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Real Estate

Getting Inside A HUD Home Inspection

Interested in learning more about HUD home inspections? These types of property inspections differ from other forms of inspections in several ways. Designed to help people who need assistance to find affordable and decent housing, HUD inspections primarily work to approve properties that meet basic human needs.

Here are the main things you should know about these inspections.

The Inspector

Inspectors from the Department of Housing and Urban Development may perform HUD Home inspections. However, privately owned inspection companies may also complete HUD home inspections.

According to What is a HUD Home Inspection, inspectors won’t be accepted by the Department of Housing and Urban Development to complete HUD Home Inspections until they complete the Uniform Physical Condition Standards (UPCS) inspection training.

This training course teaches current inspectors how to meet HUD standards. In other words, it isn’t a program that’s offered to individuals who have no inspection experience. So, if you are interested in becoming qualified to complete HUD home inspections, you’ll first need to have previous inspection experience and will then need to complete the specified training.

The Standards

To qualify as low-income housing a property must meet a set of strict standards. Families are able to choose their own living arrangements through the Housing Choice Voucher Program, but the chosen property must meet HUD standards, otherwise known as basic Housing Quality Standards (HQS).

The standards are designed to ensure the health and safety of residents and apply to apartments, single-family homes and shared housing in group environments. Before a property is accepted, it must undergo a HUD Home Inspection to ensure that the standards are met.

The Requirements

Inspectors who are conducting HUD home inspections are required to evaluate residences based on 13 requirements. The 13 requirements, according to the HUD Housing Choice Voucher Program Guidebook are:

  • Sanitary facilities
  • Space and security
  • Food preparation and refuse disposal
  • Illumination and electricity
  • Thermal environment
  • Structure and materials
  • Interior air quality
  • Water supply
  • Access
  • Lead-based paint
  • Site and neighborhood
  • Sanitary condition
  • Smoke detectors

In addition to reporting on those 13 requirements, inspectors must use sound judgment to report possible hazards. If there’s a hazard outside an area that is required to be inspected, the inspector must use best judgment to determine whether or not that hazard is important to note. These are all details that inspectors will learn as they complete the required training program to become certified to complete HUD home inspections.

HUD home inspections follow a strict set of standards and requirements. Both HUD inspectors and privately owned inspection companies commonly perform HUD home inspections. If you are an inspector for a privately owned inspection company, learn more about the requirements of HUD home inspections and how those requirements vary from other types of inspections.

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Real Estate

Retail Solutions Advisors Offers Asset Management to Commercial Property Owners

One of the things you need as you grow your bottom line is an asset manager. There are many services and companies out there who like to take your money to manage your money and you may or may not be able to count on them. With Retail Solutions Advisors, you can absolutely count on getting a great return on your investments through them because they treat your account the same way they treat their own.

They look at the three cardinal rules for Asset Management: diversity, capital preservation, and avoiding risk. With these three objectives firmly in place, they take a look at what you have today and your overall financial goals. Once they understand where you want to go with investments and how you want to earn, they create a plan that will help you get to where you want to be.

It isn’t necessarily easy all the time, but it is fairly predictable for the most part. You work the plan to achieve the goals. No problem there, and Retail Solutions Advisors is right there to manage things and keep them on track. Their asset management experts can make day to day decisions around investment strategies and what constitutes the right mix of investments at any given time.

Since Retail Solutions Advisors treat client accounts like they do their own, they are investing with you – it is added confidence that the steps being taken are measured and weighed before hand because the risk is the same for both. And avoiding excess risk is one of the names of the investment game. Retail Solutions Advisors owns the same investments that they are making on your behalf, so you are in it together all the way. They “put their money where their mouth is” and put it into action instead of just talking about it.

The world of commercial real estate and commercial property asset management is what Retail Solutions Advisors is passionate about – they live it and breathe it on a daily basis. If they didn’t, they probably wouldn’t have gotten to where they are today which is the top position of commercial real estate companies in all of Florida and one of the best in the whole Southeastern U. S. They are investors for their own company, so they truly understand the needs of their clients.

So at the end of the day, in the areas of investments they don’t just look at things and direct others, they make the investments for themselves and their clients right there. If you aren’t making money then they aren’t either – and no one wants investments that don’t make a profit. Their dedication and commitment to building their clients’ bottom lines is legendary in the industry, and you can have all of this personal attention for your investments when you let them know you ‘d like them as your asset management team.

You are important to Retail Solutions Advisors – your business is their business. Don’t hesitate to give them a call and find out what they can make happen for you.

Asset Management is just one of the many valuable services that Retail Solutions Advisors offers to their commercial property owning clients.