 90 days of the date of an applicable Adverse Action Notice and accompanied by a fully-executed copy of this Promise. Any payments made under this Promise will be reported to the Internal Revenue Service by radius on a Form 1099-MISC or as otherwise required by then-applicable law. Please consult your tax advisor for any tax implications.

Common repairs new home owners choose to make

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