Inspecting a potential Real Estate investment |
Inspecting a potential Real Estate investment:
Before purchasing any Real Estate one should do a careful and complete inspection of the property to assure that it is in good condition and would be a sound investment. A general overview should be done by the prospective buyer, but for an in depth inspection, one should consider employing the services of a professional Real Estate inspection company.
Check for leaks or water stain on ceilings, under windows; check for cracks and incomplete paint jobs.
Look under rugs.
Running the air-conditioning if you inspect the house during winter and heating systems in summer. Listen to the noise and check for efficiency and smells.
Visit the site at different times of the days and nights; check out the traffics and street noise and how the property looks and feels.
Turn on as many kitchen appliances as possible, simultaneously, to see if the electrical system can handle the strain. Turn on every light in every room. Bring your phone charger and plug your phone in all the outlets.
Check water pressure and temperature in the kitchen and all bath fixtures. Flush toilets with the shower on .Ring the door bell and check the alarm system (if available).
Measure the garage to determine that your car or both cars will really fit.
Find out if the neighbors own any dogs and what breeds. If the property has no fence, can one be built later?
If you are buying an apartment, ask residents next door, above and below the property to turn on their stereos and television sets and just walk around.
Get estimates for on going maintenance. In a condominium, find out how many times the common fee have been raised during the last five years and how much. In the suburb, ask for a going rate of gardener, if you don’t want to tend to the yard or mow the lawn. Get the cost of a snow-removal service if you don’t have a shovel, same with the pool service and care.
Get the most out of your home inspection. Consult the website of the American Society of Home inspectors (www.ashi.org) for fully qualified professional for a formal home inspection. A qualified inspector needs less than three hours to work through a detailed check list. Plan to tag along. A good inspector should show both good findings and bad findings and offer suggestions for keeping the house in tip-top shape. You may need to hire additional specialist for variety of specific needs. In earth-quake prone areas, bring in a structural engineer. If the property is in a place known for termites or bugs, hire a pest control expert. If there are mature trees involve, hire an arborist to detect any diseases and research the local rules regarding cutting or trimming tree limbs and legal ways to dispose of the refuse. And if there is a pool, get a maintenance company to check out the filtration, heating, and other systems.
|
| Author: Sanida |
| Date Added: April 08, 2009 09:15:44 AM |
| Category: Home Inspection |
Digg Article |