Home buying is one of the most exciting aspects of real estate investment. It is an adventure in discovery, allowing the investor to identify properties with the best potential for a good return. Performing a physical inspection of the home will help minimize risks of buying into a bad deal and improve the chances of making an informed decision. Learn how to do a pre-inspection to help you save money and find a good investment.
Perform a General Checkup.
A physical do-over is an important first step in home buying. In fact, never engage in a real estate investment without performing a physical inspection of the property first. A physical inspection does not require expertise, but it does work best with common sense and experience.
Begin with the basics. Check the doors – can they be opened and closed completely without scraping the floor? Are the locks intact? Look for evenness on floors, cracks on walls, and signs of warping and holes on wooden parts. Check the stairs for sturdiness and glass parts for cracks. If possible, check the lights, outlets, water heaters and furnaces if they work. Buying property requires a substantial cash outlay and what might seem like a promising purchase may turn out to be dud if expensive replacements and repairs have to be done afterward.
Inspect the Kitchen.
The kitchen is the heart of every house. Modern kitchens are so much more than just an area for food preparation and eating. When much of the activity of the home is centered in the kitchen, it has to offer comfort, safety and practical use.
Check the doors of the cabinets and drawers for problems. Doors should open and close smoothly, and should be flush to the frames. Handles should be intact, with no signs of damage, deterioration or corrosion. The interiors should be smooth, clean and should show minimal stains, if at all. There should also be sufficient storage space.
Check the overall condition of heating appliances for scratches, dents and cracks. Inspect the knobs, grills and metal parts. Try opening the oven door. If it opens slowly, then the springs are still intact. Turn on the appliance to check that if it works well. Inspect the interior as well. Do the same steps with a microwave oven but do not leave the oven turned on for too long.
Electric stoves should have heat plates that are corrosion-free to ensure proper heat conduction. Turn on all the heat plates to check if they work. Gas stoves should be checked if the burners work independently. Simply turn each burner on and off one by one.
Check countertop surfaces and edges. They should be free of cracks, chips and other signs of damage. If there is any damage at all, it should be manageable and easy to fix.
Make sure that cooling and freezing appliances are clean, free from rust and physical damage, and still working. Turn on the faucet to check the water pressure and temperature. Inspect for corrosion and other signs of damage as well.
If the dishwasher works, check the door to make sure that the springs and seals are intact. Run the water through the garbage disposal to test if it is operational.
Inspect the Bathrooms.
Damaged bathrooms can easily put a dent on a good real estate investment because of the high cost of repair work these areas require. Take note of any uneven, scratched or cracked floor surfaces and broken tiles. Inspect the fixtures such as the faucets on the washbasin, shower and bathtub. Run the water for a few seconds to check for pressure and temperature. Check the toilet, tub and vanity for cracks and chips. Check the exterior and interior of cabinets and shelves as well. Lastly, inspect the ventilation system of the bathroom. Turn it on to see if it works and check the window if it can be opened and closed without issues.
Make Sure Bedrooms are Restful.
Bedrooms are the soul of the home. People retire to bedrooms to rest and relax. Perform a thorough inspection of the bedrooms and take note of the flooring, closets and windows. Location is key, particularly with master’s bedrooms. As such, access to and from the room should be easy and unemcumbered.
If the floor is carpeted, check the carpet for stains, damage and wear spots. If possible, check underneath the carpet to see if the flooring is still intact and undamaged. Inspect the locks and glass on the windows these should be opened and closed smoothly. If there are built-in closets, check the doors, hardware and interior.
Take Note of LivingFamily Room and Dining Room Space.
These rooms should feature ample space that is accessible from the main rooms of the house. Roomy, airy, cheery spaces are a big attraction for buyers and something that anyone thinking of turning home buying into a real estate investment should consider carefully. As such, it is a good idea to carefully inspect these spaces to make sure that they will fit most people’s expectations.
Other than the size of the area, check the walls, floors and ceilings for cracks, stains, holes and other damages. Look for sources of natural lighting because these help increase the natural charm of the area. Check the windows and doors for any problems and other potential issues.
Check the Basement.
If the home features a basement, it can be a good buy. Basements offer extra space for work, storage and recreation but they can also be a source of future problems. To eliminate any doubts, perform a thorough inspection of the basement because this is the area where water and moisture damage is most likely to occur. Check for cracks, holes, uneven surfaces and evidence of mildew or mold. Flooring should be even and there should be no cracks in places where the flooring meets the walls.
Inspect the Exterior.
The exterior is what attracts the buyers to the property but it is also the part of the house that is most exposed to damaging conditions such as wind, sun, rain and snow. Check the roofing, siding and garage for any problems, as these are the areas where damages are most likely to appear. Inspect the yard and the lawn. Trees, shrubs, plants and the like make excellent decorative elements but they can present problems if they are not well-maintained. If there is a fence, check if it is sturdy and well-kept.