OfflineAn inspector checks the safety of your potential new home. Home inspectors focus especially on the structure, construction, and mechanical systems of the house and will make you aware of only repairs, which are needed.
The inspector does not evaluate whether or not you’re getting good value for your money. Generally, an inspector checks (and gives prices for repairs on): the electrical system, plumbing and waste disposal, the water heater, insulation and ventilation, the HVAC system, water source and quality, the potential presence of pests, the foundation, doors, windows, ceilings, walls, floors, and roof. Be sure to hire a home inspector that is qualified and experienced.
It’s a good idea to have an inspection before you sign a written offer since, once the deal is closed, you’ve bought the house as is. “Or, you may want to include an inspection clause in the offer when negotiating for a home. An inspection clause gives you and out” on buying the house if serious problems are found, or gives you the ability to renegotiate the purchase price if repairs are needed. An inspection clause can also specify that the seller must fix the problem(s) before you purchase the house.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Thanks for the clear input. It sheds clarity on the home inspection
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
Is there a way for inspectors to tell if there is moisture accumulated in unseen areas, say like a subfloor?
Emily
ECC Investments, LLC
A good one can tell ANYTHING! I learned that on my first deal, the first one missed a bunch of stuff, then second one DIDN'T!!
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
Thanks for the post here. My interest in this post arises because i have found a deal that seems so good to be true. The property was damaged by fire a couple of months ago, and i was told inspectors have signed off the property. The contractor stopped work midway into the project, making it more valuable than before.
Location is good with walking distance to three different schools. The property is priced at $98,000 and the ARV is $130,000.
According to my COMPS, the property can sell for about $180,000. What i dont know is this, will the fact that the property was damaged by fire scare any eventual buyers from buying the property after it is completed.
This will be my first deal and the issue really bothers me. It looks too good to be true and i feel there must be something wrong somewhere
We've just found a HOLE in the subfloor of the bathroom where it rotted! I'm so glad I decided at the last minute to replace that floor. We were finished with the house - I had even had it totally staged already. Something kept bothering me so I just decided to do it. Thank goodness! At least now we can take care of the problem.
Lucky - I don't know what to tell ya on that one. I'm sure one of these experienced guys/gals will come thru shortly to help !
Emily
ECC Investments, LLC
A home inspector can be equipped with certain tools that can and will detect moisture in floors, walls and virtually any place you suspect water damage. This tool is called a moisture meter and not all inspectors have them. You will pay a little more for this type of inspection, but can be worth while.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
A good inspector should be testing around toilets and under sinks for soft and rotted material. By using your foot, you can apply pressure around the toilet and see if it is soft or gives more than normal, this is an indication that there will be some repairs.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
With fire damage you need to make sure sufficient repairs have been made. What I mean by this is, you need to replace all burnt or damaged material or put a new reinforcement board right along the side of the damaged material. This could be studs in the wall or rafters in the roof. You need to reassure the buyer that all this has been taken care of properly. You can take pictures of the repairs if it’s in the walls or you can show them in the rafters if the damage was in the attic. With proper repairs you can make the structure just as sound as the day it was built.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
hey lucky, i having a hard time understanding your previous post?, You say that the ARV of the property is $130,000 but the "COMPS" are telling you the properties worth $180,000?, there shouldn't be 2 different figures here, If the COMPS are telling you the properties worth $180,000 than ARV should be $180,000, CLASS DISMISSED.
YOUR HERO, SULLY