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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: AtlantaBob on July 16, 2016, 11:58:07 AM

Title: Non-traditional use of home inspection?
Post by: AtlantaBob on July 16, 2016, 11:58:07 AM

Hello,

I'm hoping if you can tell me if this is a good idea -- or a crazy one.

My parents have an old 1960's ranch which has a lot of deferred maintenance (needs new roof, new furnace, new windows, entirely new kitchen, etc.) More importantly, it may have some more fundamental issues (i.e., old fuse-based wiring systems, potential water damage to the foundation/basement).

Does it make sense to pay for a home inspector to come and inspect the property for any significant issues before putting ~ $75,000 into renovations? Or does anyone have a better idea?

Thanks,

Title: Re: Non-traditional use of home inspection?
Post by: pbkmaine on July 16, 2016, 11:58:52 AM

It's a very good idea.

Title: Re: Non-traditional use of home inspection?
Post by: Roadsidetreasurehunter on July 16, 2016, 12:14:02 PM

Yes, I agree it makes sense.  The home inspector will be able to provide a detailed list of repairs or upgrades that are needed.   I like this idea.

Title: Re: Non-traditional use of home inspection?
Post by: AtlantaBob on July 16, 2016, 12:24:30 PM

Thank you both for your feedback!

I've got some friends who recently bought houses who I can check with to see if they have any recommendations for an inspector, but if anyone on the board has a recommendation for the Atlanta, GA, area, I would really appreciate it!

Title: Re: Non-traditional use of home inspection?
Post by: cchrissyy on July 16, 2016, 01:21:59 PM

That sounds like a very smart move

Title: Re: Non-traditional use of home inspection?
Post by: Joggernot on July 16, 2016, 03:13:06 PM

Quote from: AtlantaBob on July 16, 2016, 11:58:07 AM

Does it make sense to pay for a home inspector to come and inspect the property for any significant issues before putting ~ $75,000 into renovations? Or does anyone have a better idea?

Thanks,

We did exactly that.  Found some other things that could be combined with other planned work, so it helped us.  We only did $25,000 in renovations and new projects.