Did Not See That Coming...

[Chang Hee Lee]

Hey BP!

Still relatively new to the forums but already so many stories to share, like this one...

A friend of mine recently bought a single family home and, in short, was a good deal, overall. However, a large branch (really large) of a tree in the backyard snapped off due to heavy winds and fell on the neighbor's roof causing structural damage. Apparently the tree had been rotting for quite some time, even before my friend purchased the property, and therefore the stability of the tree was compromised. The situation was a mess and Mother Nature taught an important lesson: Inspect the ENTIRE property. 

According to her, the inspection report came pretty clean with little problems in regards to the property building itself. However, no one made note of the trees (in fact, the neighbors were not even aware let alone the former property owner which helped keep legal issues at bay). And yes, I did intend on the plural because there is yet another tree in the backyard that cracked due to the wind and by the grace of God held it together (however, this tree is pointed at the other neighbor's house and needs to be dealt with immediately).

Of course, this is not the most evident concern that comes to mind when investors or home buyers have so much on their minds already but seriously take a look around. Money may not grow on trees but keeping this in mind might save you hundreds down the line...

[Kenneth Garrett]

@Chang Hee Lee

Sorry to hear about your situation.  You are correct when going through your due diligence it should incorporate the property itself as well on the structures.  Be sure to look at how these items may impact you later on

1. How does the property drain, is the property at the low point where water is going to accumulate and pond.  How does the neighbors property's drainage impact yours?        

2. Is the neighbors ;property a mess (untidy).

3.  Is your parking lot dilapidated?  Adequate parking?  Parking is always at a premium.  It is one of the biggest complaints

4.  Trees, landscaping , etc.  Are these hazardous, dead what impact do they have on the property.

These items can be just as important as the buildings themselves.