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Updated about 3 years ago on . Most recent reply

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Todd Lastname
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Purchasing an abandoned house

Todd Lastname
Posted

I found a property that I like (purchased to rent or possibly live in). It is being foreclosed on and will be auctioned at the local courthouse. I purchased a title report and have been combing through the county records when I found the owner died two years ago and stopped making payments. There is one mortgage. No liens. No judgements. Taxes have been paid through 2020. 

I haven't been able to see inside to evaluate the conditions. It was last sold about 8 years ago and looked nice. I am trying to determine what kind of surprises there might be to evaluate what my max bid will be. Assuming all the utilities have been turned off for a while I assume the insides are full of spiders, mold, and other issues. The outside looks decent from a visual inspection. 

What would you plan on replacing/repairing when considering an abandoned home like this? Is there anything else I might not be thinking about? 

If you have any experience with fixing up a house that hasn't been occupied please share your experience.

Cheers!

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I feel I can learn a few things by standing on the sidewalk and looking at the home.

Roof- I can generally get a feel for the quality of the roof.  Look at the type of shingle is it an architectural or 3 tab.  3 tabs are usually older, if it is a 3 tab are the corners starting curl.  I like to look at the ridge line, is there any sagging.  If so there could be some structural issues.

I always keep my eye out for window AC units- then their either isn't central air or it isn't performing well.  Depending on the age of the house its possible that there is an old boiler and radiators and no duct work.  Getting well sized duct work to a second floor can be a real challenge and expense. Window units in conjunction with a condensing unit then I assume there is a ducted furnace that isn't working.   A visible condensing unit can be an indicator of how old the furnace is.

My real fear with something that I'm not able to get into is the foundation.  A bad foundation creates so many issue.

Just some of the things I like to pay special attention to 

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