Colorado Pro Inspect

Tuesday, February 10, 2009

Reasons To Get Your Investment Property Inspected

I have recently talked to several individuals who decided that getting a home inspection done on there home purchase was not required. I want to talk a little about this. A large number of people who have forgone a home inspection are investors. I believe the reason for this is because they are fairly versed in the construction and renovation of homes. I also believe that they are making a calculated mistake. Many of the people who rehab investment properties do not do the remodel themselves and typically they follow a strict budget where surprises can add significant costs. What if there is a large mold problem in the crawlspace and they do not know how to recognize this type of situation? what if the roof is in need of major repair or replacement and they fail to inspect it properly? Both of these items as well as a host of other issues can be extremely expensive and completely missed by the untrained eye. One of the biggest problems I run into while doing inspections on fix and flip homes is when investors spend large sums of money on renovations like tile or wood floors, kitchen and bath remodels, and new appliances, while forgetting to invest any money into the homes major systems like the HVAC, water heater, electrical, roof, or plumbing systems. This is probably done in hopes that the new buyers will either not get a home inspection, or just flat out miss any problems with these systems. If that happens then the investor comes out okay, but if it is not missed (any good home inspector won't miss) then the investor most likely will have to either make concessions on the price of the home or fix the issues. I am not going to tell or even recommend how people should handle their fix and flip, but I would highly recommend that everyone (including investors) retain a competent home inspector to do a thorough and complete home inspection. It just makes good sense. As a home buyer or investor a thorough home inspection can alert you to many different things that even a number of professional contractors will miss. Evan Hughes and Colorado Pro Inspect offer a variety of home inspection services geared towards the new home buyer as well as the investor.

posted by Evan Hughes at 10:26 PM


Blogger Ivanturpin said...

I am totally agree with the reasons that you have given in your blog for a property and home inspection. It is a must step before buying a home and property. I am also searching Rancho Palos Verdes property inspection online. Please share some services for me.

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February 11, 2012 at 9:08 PM  
Anonymous Anonymous said...

As a customer or trader a thorough house examination can aware you to many different things that even a variety of expert companies will skip. here

September 3, 2012 at 12:04 AM  
Blogger Ryan Ace said...

very, very interesting.
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June 13, 2013 at 2:19 AM  
Blogger Clint Mercado said...

Give yourself a chance to learn the new things about Real Estate. Try to seek help from professionals and see if you can learn things from them. We have to be productive in order for our business to succeed. Our duty is to keep our business stable even at negative times.

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July 17, 2013 at 9:10 AM  
Blogger Greco Clavor said...

Be constant in everything about our Property Investments Australia and make sure that we ensure our success with it. Now, we have to learn things the right way because we need to make sure that our business would achieve the success we want from it. Our effort in this business will change everything and will help things for us to go more smooth for our success.

December 7, 2013 at 7:11 AM  
Blogger Jason Simpson said...

Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic.
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April 20, 2014 at 2:57 PM  
Blogger Maurice Cabalero said...

This comment has been removed by the author.

July 4, 2014 at 6:42 AM  
Blogger Gerald Vonberger said...

I can tell by what you said that there are a lot of things that can go wrong if you neglect an inspection. As an investor, that would be a really important thing to do to protect your investment. It's good to know that inspectors are really good at finding things that could cause problems with the property in the future.

March 20, 2015 at 1:32 PM  
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To speak to a certified Colorado Home Inspector or to schedule a Home Inspection for your home, please contact Colorado Pro Inspect today. Evan J. Hughes is an InterNACHI Certified Colorado Home Inspector and will help you make an informed and educated decision on the purchase or sale of your new home.

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