Passing the FHA Appraisal- 3 Quick Tips

Passing the FHA Appraisal- 3 Quick Tips

Do you have an upcoming FHA Appraisal on your property? FHA Appraisals are quite thorough. If there’s anything even slightly wrong with your property, and a good FHA appraiser will find it. Here are 3 tips to ensure your property passes your FHA appraisal with flying colors. 

 

1. The FHA does not permit damaged or chipping paint anywhere on the property– this is easily the most common problem we encounter that causes a property to fail an FHA inspection.  Often times, FHA repairs need to be completed in a short period of time.  There are all sorts of little tidbits of information you might need to know about painting, but most of these can be answered at your local hardware store.

It’s also noteworthy that whether the interior paint is chipping or not, homes built before 1978 will still need to have the interior scraped and re-painted, as it’s very likely the walls were painted with lead-based paint, which is a no-no in the FHA handbook.

The most important piece of information we’ll pass along is this- you can’t rush painting.  Different surfaces need different types of paint; different types of paint need different weather conditions and different amounts of time to dry.

2.  Make sure all of the utilities are working properly.  Now remember that real estate appraisers and home inspectors do different things– but when it comes to an FHA appraisal, they do have a shared responsibility to make sure the utilities are functional.  Make sure all of the lights and faucets turn on and off, and that hot and cold water flow properly.  These repairs cannot be ongoing during the appraisal, everything has to be 100% functional and safe- which brings us to our next tip…

3. Plumbing repairs.  Off all possible utility repairs necessary, plumbing repairs can have the most lasting-effects.  If you’ve taken the 2nd tip in the post to heart and had the pipes in the walls and under the sink replaced, then good for you- but until the hole in the wall that the plumber had to punch and the rotting water-damaged wood under the sink has also been replaced or repaired- regardless of the fact that the utitilities are now functional again- the home is still water-damaged.

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