Inspecting the Current State of your Rental Property

This topic has 1 reply, 2 voices, and was last updated 6 months ago by ASCENDCORP STRATA.

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  • #13207
     propsm
    Participant

    A visual inspection isn’t going to be enough. A full inspection—performed by a licensed home inspector—will give you a more accurate look at the state of the property. Your buyer is going to have an inspection and will ask you to repair or give a repair credit for anything major. (In a slower market, they’ll ask for most minor things, too.) Don’t give them ammunition for price reduction or closing concession requests. Know what’s going on in your property ahead of time so you can make the repairs you’ll be asked to make anyway.

    If your home inspection report turns up little or nothing, you can present it to potential buyers as a “pre-inspected home,” further providing proof that the property is a solid investment.

    #13690
     ASCENDCORP STRATA
    Participant

    Hey propsm, thanks for the info. If you have some time, you can visit us in AscendCorp Strata.

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