Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

24
Posts
10
Votes
Crystal Em
  • Houston, TX
10
Votes |
24
Posts

Might seem like a no-brainer, but always verify house size!

Crystal Em
  • Houston, TX
Posted

Hey guys, I just wanted to remind everyone to make sure to independently confirm the square footage of any potential property against county or municipal records. Don't rely on the seller or what's in the listing.

Yes, it seems like a no-brainer, but when you are new to investing and trying hard to snag your first "deal", things can fall through the cracks.

We nearly purchased a property that was listed "per seller" as being 2570 sq ft. We could see on the walkthrough that it needed a LOT of work. Everything from the roof to the foundation would need to be touched.

But with the potential price/sq ft possible in that neighborhood, we could still make some good money even with all the repairs it needed.

It was pure, dumb coincidence that the house happened to be only 100 sq ft smaller than our own home, and had the same number of beds and baths.

We have a den (about 100 sq ft in size), and the property didn't, so I was able to make a mental 1:1 comparison between the other rooms in our home and those of the property and realized that every bathroom, hallway, closet, etc in the property was markedly smaller.

It was then I got the bright idea to actually confirm the size of the property on our county appraisal district website and saw that the county had the property at only 2065 sq ft!

If not for the fact that we happened to live in a house of nearly the same size, I don't know that I would have even thought to confirm the size. We were ready to go forward with a project that we would never have made money on without that "extra" 500 sq ft. We might have lost thousands, all because of a lack of basic due diligence!

Loading replies...