Are You Worried about buying a Money Pit?

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April 24 2012 - Las Vegas
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Answers (4)

Dan,

Thanks for your reply and your support.
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April 24 2012
Profile picture for the_country_hick
It may look like you are being picked on here. The truth is most of us who were once new to zillow got caught up in violating the GNP one way or another. It is a learning curve. As most who post here for the first few times make the same mistake it is not a real issue. You now are aware and can add to the site from now on. Welcome aboard and we look forward to more contributions from you.

Here is a simple question. How do I know that a home inspector is up to snuff instead or someone who will miss most problems? What should be looked for besides looking at their sample reports?

 How do I know who is among the best in an area? How do I find out that someone truly is among the best besides word of mouth? What resources does a buyer need to use to find the best of the best?

If you looked at the link in my post below what did you think of it?
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April 24 2012

Hi Everyone at Zillowland, I am brand new to Zillow but you all probably guessed that.  I apologize about the self promotion. I am becoming aware of the good neighbor policy. Will be more respectful in the future.

With respect to what to look out for when buying properties, most people can use common sense. The details are in your eyes. Look at the condition of the property, you can see if its been properly maintained.  Don't let old confuse the eye for abuse.

Every buyer is different and has different needs. If you are buying a property for rental income, obviously your agenda is different from someone who intends to occupy. But, to be safe, Inspectors are trained to look beneath the obvious and to give you and overall assessment of the conditions. Roughly 3200 items from foundations to roofs.

Remember, many Inspectors right now are hurting for work. Most believe that the cheapest on the street gains the most business. But for everything there is a cost. In other words, is an Inspector who gives you the best price is he the most qualified?  Will they spend the time looking at the details and pprovide the details and photo's on the reports.  I doubt it.

The old saying about "getting what you pay for" is it.

Remember, any Inspector worth their salt is willing to provide you a sample report from a recently completed inspection. Then all you need to do as the client is use your eyes, apply some common sense and read the details.

Folks, there are a lot of good Inspectors out there. I'm proud to be one. Just remember its your money and your investment and your property. So do what you need to do and because the few dollars you spend today will save you thousands in the future.

Good Luck.

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April 24 2012
Profile picture for the_country_hick
Yes, I even wrote about several things that could turn a house into a money pit.

"What should I watch out for when choosing a home to buy so that I don't jump into a money pit?"

Just being energy inefficient can make a house a money pit. So can the cost of driving to work each day if it is to far away especially at these high gas prices.
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April 24 2012
 
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