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school_daze_47 | What does it mean to say that a house has "good bones"? And how do you determine that it does? |
I'm looking to buy a cheap fixer-upper house in the Cleveland or Columbus Ohio area. In my price range, many of the properties are listed as being sold "as is" or "no disclosures". How do I determine how much work the property will need to be livable? I plan to fix up a house myself (mostly), and live in it, not flip it, so I need to find something that is at least liveable quickly. I don't have much experience with this -- how reliable is a house inspector for this? Any advice or shared experiences would be most welcome! |
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mysterious woman
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good bones= house built well. Does not give you any guarantees though |
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davidinark
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Good Bones usually means the structure is sound, solid - boards not cracked or warped, etc. You won't know unless you have an inspector check it out though. And in some places, you are REQUIRED to have the house inspected before you buy it.... |
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Wren )O(
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Beyond passing a home inspection, I take good bones to mean a house possesses good architectural detail, like coved ceilings, great oak trim work, interesting nooks, beautiful floors, great windows and of course generous proportions. Pleasing to the eye and fit to the purpose of the homeowner. |
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mazziatplay
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If home inspectors in your state are licensed and bonded you're pretty safe getting a whole home inspection to detail what needs to be done. If they're not, hire someone recommended by a local Realtor, they'll know who you can put your faith in.
Good bones means it is structurally sound, major items like wiring and plumbing, heating, etc are in good shape, it just needs cosmetic work and some updating.
Your lender is going to have an appraisal of the property completed and the appraiser will call for inspections if he sees anything that causes concern but a whole home inspection by a licensed agent is always a good idea. |
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rowdysunsetart
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When a house has "good bones" it means the structure of the home is solid..the wood used for the home is in good shape and sometimes the foundation is solid...in any fixerupper...if the foundation is not solid or good..you might as well walk away now...there are some things you have to look at...when looking at a fixer upper...the worst things are: bad foundation, termites, mold, bad electrial and bad plumbing...all could cost alot more than the property or house is worth...first off is the foundation...check to see if the foundation has become unstable..ie..has the house sank or settled...causing structural damage...check for mold in and under the house walls, basement...and bugs...I would NOT get a house unless I had an inspector...they are well worth their price and could save you thousands...I worked with realtors for years and I can tell you a few horror stories...Call a few inspectors and ask them what you asked us..alot of them are happy to share their knowledge...or can tell you where to go and call a few realtors in your area and ask them what exactly the terms mean in your area of as is or no disclosures....knowledge is power...go to hgtv network and find all kinds of info on just this sort of thing...hope it helps |
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linkus86
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A house with good bones is a house with a solid foundation. Everyone is going to tell you to do a home inspection which is a great idea once you have found the right property. But for you, I highly suggest you contact a Realtor who might know something about the various properties you are considering since there are no disclosures for them. Realtors have inside knowledge of properties in their market and can "bird dog" the many available foreclosures after getting to know your needs and desires. The bonus is that as a buyer you likely won't have to pay a Realtor a dime because the seller pays the commission. |
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yourforexinvestor
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First a home with good bones is one mainly where you could do a complete internat tear down and start over moving walls, etc... Many also consider it to maen that the structure is good, not rotted, no termites, etc...
I think you are on the right track of wanting to buy a fixer upper but be aware that unless you have a good amount of disposable income saved and can afford to not live in it for at least 2 months in many cases, do not get started.
I would always suggest the use of a good certified inspector service. You should always interview a few of them first and then go with the one you are most comfortable with. Most of the inspectors warranty the homes they inspect. Actually there are a lot of laws out there that hold the inspectors liable for a lot of major items. Check with your local laws on inspectors.
Good luck,
Brandon Wells
http://www.yourforexinvestor.com |
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godged
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The problem with "as is" and "no disclosures" properties in my area is that it is soooo difficult to find a lender that will fund a loan on these properties.
I highly recommend getting a home inspection. A good home inspection is worth its weight in gold. Some inspections are worth spending the match to burn them up. So check around to get recommendations on a home inspector. |
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gettingfeetwet
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Good Bones means that the infrastructure of the house is in good condition and that it mostly needs a lot of tlc in terms of updating and decorating. Home inspectors are an iffy group. I have had good ones and bad ones. But make sure you do not use one that your realtor suggests. Ask your friends for recommendations. Also your home inspector will give you estimates to correct the problems in you house.
Use your gut feel when you walk through a house. Make sure that it is an up and coming or established neighborhood.
Good luck. |
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Kathleen M
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Definitely get a house inspection. Good bones means structurally sound. Check around with people you know have purchased homes and see who they had do inspections and see if they were satisfied. Remember don't bite off more than you can chew (or afford to pay someone to fix). Good Luck. |
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jvazjr07
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Ahh good bones. Another fine word invented by the 'realty clerk' community. CORNY. |
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