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7 things to do before buying a flipped house

by:KingKonree     2020-05-03
House flipping has earned notoriety from TV shows such as HGTV\'s flop or flop and A & E\'s Flop Vegas, \"but it\'s likely that people who flip your potential family in the future will not have TV staff to record the job.
Horror stories of house flipping that hide major issues abound until new owners are revealed months after they move in.
Property investor Stewart McCullum has renovated properties in the Seattle area for rent and sale.
He says it can be tricky to discern good or bad from bad flipped houses, because flipped contracts are largely unregulated, making it difficult to judge who has enough skills and experience.
\"There is so much gray in the contracted world, that\'s why things go wrong,\" he said . \".
When considering a flipped house, it is better to travel with a skeptical eye.
Don\'t pay too much attention to your favorite details in the updated kitchen and bathroom, follow these steps to capture any glitches that may lurk under the surface at home.
Check all appliances and faucets.
Most of the work of flipping the home is usually in the kitchen and bathroom, and the water that opens these rooms can quickly show any plumbing problems.
Reuben Salzman
The owner and president of the Minni aporith structural technology home inspection has seen many houses have pipe problems due to poor workmanship of connecting water pipes.
\"Once I found out there was a shower where they provided hot water to both hot and cold.
All you can get is the hot water from the shower, \"says Salzburg.
If there is a problem with the water pressure, or in some cases, if the hardware is not connected to the water source at all, turning on the faucet will also signal.
Look under the cabinet.
The flippers of the house usually focus on the appearance of the house rather than the function.
Check the cabinets under the sink and other areas you can easily open to see belowthe-surface work.
Jim Davis, owner of the Houston house inspection service, suggested, look under the kitchen sink, especially for garbage disposal.
If you see that the drain line, the disposal line and the wire have been painted, this is a sign of flipper or the contractor covering up outdated disposal, a device he says is often overlooked during the flipping process.
Pay attention to skirting and paint.
Nathan Brooks, a real estate investor and owner of Kansas City Bridge Management LLC, said when it comes to basic beauty work, trust your intuition.
If the skirting or paint line doesn\'t look flat, it could be a sign of a fin-like limb taking a shortcut throughout the house.
\"People may not know how you cut it [baseboards]
\"But they know if it looks right,\" Brooks said . \" He advises you to see how the floor, skirting and walls meet to check the straight line.
Let me see the attic.
Unfinished lofts are usually not places that people see on a family tour, but a quick stop can find out what is lurking behind the new drywall in each room.
According to Saltzman, according to his experience, the attic of the flipped home is not maintained as necessary, and you will find major safety hazards such as poor insulation, leaking roof, and even wire defects.
\"Many times [flippers]
\"They throw whatever they want, no one touches the attic, because buyers can\'t see that,\" he said . \".
Walk to the water heater.
If it looks old, it may be old.
The water heater is a big cost of repairing the house, Brooks said, it is not difficult to judge when it has not been updated ---
Most people have a label that indicates the date of manufacture of the appliance.
If the date of the past decade is shown on the label, you should be safe, but if you are older, you may soon buy a new water heater, the cost is between $600 and $2,000.
\"If it was a few years ago, it wouldn\'t be a big deal.
But it looks bad if it\'s rusted and it\'s [from]
\"2002, then you will want to calculate that there is a new water heater in your contract,\" Brooks said . \".
The appearance of pipes around the water heater and other visible pipes in the home can also indicate whether pipe work has been completed recently.
If the pipe part is made of a different material, it may mean that only part of the pipe is fixed.
Rust is another obvious sign that old pipes need attention.
For the house he intends to rent or sell, Brooks said, he asked his contractor to use a list to ensure that the pipeline was in line with expectations and to reduce the likelihood of future problems.
If you are a buyer who is traveling home, he suggests that you check the mental list and ask yourself, \"Is there a lot of different things ? \"?
A bunch of different materials?
Or just look new in appearance?
\"Check the license where applicable.
Before purchasing a flipped home, look for information from the city about any licenses that the seller has taken out or extracted during the possession.
In a city where permits are needed, the lack of permits should be a major red flag, says Salzburg.
\"Make sure the license is checked and approved, not just withdrawn,\" he added . \".
This will tell you if a third party confirms that the work is doing right.
Unfortunately, licenses are not required in every city.
Davis said that there are many unincorporated divisions around Houston, but because they do not fall under the same regulations as city-wide properties, they do not need a permit for any work done to the family.
When you are unable to obtain a permit, McAllen recommends asking the seller about the renovations to find out how much improvement the home may have been completed or may not have been completed. \"There\'s [flippers]
The pig had only lipstick on it and they just made paint, carpet there and they were turning it.
But what did they do inside the wall?
What is their scope of work? \" he says.
\"In this way, the inspector will have a better understanding of what to get into and find.
That means you should do that. . .
An inspector, please.
One of the biggest mistakes buyers can make when buying a recently flipped house is to skip the inspection process.
But it can be too tempting when everything you see is new.
Davis and Salzburg insist that buyers hire professionals to check their homes before they close.
In this way, it will not be too late to cancel the purchase if the inspector finds a leak or a major issue.
Also, to ensure that there is no bias against the seller, make sure that the inspector is the one you hire and review.
Thorough inspections may be much cheaper than finding yourself underwater ---
Both literally and figuratively-
When you buy a recovery home from an investor.
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