When buying property, one mustn’t forget a very important step before signing a contract: the inspection. This is your opportunity to gauge the structure of the property and come to a true understanding of what you’re about to buy.
A good inspection covers a few primary things:
- – Allows you to see the property up close.
- – Lets you and a professional identify any problem areas.
- – Helps you determine whether the asking price is fair.
Ready? Here are nine things to look for during a property inspection.
1. The roof
Roofs are essential and expensive, and a small problem can quickly become a large issue. Make sure the roof of the property is structurally intact and will last for a few more years. If not, make sure the cost of roof repairs are factored into the sale price.
2. The HVAC system
Heating and cooling are essential for habitable spaces. If you plan to rent the property, a poor HVAC system could lead to issues with tenants.
3. The electric system
How sound is the wiring in the building? Can the property survive a power surge? These are questions to answer before deciding to purchase.
4. The foundation
Make sure this part of the building is stable, and keep an eye out for water damage caused by poorly constructed drain pipes.
Look out for next weeks post for Part 2 of 9 things to look for during a property inspection