CA_Principles_15[1]

CA_Principles_15[1] - Principles of California Real Estate...

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1 Lesson 15: Real Estate Construction, Ownership, and Investment Principles of California Real Estate Construction » Real estate agents need to know enough about residential construction to evaluate the soundness of a house. Sellers and buyers rely on an agent for a preliminary evaluation of the home they’re selling or considering buying. In California, agents have a legal duty to perform a visual inspection of any property they sell. Construction » When evaluating the soundness of a home, a real estate agent should be familiar with the following aspects of residential construction: architectural styles local building codes and regulations the role of the architect plans and specifications construction methods and terminology
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2 Construction Architectural styles » Architectural style is an important criterion that buyers consider. Style can significantly affect the value of a house. But one style isn’t inherently better than another; the value of a style depends on buyer’s personal preference. » Some styles common in California: Ranch : one-story with low-pitched roof Split-level : a one-story wing and a two-story wing Modern-style : large picture windows Bungalow : one-and-a-half stories with gabled roof Spanish-style : tile roof and stucco exterior Architectural Styles California homes » One-story house: least expensive to build and easiest to maintain but uses the land least effectively » Two-story house: less expensive per square foot than one- story house (more living space on one foundation) but stairs inconvenient for some buyers Architectural Styles One-story vs. two-story
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3 Construction Role of architect » Architect hired to design a home: creates a design to meet the owner’s needs and preferences helps owner obtain government permits and bids from contractors visits work site to inspect the work and interpret the plans; acts as owner’s representative at construction site Construction Role of architect » Architect hired to design a home: creates a design to meet the owner’s needs and preferences helps owner obtain government permits and bids from contractors visits work site to inspect the work and interpret the plans; acts as owner’s representative at construction site » Architect who designed a house can be the best source of information about the house. House Construction Building codes » Building codes: establish minimum standards for building materials and construction methods prevent unsafe and unworkmanlike construction promote quality and uniformity in home building; set minimum standards of quality
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4 Construction Plans and specifications » Plans : Drawings that show vertical and horizontal cross-sections of a building. Show the placement of foundations,
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This note was uploaded on 09/06/2011 for the course FI 365 taught by Professor Staff during the Spring '11 term at S.F. State.

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CA_Principles_15[1] - Principles of California Real Estate...

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