Real Estate

Bolting Mudsills to a Cement Foundation

Do you know if your house is bolted to the foundation? Bolting is a type of seismic retrofitting that secures a home’s mudsill to its concrete foundation. Mudsill is the horizontal wood that sits on top of the foundation. It is the bottom of an exterior wall that connects the frame of the house to the footing.

Mudsills that aren’t connected to the foundation (or poorly connected) will start to move during a quake, along with the walls they are attached to. This motion can cause gas lines to break and electrical wires to pull out. Floors can also be damaged. If the shaking is severe, the entire building may end up collapsing.

When the mudsill is properly anchor bolted to the concrete, it prevents the home from slipping and sliding during seismic activity.

Bolting a home to its foundation became a Uniform Building Code requirement in 1949. However, it took almost 10 years for local government to implement the code. Consequently, most homes built before 1960 in LA  have not been bolted to their foundations. Without bolting, an earthquake can shake the home off of its foundation.

You can check to see if your home’s mudsill has been bolted by going into your crawl space or basement and looking for thick bolts across the top of the sill. You should see bolts every 4 to 6 feet. There should also be steel anchor plates connecting the edge of the sill to the foundation’s side.

If you find any rusted bolts, they will need to be replaced. Rusted bolts are more common in moisture-prone areas.

Also look for recessed bolts. When the foundation is poured and bolts aren’t sticking up high enough, the mudsill around the bolt needs to be chiseled to get the nut on. This can make it difficult to tighten the nuts and virtually impossible for any anchor plates to be installed. Recessed bolts should be replaced.

An important point regarding bolting is the depth of penetration into the concrete. There are minimum and standard depth requirements depending on the type of anchor bolts being used. A foundation contractor can determine if bolts are at the proper depth.

Replacing bolts can be difficult because of the tight space. A foundation repair expert will know which bolts need to be replaced in addition to having all of the tools that will be needed to get the job done right.

Bolting is only one part of the retrofitting process. Even homes that are bolted can suffer severe damage from a quake if the cripple walls haven’t been braced properly. The cripple wall is the short wall between the first floor and the foundation. Cripple walls need reinforcement with sturdy materials like plywood. Stucco and wood siding does not provide enough support for the walls.

The best way to find out if your home is properly bolted, is to contact a Los Angeles seismic retrofitting company, a specialist in this area, and ask for a free inspection. Getting help from a foundation repair expert will save you time, money and potential damage from the next big quake.

How a Realtor can help in buying or selling homes

When some people think of realtors, their first inclination is to run away. In their minds, these are people who are out to get their money. They would much rather handle the buying or selling of their home on their own. Although this may work with some people, this is not the best route to take. The real estate process can be extremely confusing to anyone who doesn’t have the proper skill and knowledge of the industry. That is why these professionals are so important, whether you are looking to buy or sell a home.

One reason that realtors are so vital is because they have the expertise and training to deal with any difficulties that may come up. For example, if someone is trying to purchase a new home and the home is foreclosed, they may not know exactly how to deal with the situation. In this particular case, the potential homeowner would have to deal with a bank instead of an actual person. This can really complicate things. If there is no one to help them through this process, they would most likely lose out on the home. On the other hand, they could even purchase a place that they should’ve left behind.

Realtors are also able to assist with things that seem fairly easy, such as finding potential houses. This may seem like a piece of cake, but this is not necessarily true. Although there are websites and databases that list homes that are up for sale, an agent could possibly find out about some that are not on many lists. They could hear about it from an acquaintance or another colleague. So, because they are more involved in the industry, they are able to be up on much of what is going on. If someone were to try to do this job by themselves, however, they would probably miss out on some great housing options.

These professionals are also necessary because they are aware of all of the laws, rules and guidelines that come with purchasing or selling a home. So, they could help make sure that everything is done legally and properly and a good starting point to find a reputable agent or realtor would be Rebuia which is online Realtor and Agent Directory.

Along with the aforementioned reasons, realtors also help to relieve stress. No, it’s not because they come with a free weekly back massage. However, it is due to the fact that they basically handle all of the hard work. They are the ones who will be dealing with the banks, other real estate agents and even homeowners. All the client has to do is follow their leadership and guidance. The process of finding or selling a home is already hard enough. So, it’s good to have someone there who can help pick up some of the slack.

