How to Inspect Property Before Buying

• The Roof

  Always have a professional roofing company to inspect the roof to determine the condition and the estimated life remaining before it will need replacement. This is a large expense and one you should be prepared and budget for. A leaky roof is a major problem itself but also can lead to additional problems down the road. Water can do a great deal of damage to the structure of a building and require major repairs or replacement. The time of year when you purchase a property may make it difficult to look for leaks. Hire a professional to inspect the roof.

• Chimneys

  Often people forget to have the chimney of the fireplace checked. Buildup of creosote or cracks in the firebox are fire dangers. This can also be an unexpected expense.

• Pool

  If the property has a pool, have the pool as well as any associated equipment checked and inspected. You need to be certain everything is up to code, as a pool can be a large expense and there are many local and state ordinances that go with having a pool. If the pool is used in a multiple unit setting be certain that all your proper signs are posted along with any required safety equipment.

• Survey

  Some people have a professional survey performed on the potential property. This way, you know your exact property lines and what is expected of you as the landlord within those boundaries.

• Engineer's Report

  There are times that a prospective owner should get a soil engineer's report, especially with a property located on the side of a hill. This is quite common in California, as well as in other places. An engineer has access to reports that display flood plains, sinkholes, and other geological hazards.

Having all these reports done is not only costly but also takes up a great deal of time. This is for your protection and the longterm maintenance of your investment. Take the time to do the inspections you need to feel comfortable about purchasing the property.