Buying renovated homes can be an exciting experience. Knowing that all of the renovations have been completed and all you need to do is move-in is always an attractive benefit when considering a home to purchase. However, over the years flipped and renovated homes have become common especially among young adults. It is no doubt that it is one of the fastest ways to make money, but most cut corners in order to do so.
People are buying properties with the aim of selling it or flipping it soon. However, there are common problems associated with this kind of practice and many times it is easily overlooked by buyers. These business practices can cause you to have significant hidden problems than can cost a lot of money to repair the house.
The best thing to do is to seek the services of a property inspector to have your prospective property inspected before committing to buy it. Here are the most common problems to consider when buying renovated homes:
Molds are caused by dampness and wetness on the walls and floors of a house. It may be caused by leakages due to poor plumbing or by harsh weather. A firm house built up to the standard should not be affected by the weather. You can detect molds by physically inspecting the edges of the walls and the overall smell in the vacant house. Mold in a house is dangerous and can easily cause respiratory diseases and allergies. According to WHO, 70% of chest problems are caused by mold. Since people spend more hours indoors, mold contamination indoors creates a concerning scenario of health risks to every member of the family.
A firm foundation makes a strong house. When you are involved in buying renovated homes from a flipping property method, make sure you are aware of the foundation that was used to construct the house. Many people experience a problem in the future with their houses due to weak foundations.
Doing a fresh foundation is close to impossible; it is like building a new house which is very costly. Many sellers in flipping properties business are never concerned with the overall condition of the house because their interest lies in selling the house and move on.
Therefore, you as a buyer should take measures by hiring a property inspector to inspect the house for you before buying it.
A well-built house should have a good plumbing system. Plumbing problems are difficult to detect is by a normal person because of hidden pipes in the house. You should need to hire a skilled plumbing inspector to check it for you.
Some houses are constructed using wrong materials and piping systems which cause leakages later. Leakages can cause you the whole house if not done well. Doing repair later can make your house weak and prone to collapse. Inspecting the plumbing system should be done carefully and ensure the house is safe and by a skilled inspector.
Property inspectors are claiming that they are seeing many cases of the above three problems in modern buildings involved in a property flipping business that is risky to the buyer. The availability of alternative building materials is one of the causes of the poorhouse building. The rise in property demands is also making contractors build houses in a sub-standard way to meet the demand. Concerns with the condition of the property you are buying renovated homes or building new, wisdom and concern need to be used.