Home Electrical Inspection done by a Licensed Electrician

Home Electrical Inspection done by a Licensed Electrician

If you’re in the process of purchasing a home and want to do things right, you should have a licensed electrician perform a home electrical inspection before you think about buying. This way, you can get an idea of any electrical problems and even estimates of what it would cost to have them fixed.

When we go out house shopping we don’t often think about hiring an electrician to come and inspect a home for us before we purchase it. But it is highly recommended and will help save you money in the long run. It’s good advice to hire a home inspector for a general home inspection and a licensed electrician for a home electrical inspection to come and look over the home and check for any wiring defects or problems. These people are skilled at spotting any problems that may cause you trouble after you purchase.

Get a Home Electrical Inspection

The home inspector will check the home for all general problems – anything that may need replacement or is in need of repair. A home inspector will also check the electric to see if it will pass inspection or not. If a home has old wiring that could be a danger and needs upgrading, then the home inspector will most likely fail the electric for the home. At this point, you’ll need a licensed electrician to take care of any electrical problems that were failed by the home inspector.

Another way to look at it is, a home inspector does a general inspection of the entire house and an electrician, when performing a home electrical inspection, does a detailed inspection of everything electrical.

Nowadays when you buy a home, some mortgage companies request that you have a home inspector come out and do an inspection on the property. The wiring is a major part of the home and its operation, so hiring a licensed electrician to diagnose potential issues is important. When you purchase a home, the last thing you want to worry about are expensive electrical “surprises”. It is always good to know everything upfront so you know what you are dealing with before you buy the home.

During a home electrical inspection, an electrician will offer solutions to your problems and help you to make an informed decision about the home. Once moved in, the receptacles and switches for the home should be replaced to ensure safety. This is an excellent way to stop electrical problems before they happen. Also have your light fixtures checked – it’s quite common in older homes to have overloaded circuits that will crack insulation on wires.

If you have old light fixtures, start replacing them one at a time. Doing all of these things will help to ensure that you have a safer home for you and your family. In addition to a home inspector, hiring an electrician for a home electrical inspection – to inspect and correct electrical problems in the home – is a good investment and money well spent.

Dollar posts largest weekly gain in one month as oil slumps

dollar

The dollar rose on Friday, posting its biggest weekly percentage increase in a month, as risk appetite declined and investors sought the currency’s safety following a steep drop in oil prices that suggested global growth is slowing.
The safe-haven yen and Swiss franc also advanced.

The drop in oil prices fuelled a risk-off wave across the board. U.S. crude futures were last down nearly 8 percent on the day.

“Risk aversion has been the main driver all week, with oil prices driving market sentiment,” said Shaun Osborne, chief FX strategist at Scotiabank in Toronto.
“The dollar is better overall for the week because of the risk-off stance, despite a fairly significant pricing out of 2019 rate hike expectations,” he added.

In afternoon trading, the dollar index was up 0.3 percent at 96.959. It has gained in five of the last six sessions.

The dollar’s near-term outlook, however, has dimmed a little bit as some of the recent U.S. economic numbers have come in weaker than expected and several Federal Reserve officials have struck a cautious tone on the economy. All told, investors increasingly believe the Fed may be nearing the end of its tightening cycle.

That said, Jane Foley, senior FX strategist at Rabobank in London, believes the dollar will still find decent support as investors are likely to remain cautious on emerging market assets.

dollar1

“The huge liquidity associated with the greenback, the fact that there is no real default risk on U.S. Treasuries, and the credibility of the U.S. legal system are enough to endow the U.S. dollar with sufficient safe-haven appeal for many investors,” Foley added.

The euro, on the other, fell to a one-week low on signs economic growth could be slowing across the euro zone, with worries about Brexit and Italy’s budget negotiations also weighing on the single currency.

Business growth in the euro zone slowed much more quickly than expected this month, a Purchasing Managers Index survey showed. After German private-sector growth slowed to its lowest level in nearly four years, the euro dropped into negative territory and was last down 0.7 percent at $1.1329 .

In other currency trading, the yen rose broadly on fears about the implications of lower oil prices on global growth.

The dollar slipped 0.1 percent against the yen to 112.86 yen, while the euro tumbled 0.7 percent to 127.86 yen.

Oil prices plunge as production surges
The Australian dollar, often considered a gauge for global risk appetite, weakened 0.4 percent to U$0.7225.

Analysts expect the Aussie to remain subdued ahead of a meeting between U.S. and Chinese leaders at a G20 meeting in Argentina at the end of the month, with markets watching for any sign of whether they may agree to de-escalate their trade war.