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Updated almost 5 years ago on . Most recent reply
Necessary Home Inspections
I'm trying to assess a cash purchase for my first investment purchase and it's a cash deal so I'm trying to do my own due diligence. As part of that, I'm trying to figure out the best way to go about a home inspection so that there aren't some major surprise costs that will make the deal bad.
I have 2 major questions:
1. what are the necessary components of an inspection for a rental home (I want to do the stuff that will avoid big expenses down the road and will avoid law violations but nothing extra or unnecessary). This is the list I've got in mind:
- The plumbing system.
- The electrical system.
- The structural condition.
- The heating and air conditioning systems.
- The basement and foundation.
- The roof and attic.
- Evidence of water penetration or grading issues.
- Appliances and other general components of the home.
- Mold
Not sure about these
- Pests such as bugs and wildlife.
- Environmental issues such as radon, asbestos and lead paint.
2. I know that a point of sale inspection needs to be done and filed with the city. Usually that's the seller's responsibility but it doesn't seem to have been done here. Can I combine these somehow so that I'm not paying for 2 inspections? I'm looking at properties in Cleveland.
Thanks all!
Fady