Be very careful of homes where deferred maintenance is clearly evident; if a home has been poorly maintained and there are obvious problems, proceed with extreme caution, this could be your worst nightmare where you wake up in the middle of the night screaming (the home of your dreams has become the home of your screams). If there are obvious problems, imagine what you can’t see; it’s your money pit, keep your check book handy. A handyman’s special is best acquired by a handy man.
Be careful of homes where there is obvious plumbing and electrical work, as well as structural additions and renovations, that were not professionally installed and were most likely installed by the home owner; correcting these defects can cost thousands of dollars. This is a situation where the seller of the home is a weekend warrior who is well intentioned but has no clue regarding proper construction and trade practices; don’t end up writing checks for work that the seller did not want to pay for.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125