Have you just bought your first property? Or maybe you’re about to begin your own house flipping business? Well, there’s a very good chance that you’re going to start with a ‘fixer upper’ in either of these scenarios. You offset the price discount of the property with the amount of work it needs, and you can even get specialized mortgages to help with the repair work – what could be better for your budget?
However, it’s important to note that fixer upper properties often need more work than you realize. All sorts of damage can be found within these structures and knowing what you’re looking at is crucial. This post is here to help you identify some of these issues:
Problems with the Wiring:
Wiring problems are very common in fixer uppers. Wires may be chewed through and potentially even sparking without your knowledge. If you can smell a musty and/or ‘fishy’ smell within the property, it could be a sign. You’re going to need to rip them out to be sure it’s safe, so your best bet is to simply replace as much of the electricals as you can.
Signs of Water Damage:
Because the house has likely sat for a long time completely unprotected, water is sure to have made its way in, whether from a burst pipe nearby or the weather. The signs of water damage could be extensive, and you may have to call in a professional Water Damage Restoration team to take care of the problem for you. Signs of water damage tend to include dark spots, flaking or bubbling paint/wallpaper, and random puddles throughout the property.
Holes in the Roof:
Roofing on a fixer upper is usually touch and go. As such, you should think about getting a proper, stabilized ladder out and checking what’s going on up there. Similarly, if there’s an attic space within the house, be sure to investigate it as well. If you can see right through to the outside, there’s clearly an issue! You may also feel very cold when you’re in the house, hear tiles slipping during your renovation efforts, and even notice leaks coming from the upstairs ceiling.
Finally, the amount of burst and broken pipes to be found in a fixer upper can be shocking! Make sure you go around each room, specifically the kitchen and bathroom(s) and pay special attention to how the pipes are laid out. If they’re just rusting, you can save the pipe itself just fine. However, you may have to pull out cupboards, sinks, and the toilet to be double sure about the state of the plumbing in total.
If you own a fixer upper, be prepared for a lot of work in your future to get your house to livable standards!
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