I am new to rehabbing, and in the process of closing my first purchase in Scottdale, GA. It's a For-Sale-By-Owner, As-Is purchase for a 2 BR, 1 Bath constructed in 1930. While I was able to purchase at a reasonable price, I want to be sure I am not blindsided by major issues which could kill the margin. I have 2 weeks for completing inspection, and would appreciate guidance on areas to watch out for.
I already noticed that the floor is creaking in a couple of rooms, there is no insulation, and there might be lead paint. Besides calling a general inspector to check for obvious issues, and a general contractor for estimating rehab costs, is there anything else I can do to reduce exposure?
You will learn a lot with a 1930's house . The building codes were a bit more lax over 80 years ago . I have a 1940's , nothing level, nothing square , it was a well lets say "interesting" remodel .
@Matthew Paul : that does not sound encouraging! ;) Guess I will have my hands full...
Has anything been updated? It may need all new wiring and plumbing.
Originally posted by @Suvir B. :
@Matthew Paul: that does not sound encouraging! ;) Guess I will have my hands full...
Its all fun , older houses present challenges , but nothing that cant be overcome .
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
You must be a BiggerPockets member to post on the forums
Join the world's largest, most open Real Estate Investing Community online, 100% free forever!