If you are an investor who fixes up properties to sell them, should you hire an inspector before you list a home for sale? This guide explains.
Should You Hire an Inspector if You’re Selling a Fixed-Up Property?
As an investor, you know how important it is to ensure that a property meets your needs before you purchase. It’s the same with standard real estate buyers; they need to make sure there’s nothing majorly wrong with a home before they pull the trigger on a purchase.
Related: 3 huge mistakes many new REIs make
Usually, buyers will send a home inspector to check out a property after they’ve made an offer. The inspector goes through the home looking for issues and documents everything they find.
Generally, it’s unnecessary for the real estate investor to hire a home inspector before listing a home for sale. That’s because as an investor, you’ve likely been there every step of the way as work was being performed. You may have even performed a good amount of the work yourself. If you’re sure that everything is aboveboard and all systems are working properly, you don’t need to hire a home inspector to tell you everything is in top shape.
As a side note, though, if you know something is wrong with one or more of the home’s systems or any other component of the home, you should hire a professional to check things out (and make the necessary corrections) for you.
Related: 3 easy ways to spot a distressed property
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