hen you are looking at is wise to stay away from any
property and considering property that shows signs of
investing, it is always a these. Check all of the floors
good idea to do a very thorough for any tiles or floor boards
inspection of the house, inside that are warped, cracked, or
and out, to check for any split as this can indicate water
possible problems. If there is a damage to the floor areas.
lot of maintenance or damage that
needs to be repaired the Check the basement area for any
investment could be a bad one. signs of water. Look for brown
There are several ways to spot stains on the walls of the
damage or problems even if the basement which would indicate
home owner tries to hide them. water problems or leaks. Smell
the basement air for any mildew
Check the ceilings of every room smell to indicate water or
for any brown stains or signs of flooding problems. Check the
mold or mildew. The brown stains floor of the basement as well as
are a sign of water damage, the foundation of the house for
whether it is current or in the any cracks. This can be a sign of
past. If the owner says that the a structural problem with the
problem was fixed asked for the house that could cost lots to
name of the contractor who did fix. Check the basement for a wet
the work or the receipt for the drain. If there is one then the
work showing what was repaired. house may be on a sewer system.
Usually the problem in this case This can cause problems when tree
is water leaking through the roof roots burrow into the system, and
and means that a new roof may be maintenance id needed every year
required. Mold and mildew will for this problem.
have to be removed and this can
be prohibitively expensive, so it Look at the paint and caulk
around the windows. Wood sills When you do the inspection of the
may be in need of repair, and real estate investment property
caulk that needs replacing may make sure to watch for these
indicate a water or air leak. things. By noticing any problems
Look at the doors and windows as before you purchase the property,
well as any storm doors and you will save considerable money
windows, because if any of them by not making a bad investment.
are old then there may be The estimated price to fix any
replacement costs. Check all the problems can be used to negotiate
wiring to see if it is modern. a lower purchase price if you
Old knob and tube wiring will decide to invest in the real
need to be replaced with a new estate and fix the problems.
complete electrical system at
considerable cost to you. Be Copyright © 2007 Joel Teo. All
suspicious of any area or rights reserved. (You may publish
appliance that the seller tries this article in its entirety with
to avoid, and ask to move any the following author's
boxes or furniture to make sure information with live links
they are not hiding any damage. only.)
About the Author:
Joel Teo writes on various financial topics including Las Vegas Real Estate . Learn about Las Vegas Real Estate Investment at http://www.RealEstateInvestment101.info
Read more articles by:
Joel Teo
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