34 Perks and Pitfalls

Client Story: Amy shares a story about a recently purchased home by a client that has an undisclosed/hidden leak that comes to light on their very first day in the new-to-them home.Home warranty – coverage for appliances and systems in your home. Can be on new or older homes.Home inspection – a home inspection is typically done pre-purchase but can also be done at any time during homeownership. This is a good way to know how things are aging in your home and what things should be taken care of immediately. Ask questions of your inspector and read the report.Disclosure statement on real estate documents – this is a form that is filled out by the seller during a real estate transaction and it is meant to inform the buyer of potential issues with the structure and systems of the home.Homeowner’s insurance coverage – typical coverage can include…           Dwelling coverage: covers walls, roof and floorboards           Property coverage: covers personal property such as jewelry and clothing Additional Living Expenses (ALE): a.k.a. Loss of Use – reimbursement for hotel, food, travel if temporarily displaced.From the field update: Amy tells about the cause of the basement flooding in the AmyWorks’ “new” office. Rising water table…this sh*! Is REAL!If you have questions/comments or would like to tell us your home-related story send us an email at askamy@amyworks.com