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Independent Inspection ReportWhen you have narrowed the list of possible properties down to two, it is time to pay for an independent inspection for each property. This couple hundred dollars spent will be well worth the cost. An independent inspector will issue a report which can be a selling feature when that time comes. Be sure to have a reinspection if you do buy a house and make the repairs. This will tell a home buyer that you have complied with all the inspection deficiencies noted during an independent inspection. This will add value to the flip.Be sure to verify that you do not have a house under consideration that may contain asbestos. If the home is older, and you plan to make remodeling changes which could result in the removal of wall surfaces and flooring, be sure there is no asbestos present. Or find out if there is asbestos present and make appropriate allowances for the proper removal of asbestos. Click HERE for more about asbestos in the home.Estimates from building contractors for the major repairs you do not plan to do yourself will also be another layer of inspection. A contractor may see aspects you did not see, and aspects an independent inspector did not see. At this stage of the process you will need all the help you can get so you do not make a mistake.
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Prepared 2006-2010 David Ullian Larson |