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You’ve finally done it! You have a house under contract and you’re doing the paperwork to get your mortgage lined up. When your Realtor calls to ask you who you want to use for your home inspection, you freeze. Your brain has to go back and repeat that part. You get to pick your own home inspector? How do you even go about doing that?
Now that you’ve bought a home of your own, you might be thinking that you’re kind of good at handywork and you want to give flipping a go. It’s certainly one way to make money in today’s somewhat volatile market, provided you know what to look for in an optimally flippable property. Of course, the house that flips best in downtown Newark probably won’t be the same one that flips amazingly in Dallas, but there are some general things you can look for in a fantastically flippable house.
Unless you live in a cave, you’ve probably got some wooden bits on or around your house. In fact, the whole frame of your house is probably made of wood. It’s a great choice for framing, but it comes with one very specific weakness: bugs! Not just any bugs, but the kind that like to chew right on through studs and drill holes in eaves.
You should never judge a book by its cover, or a house by what you can see during a showing. Not only are showings about seeing yourself in a space, rather than assessing a home’s structural stability and system functionality, they’re generally too brief to really get to the nitty gritty. No Realtor is going to wait around while you crawl through the attic.