Real Estate in Canada

Real estate in Canada is at its top. If you are also going to start this business in the Canada then there are some important tips and guidelines, which you must keep in mind. These key points are: Even if you are transferring, a dollar from one place to another make sure verification is easy for this kind of transfer. Therefore, there should be documental proof of every transfer because if any transfer is over 10,000 dollars it is under investigation of federal authorities. Therefore, whenever you will make transfer over this limit FIA will come to ask you questions. Therefore, keep documental proof for this transaction so that you can answer all of their questions. If you are planning to buy from real estate in Canada then make sure that, you are buying through “all cash” because in many areas of the United States of America buyers through “all cash” get many useful and important benefits. Many sellers prefer to sell their property to persons who are “all cash” buyers and person of this kind also complete and close deal very soon. However, recommendations of many real estate business persons of the AbanaCapital that first you take advice from any good real estate investor that which method is much better for you to pay.

If you are taking decision of real estate investment in Vancouver Canada then make sure that mentally you are ready to face any kind of conditions. Today real estate in the United States of America is difficult even for Americans so a foreigner can face many problems. There are only few lenders, who pay loans to foreigners and you have to pay large amount of down payment for this loan as it is 30% in many areas of the Canada and they use different processes of your income verification form your country. To avoid this kind of condition it is better for you that you make relations with any bank in your own country or a foreign bank which is in your country and take loan from that bank and bring it to Canada for “all cash” buying procedure.However, it is better for you that you keep documental proof of all your money to save yourself from federal authorities and their questions.

Overall investment in real estate in Canada is much useful. However, it is better for you that you think and know detail before you are going to buy first property. Now think that you have property in the United States of America but living in any other country of the world then what you have done to control your property in the United States of America. Are you going into real estate Canada for profit? Then you must have knowledge about other kinds of investments and taxation system of the United States of America so that you can enter and exit in this country easily without any difficulty and problem.

Brooklyn Foreclosed Homes: A Great Investment Opportunity

Many real estate experts heaved a sigh of relief after the US government declared a bailout of $3 billion for US financial institutions. They expected that this bailout would break the lending freeze and would encourage US home buyers to go ahead and invest in new real estate properties in high price. However, the recession has taught the people of US the value of budgeting and pinching pennies and that’s why home buyers are more interested in buying foreclosure properties rather than newly built properties with exorbitant prices. This trend is also noticeable in Brooklyn area of New York too. There are wide arrays of Brooklyn Foreclosed homes available in the market and the budget price of these foreclosed homes of Brooklyn are luring many first time home buyers to invest in these properties.

In comparison to newly built homes or existing homes in the real estate market foreclosure homes are sold by government agencies or financial institutions in quite less price. Thus, it is not surprising that home buyers and investors are making a beeline for Brooklyn foreclosed homes because of their high return potential. These foreclosed properties which you might buy in virtually rock bottom price today might give you high returns when the economy booms once again. Even if you take in to account cost of the repair which most foreclosed properties require you would be surely a gainer if you chose to invest in one of the Brooklyn foreclosed homes.

Thousands of properties are being foreclosed throughout Brooklyn, New York and if you keep your eyes and ears open you would be surely be able to zero on a fine foreclosure home in Brooklyn from the various foreclosure listing websites of New York.

These Brooklyn foreclosure homes provide you with a great investment opportunity not merely because you can sell them off later at a higher price but also because you can also convert them into a rental property too. With a little investment on repairs you can turn one of the Brooklyn foreclosed homes into ship shape. There is a dearth of rental properties in the market right now and you can get high returns on your property investment if you plan to rent out the property you have bought.

Thus, Brooklyn foreclosed homes provide people with a great investment option in a wide array of ways. You can choose to buy one of these Brooklyn foreclosed homes for the following reasons.

• Properties for personal use.
• Properties for commercial use like offices and shops.
• Properties for rental purpose .
• Properties to be resold at higher price.

However, before you invest your hard earned money on one of the Brooklyn foreclosed homes you should check out various factors. You should glean adequate information about the foreclosure procedure and find out the existing market rate of the foreclosed properties in the area you plan to buy a property.