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The permits
"If any structural changes were made, be sure they were properly permitted and that all the necessary inspections were done," notes Litzner.
The quality of renovation
Make sure to get a proper inspection on the property, and have a builder pay special attention to the home's structure or any recent changes. "While many home flippers are extremely talented renovators, some cut corners and take shortcuts to flip the home faster," cautions Litzner. Make sure everything is sound so you don't stumble upon a problem post-sale. "If you can't have an inspection until you've made an offer, make sure to include a contingency clause enabling you to walk away if the inspection shows a critical issue," says Litzner.
Plumbing, heating and AC
Since many flippers do not live in the homes while working on them, their systems may not have been used, and issues may go unnoticed or unnamed. Does the AC work? How about the plumbing? Any leaks? Be sure to check thoroughly.
For more information on obtaining a mortgage, please contact Century 21 American Homes at 1-800-270-6318, or Century 21 American Homes.
Century 21 American Homes is one of the fastest growing real estate brokerages serving Long Island, Queens and Brooklyn. To find out more about an exciting career in real estate contact us at careers@c21amhomes.com.
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