What To Look For Before Purchasing A House That Has Been Flipped

When purchasing a home many buyers are attracted to recently flipped houses because of their picture-perfect updates. But there are definitely some things you need to pay close attention to when looking at a flipped house. Here’s what to look out for to make sure your newly purchased home doesn’t flip into a nightmare.

Hire An Inspector

You should really hire an inspector anytime you are considering purchasing a home, whether it is a flipped home or not. Make sure the inspector is one that you are choosing and not one that is connected with the seller. Also make sure the inspector you hire is licensed, certified, and insured.

Check Appliances And Faucets

Most sellers flipping a house will pay a good amount of attention to the kitchen and bathroom because they know updating these areas will pay off with the largest returns. But just because they have updated the kitchen and bathroom doesn’t mean they did a thorough job on the update. When looking at a brand-new kitchen or bathroom in a house being flipped you should check the plumbing and water source by turning on all the faucets. Turning the faucets on can tell you the condition of the water pressure in the home, make sure that the water has actually been hooked up to the faucets, and that all faucets are working properly.

Pay Attention To Small Details

There are a number of small details that can be indicators of rushed or sloppy work being done including light switch covers and outlet covers that aren’t flush with the wall or aren’t straight, crown molding that isn’t completely matched at the corner, gaps between the countertops and the wall or cabinets, gaps in tile flooring and bathroom tile, uneven paint lines, and doors, cabinets, and windows that don’t open and close easily and properly.

Ask To See The Attic And Basement

An unfinished attic and basement can reveal many signs of major underlying damage that you don’t see on the surface of the house. And it is easy and common for flippers doing a poor job to skip these areas because most buyers don’t ever ask to see them. When walking through the attic check for proper insulation, roof leaks, and wiring defects. When walking through the basement look for signs of water damage, mold and mildew, and foundation issues.

Check The Water Heater, HVAC, And Garbage Disposal

While most of the appliances a homebuyer would think to check like the refrigerator, oven, stove, toilets, sinks, and bathtubs will all likely be replaced and updated in a flipped home, the water heater, HVAC, and garbage disposal will often not be touched. The water heater, HVAC, and garbage disposal are all very important appliances to your daily living that you might not think about until they aren’t working right, and they are all expensive to repair and replace.

Check For Permits And Zoning

Checking for permits and zoning on work that was done to the home can save you from a lot of problems with having to deal with legal ramifications from the city or county later on. Any permits that are pulled on a home become public record. You should also make sure that these permits were inspected and approved in addition to being pulled, which will let you know if a third party verified the job was done right. Proper zoning approval is needed in order to add an addition to your home, and if an addition was added without it then the city could legally require you to remove the addition later on.

Check The History Of The Seller And The House

Learning everything you can about the professional history of the seller and the history of the home itself will help you make an educated decision on whether or not you should trust the flip job that has been done. If the seller has flipped homes before they probably have a reputation within the community and you can ask your real estate agent about the flipper’s background. You can also look into the history of the house simply by talking to nearby neighbors. Neighbors are often a great resource for knowing who the prior owners were, how long they lived there, if there were any major problems with the home in the past, whether the neighborhood regularly floods, and how much work the flipper has been putting into the home.

If you are looking to purchase a new home contact the professionals at American Dream Home Mortgage today to review your mortgage needs and help you find the right one for you!

 

2018-12-24T11:16:57+00:00