Flip Flop
With fresh paint and brand-new appliances, what’s not to love?
The latest rage is the buying, renovating and selling of houses. Television and the internet provide a fun filled exciting look at renovating a house. But making quick money flipping houses is not something that comes as easily for a layman. We have encountered houses that are cosmetically pleasing but not structural sound. The buyer may be a perspective flipper or the purchaser of a renovated house. Either way, they must be protected.
DON’T SKIP THE HOME INSPECTION PROCESS
“Why bother with an inspection when he plans on tearing kitchens and bathrooms out”. This is a rookie viewpoint and a big mistake. A layman cannot see defects or predict potential issues like a qualified home inspector.
HIRE THE RIGHT INSPECTOR: Your inspector should be licensed, have many years of experience and be familiar with renovation process.
Home inspections are not warranties and we cannot see behind finished areas. But a thorough home inspection is your best bet in avoiding a financial flop.
Here’s a checklist that will help your buyers in this process:
- Who was the flipper? Has he/she flipped previous houses? What is their reputation and credentials?
- Check that all permits were filed for all systems installed and for all major repairs, roofs, etc.
- Is the basement finished? If so, check for permits.
- Who were the contractors that worked on this flip? What is their reputation and credentials including proper licensing?
- Gather all receipts and warranties for all major work completed.
- Hire the best qualified home inspector. Accompany him on the inspection and thoroughly review the report provided. Make sure he can identify and communicate why really matters in your deal.
908 769-0028
Cell 908 917-5771
www.rootshomeinspection.com