I was under contract and ready to go turnkey but I'm getting cold feet w provider and evaluating whether it's my expectations that need tweaking etc. - perhaps @Marco Santarelli as a provider you can input- I'd appreciate it.
my understanding from BP is that a TK property is rent ready with all major systems functional. My expectation is that roof has long life remaining (i.e. 10yrs min), hvac, plumbing and electric all new or about 50% life remaining so that there will not be capex for at least 5+ years. Are my assumptions accurate?
With this understanding, my inspection revealed several deficiencies including roof replacement. Some things were trivial but the functional components of the home I wanted fixed. The TK provider now wants to change the price bc they're over their budget for repairs. I feel our contract which was for a fully performing property should not require any short term repairs and, thus, replacing the roof and fixing plumbing/electric are his responsibility and risk. I'm paying 'his' price (no negotiation allowed) so it shouldn't change bc his estimates were wrong? I want to be fair and don't want to take advantage of him but I don't think it's fair that I incur the expense of newly uncovered repairs. It sucks but paying TK price means these risks are his, otherwise I wouldve done all myself and taken the risk with potential bigger returns? Am I being realistic?
Watdoyathink?
