People looking to invest in a home, often search through multiple properties in order to take advantage of lower priced homes and find a cheap bargain. The thing is this, just because the home is on the market for a cheap listed price does not mean it can bypass a professional home inspection.
There are a few questions that you need to ask when you find a home that has been listed on the property market for awhile, and listed at a cut down cheap price.
1. How old is the house?
2. Has the home been vacant and for how long?
3. Why is the home so cheap?
If you are looking at buying a home or property, and the questions above are relevant to your situation, you probably need to get in touch with a home inspection company. Every single home or property has issues, especially if the house is older. The older the home, the more likely the issues are of higher concern and need more attention.
As a home investor you need to be aware of what exactly you are buying and if it will cost you more in the end.
That’s the beauty of a home inspection; a completed inspection is a detailed accounting and filled with information regarding the property that has been inspected. This is useful to the buyer/investor as it show the buyer all there is to know about the property they want to buy.
A good point to keep in mind is that a “good deal” is never a “good deal” until you actually know everything included in the deal. The best way for you to know if you’re getting a good deal on any property is to have a fully completed home inspection in front of you.
This way you can weigh up the potential repair costs needed, and then make an informed decision based on the inspection results.
If anything you must remember this phrase “Caveat Emptor” which is Latin for let the buyer beware. Know what you’re buying, as in all things, if it’s too good to be true it usually is.
