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Updated over 17 years ago,

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68
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1
Votes

Pre-purchase checklist/plan?

Posted

Does anyone have a pre-purchase checklist, or plan that they use prior to purchasing a new property?

I was thinking of writing down a guideline with a series of checklists to have to help make the decision to purchase or not, what to do after the purchase, plans for marketing for rental or sale, etc...

Here is my brief list:
Pre purchase
-Finding a property
-Evaluating repairs
-Evaluating market value
-Evaluating prospective profit
-Evaluate best way to finance

Post purchase
-Immediate repairs (needed for habitation)
-Long term repairs/upgrades

What else???