More and more people are looking to buy a fixer-upper in Fort Myers to flip or live in themselves. It can be an incredible investment, but as the buyer, you must always beware!
There are many things to watch out for when you buy a fixer-upper, but here are four of our biggest things to look out for!
Structural Issues
Before finalizing a property purchase, conducting a thorough inspection of the foundation is paramount. Look out for cracks and signs of settling, especially visible slants or cracks in walls near doorframes and windows, which signal a compromised foundation. A faulty foundation can trigger the deterioration of the entire structure, resulting in a series of costly repairs. From cracked walls to roof damage, plumbing, and electrical issues, the ramifications of a weak foundation can be extensive and financially burdensome. To preempt unforeseen expenses, enlist a professional to conduct a comprehensive inspection of the foundation before proceeding with the purchase.
Water Stains
This is a surefire sign of a plumbing issue or leaky roof. Repairs to both of these can be expensive and can lead to further damage and repair costs. Water damage can cost a fortune not only in repairs but mold clean up, new carpets, etc. Look for discolorations in the ceiling or on the walls near plumbing fixtures. A shower can leak into the wall for years before it is detected. This can cause immense damage to the structure of the home.
A leak in the roof can often indicate underlying issues, and purchasing a home only to discover it needs a complete roof replacement afterward can be a costly and frustrating experience. Water damage and the associated repairs can incur significant expenses in home maintenance. To mitigate these risks, it’s crucial to have the property thoroughly inspected before making a purchase. Additionally, consult with the property owner about any past problems, as they are legally obligated to disclose any issues with the home. This proactive approach helps ensure transparency and allows you to make an informed decision regarding the property’s condition and potential maintenance costs.
Look Out The Window
Or better yet, look at the windows. You’ll want to make sure the windows are double pane and not the old fashioned single pane windows often found on older homes. Even if the windows are insulated and double pane, hot and cold air can still make its way in. Look for window fogging or drafts coming through small cracks.
These cracks can also let pests and bugs walk right in. A poor foundation can lead to settling, causing doors and windows to shift. No matter what climate you live in, the windows play a huge role in your energy efficiency. Replacing a whole house full of windows can get expensive fast!
Signs of General Neglect
They say “how you do one thing, is how you do everything.” If the home you want to purchase has been poorly kept up cosmetically, there is a very good chance that structural elements of the home have not been tended to. Think about what could be hiding behind those walls. Faulty electrical work or a bug infestation which is often not detected at a home showing.
When evaluating a property, it’s vital to acknowledge that sellers might conceal issues like pest infestations, plumbing problems, or inadequate repairs to enhance the house’s appeal. Thus, it’s imperative for buyers to undertake comprehensive due diligence. Alongside inspecting for visible issues, it’s crucial to inquire about any renovations, upgrades, or structural modifications performed on the property. Verify that these changes were executed properly and adhere to building codes to mitigate potential safety risks or expensive repairs in the future. Taking these precautions aids in protecting against unexpected problems and fosters peace of mind throughout the home buying process.