Here’s what you need to look for in a flipped home.
A flipped home refers to a home that someone purchased, renovated, and then put back on the market. Generally, these homes feature upgrades and improvements to the original structure. However, flipped homes are not without their problem areas. If you are looking at a flipped home, here are some things you should look out for to help you avoid buying a dud.
Look Past the Upgrades
While attractive touches such as crown moulding or new appliances are nice, it’s important to look past these features to determine the quality of the overall renovation. For instance, check details like how snug light switch plates are to the wall or how easily cabinets and drawers open and close. If you find that these details are sloppily done, this is a good indication that the renovation was rushed or done haphazardly.
Get an Inspection
While a seller might insist that a flipped home is newly renovated and problem-free, you shouldn’t take their word for it. Instead, get your own inspection done by a professional. Make sure you are especially careful to look into things like the electrical panel, water heater, and plumbing lines. If your inspector finds issues, then you know that there are likely other major issues with the home.
Do Your Research
Before you go all in on a home, make sure you review the real estate disclosure statements carefully. A real estate disclosure statement is a legal requirement for a seller to list information that might negatively affect a home’s value. This statement might include things like a pest infestation, environmental hazards, along with other issues. You should make sure to never close on a home until you have confirmed that all building permits and disclosures have been cleared.
These are some of the things you need to do when looking at a flipped home. Are you looking to buy a home in the Hermosa Beach area? Then make sure you are getting the dedicated service and top-tier escrow services that you deserve. Contact the professionals at Brighton Escrow for a hassle-free home selling or buying process.
