Mastering the Walkthrough: Conduct a Property Inspection Like a Pro!

[Roland S.]

When it comes to real estate investing, skipping a thorough property inspection can cost you thousands—or worse, sink your entire deal. Whether you’re flipping, renting, or lending, knowing exactly what you’re getting into is non-negotiable. A smart inspection process protects your investment and gives you the leverage you need during negotiations. Here’s a step-by-step guide to conducting a professional-level property inspection:

1. Start with the Big Picture 🏡🔍

Before diving into details, walk the entire property. Look for visible signs of trouble: cracks in the foundation, sagging roofs, uneven floors, or water pooling around the exterior. These issues can hint at larger (and more expensive) underlying problems.

Tip: According to the American Society of Home Inspectors (ASHI), foundation issues can cost between $5,000 to $20,000 to fix—spotting early is critical.

2. Check Major Systems First ⚡🔥💧

Focus on the systems that cost the most to repair or replace:

• Roof 🏠 – Look for missing shingles, soft spots, and leaks.
• HVAC ❄️🔥 – Test the air conditioning and heating systems.
• Plumbing 🚰 – Check water pressure, look under sinks for leaks, and test all toilets and drains.
• Electrical 💡 – Ensure outlets, switches, and circuit breakers are functional and properly labeled.

Pro Tip: A full HVAC replacement can run $7,000–$12,000 — always confirm the system’s age and maintenance history.

3. Investigate Interior and Exterior Details 🛠️🚪

Inside the property:

• Open every door and window 🚪🪟
• Inspect walls for cracks or signs of water damage 🧱💧
• Look at flooring for warping or excessive wear 🪵

Outside the property:

• Examine siding, grading, and drainage 🏡🌧️
• Inspect the driveway and sidewalks for major cracks 🛣️🚶‍♂️

Fun Fact: Water intrusion is one of the top reasons properties deteriorate over time. Good grading can prevent 90% of moisture issues.

4. Look Beyond Cosmetic Fixes 🎨👀

Fresh paint and new flooring are nice, but they could also be covering bigger problems. Always inspect areas like the attic, basement, and crawl space if available—they often tell the real story.

5. Bring in the Experts 🧑‍🔧📝

If you suspect serious issues, don’t guess—hire a professional inspector, structural engineer, or specialized contractor. Spending a few hundred dollars now can save you tens of thousands later.

Final Thought:

A detailed property inspection isn’t just a box to check—it’s a vital investment step. Be thorough, document everything with photos and notes, and always have a clear estimate of potential repair costs before you finalize any deal.

Longhorn Funding is a lender who specializes in funding smart, well-researched real estate investments. Want to learn more about protecting your next deal? Contact us today for your hard money loan!