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Updated about 10 years ago on . Most recent reply

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39
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9
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Blake Williams
  • Investor
  • Southbury, CT
9
Votes |
39
Posts

What to keep in mind when seeing a property for the first time?

Blake Williams
  • Investor
  • Southbury, CT
Posted

Hey everyone!  I'm very excited to say that next week Monday I will be going to see a property I'm considering for purchase for the first time!  

This is my first time going to see a house at all as I am a beginner, so I was wondering if there was anything people more experienced than myself might suggest I keep in mind when I go? 

Any good signs or even red flags that I might not be thinking of?  As always, any reply is greatly appreciated. 

Most Popular Reply

User Stats

354
Posts
167
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Dan Perrott
  • Rental Property Investor
  • Indianapolis, IN
167
Votes |
354
Posts
Dan Perrott
  • Rental Property Investor
  • Indianapolis, IN
Replied

First - welcome to BP!

My number one piece of device is to not fall in love with the property but fall in love with the deal.  In other words, just don't buy the property because you like it - make sure that the numbers work as well.

Keep in mind anything can be repaired but there is a cost to everything.  Look for the big items - like structural issues - cracks in the walls, sagging ceilings, uneven floors, etc.  Major systems can lead to high cost as well - electric service, water, furnace, etc.   These are usually your big ticket items.

Good luck and keep us updated to what you find.

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