Is This Real Property Investment Worth It?

real property experts

So, you’re determined that you’re going to invest in real estate and have identified several Tri-Cities Washington real estate as the place to start. But do you know what to look for when you visit a property? The real estate experts at Retter & Company Sotheby’s International Realty present four things you’ll need to check when you do.

Structural soundness

You can tell that a building is structurally sound just by looking at it. However, it’s still okay to have a surveyor do it for you. Some giveaways include cracks in the walls and floors. You should also have them check the foundation, the roofs, and the electrical system.

Dampness

The moment you enter a house, take notice of the smell. If there’s a moldy smell, then the house has a dampness problem. Check the plaster too if it is flaky, and this could be a sign of dampness. Are there watermarks on the wall and the ceiling? If the walls have been repainted, then you may want to investigate whether the painting covered any damp.

Size of the rooms

In pictures, the rooms might appear bigger than they are. While viewing the house, confirm whether the rooms are big enough for your needs or those of your potential tenants. Even when you have the floor plan, it’s best to see the rooms so you could estimate whether they will suit your needs.

The plumbing

You want to be sure that the home’s plumbing is in good condition. Run every tap in the house to make sure that the plumbing is working well. Check whether the radiator and boiler are working too.

This list is a good place to start when you want to check a house to make sure that your investment is worth it.