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Article #62: Home Inspection Checklist For The Real Estate Investor

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When you are looking at property and structural problem with the house that
considering investing, it is always a could cost lots to fix. Check the
good idea to do a very thorough basement for a wet drain. If there is one
inspection of the house, inside and out, then the house may be on a sewer system.
to check for any possible problems. If This can cause problems when tree roots
there is a lot of maintenance or damage burrow into the system, and maintenance
that needs to be repaired the investment id needed every year for this problem.
could be a bad one. There are several Look at the paint and caulk around the
ways to spot damage or problems even if windows. Wood sills may be in need of
the home owner tries to hide them. repair, and caulk that needs replacing
Check the ceilings of every room for any may indicate a water or air leak. Look at
brown stains or signs of mold or mildew. the doors and windows as well as any
The brown stains are a sign of water storm doors and windows, because if any
damage, whether it is current or in the of them are old then there may be
past. If the owner says that the problem replacement costs. Check all the wiring
was fixed asked for the name of the to see if it is modern. Old knob and tube
contractor who did the work or the wiring will need to be replaced with a
receipt for the work showing what was new complete electrical system at
repaired. Usually the problem in this considerable cost to you. Be suspicious
case is water leaking through the roof of any area or appliance that the seller
and means that a new roof may be tries to avoid, and ask to move any boxes
required. Mold and mildew will have to be or furniture to make sure they are not
removed and this can be prohibitively hiding any damage.
expensive, so it is wise to stay away When you do the inspection of the real
from any property that shows signs of estate investment property make sure to
these. Check all of the floors for any watch for these things. By noticing
tiles or floor boards that are warped, any problems before you purchase the
cracked, or split as this can indicate property, you will save considerable
water damage to the floor areas. money by not making a bad investment. The
Check the basement area for any signs of estimated price to fix any problems can
water. Look for brown stains on the walls be used to negotiate a lower purchase
of the basement which would indicate price if you decide to invest in the real
water problems or leaks. Smell the estate and fix the problems.
basement air for any mildew smell to Copyright © 2007 Joel Teo. All rights
indicate water or flooding problems. reserved. (You may publish this article
Check the floor of the basement as well in its entirety with the following
as the foundation of the house for any author's information with live links
cracks. This can be a sign of a only.






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