Essential Questions Anyone Buying a Fixer-Upper Should Ask
August 31, 2016 11:35 am
Buying a property with the intention of fixing it up is an exciting prospect to many buyers. This is a great opportunity to craft the home of your dreams without spending a lot of money up front. However, the dream of renovating a fixer-upper can turn into a nightmare. Make sure you ask the right questions before signing any papers. The answers you get will tell you a lot about the property.
Five Questions to Ask Your Inspector
The person inspecting a property should be able to tell a prospective buyer about the condition of a home’s major systems. Get direct answers to these questions:
- What condition is the heating system and ductwork in?
- How is the electrical system?
- Does the roof require any repair?
- Is the plumbing up to date and ready for new fixtures?
- What state is the foundation in?
Levine Homes Real Estate has worked with a number of exceptional inspectors over the years. Reputable inspectors will be able to give you lots of valuable information regarding the most essential systems of a home. These are among the most important questions for a fixer-upper property.
Ask Yourself Some Hard Questions
Fixing up a home might sound like a fun project, but many fixer-upper investors are not prepared for the realities of living in a home that requires some extensive work. Even purely cosmetic changes can take many weeks, even months, to complete; in the meantime, a homeowner might be living in the same house where renovation is taking place. This can be a cause for stress and dissatisfaction, so homeowners should take careful assessment of their own attitudes regarding renovation.
Ready to Get Started?
If you are confident in the nature of your prospective fixer-upper and in your own ability to take on this project, our team is here to help facilitate this important purchase.
