The Pre-Purchase Home Inspection

May 17, 2011 Hans Anderson Real Estate Investing, 6

If your looking for an investment property, consider getting a pre-purchase inspection of the property you intend to buy.

A home inspection is a visual examination of the property to determine the overall condition of the home. In the process, the inspector should be checking all major components (roofs, ceilings, walls, floors, foundations, crawl spaces, attics, retaining walls, etc.) and systems (electrical, heating, plumbing, drainage, exterior weather proofing, etc.). The results of the inspection should be provided to the investor in written form, in detail, generally within 24 hours of the inspection.

A pre-purchase property inspection can add peace of mind and make a difficult decision much easier. It may indicate that the property needs major structural repairs which can be factored into your buying decision or offer.

A home inspection helps remove a number of unknowns and increases the likelihood of a successful purchase at a good price.

The last thing you want is to purchase a property then find out you over paid for it because it has major structural damage.

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