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Washington DC Home Security Systems and Automation
Home Security Systems and Automation
In Washington, D.C. appraisals are necessary to determine home value before you purchase real estate or adjust your mortgage, and are increasingly commonly for tax purposes. Home values are rapidly increasing in Washington, D.C. and for tax purposes you may be required to obtain a new appraisal of your home. Washington, D.C. property taxes are capped at an annual increase of 12 percent in order to ease the rapid rise of home value for property owners. Appraisers use three approaches to determine home value: cost approach, income approach, and market approach. Washington, D.C. appraisers are required to obtain a license from the Washington Real Estate Appraiser Commission. Home inspections are required by the District's Third Party Inspection Program for electrical, plumbing, mechanical, construction and fire protection. Washington, D.C. home inspections are also necessary to check for the Eastern subterranean termite, which is the most common type of termite in the Washington, D.C. region. This particular type of termite is known to relocate to harder to inspect areas if disturbed so it is important to conduct a thorough home inspection when dealing with termites.
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Washington DC City Facts
• Washington, D.C. requires contractors to have an insurance policy of $50,000 for injury in a single accident, $100,000 for multiple people in one accident, and $10,000 for property damage in an accident. They must also have a $5,000 surety bond with the Department of Consumer and Regulatory Affairs
• Washington, D.C. requires that every applicant for a building permit first complete an Environmental Impact Form (EIF) to determine possible environmental impacts of the project on the community.
• A Washington, D.C. permit for construction is required for new construction and foundations, additions, alterations and repairs of existing buildings, demolition, a retaining wall, fence, shed, garage, vault, signs, awnings, and interior layout of tenant spaces.