Orange County Real Estate Investors say, if you have ever purchased a distressed property, you are aware of the obvious signals of high priced repairs.
Looks Can Be Deceiving – Orange County Real Estate Investors
Orange County Real Estate Investors say, there is likely you are going to walk into a house that doesn’t seem all that bad.
Even houses that may seem perfect, can be quite deceiving.
Although, you want to make sure you know what problem areas to look into.
Make sure to research property issues.
Having Electrical Problems
Orange County Real Estate Investors say, be certain to check the grounded electrical sockets.
Sometimes homeowners and landlords replace old outlets with all the new electrical retailers with three prongs.
This means that you simply have old aluminum or even bad knob and tube wiring.
Re-wiring an full house can cost more than $10,000.
Make sure that to utilize an electrical specialist to check for grounding.
It should be removed when the power is off.
Once you cut the power to the hole house, pull the outlet out from the wall and look for any issues.
Mold And Rot Problems
Orange County Real Estate Investors say, look for any areas with fresh paint.
Fresh paint can is an indication for a cover up, especially when you’re looking at distressed properties.
The previous owners should of payed a professional to handle the issue.
If the ceiling has a fresh paint look, it would be smart to check the attic, this could mean there’s a water leaks.
Start looking for caulking in and around the bathroom.
If there’s a great deal of caulking, sometimes this means there’s been repeated attempts at stopping water leaks.
Dry caulking, cracked and peeling indicates a lengthy term of the leak.
There could be rotted wood in the walls or floor.
Check around the bathtub for water damage.
If able to get underneath the house, assess the joists for any rotting wood.
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