Renovation Red Flags Revealed
Distinguishing between a solid renovation and a subpar one is no simple task. Your real estate agent and home inspector play pivotal roles in uncovering issues within critical systems like electrical and roofing. However, the final call on the success of the remodel lies solely with you, and it is a decision-making process that comes with its own set of challenges.
Today, I want to provide you with a list of items to look out for when buying a remodel. Often, buyers can run into sellers who think of themselves as handy or want to use an unlicensed contractor to help save a couple of dollars. Do not fall for these and end up with a poorly remodeled home you will be stuck with. These points are beneficial to home sellers as well. If you want top dollar for your remodeled home, do not expect to get away with cutting corners to save a few extra dollars.
Here are five things to be cautious of:
- Quality of Renovations:
· Buyers should thoroughly assess the quality of the renovations. Too often, buyers are awed by the fresh coat of paint and floor rather than the functionality or everyday use of the home. Look for signs of rushed work, poor craftsmanship, or the use of subpar materials.
- Hidden Structural Problems:
· Even with a fresh coat of paint and new fixtures, there may be hidden structural problems. As I have iterated before, it is vital to have a detailed home inspection to uncover any issues behind the walls or beneath the floorboards. Check for signs of water damage, mold, or structural compromises.
- Permit Compliance:
· Ensure that all renovations are carried out with the necessary permits. Un-permitted work can lead to legal and safety issues. Request documentation from the seller, and if any doubt arises, consult with local building authorities to confirm the compliance of the renovations.
- Outdated Systems:
· Some remodels may focus on visible improvements while neglecting essential systems like plumbing, electrical, or HVAC. Verify the age and condition of these systems to see if they need replacement. These items are the costliest, so you want to avoid these replacement expenses if possible.
- Neighborhood Consistency:
· A home that stands out significantly from neighboring properties in terms of size, style, or features might have undergone a remodel that does not align with the neighborhood's character. There tends to be a reason the other homeowners did not choose to remodel their homes this way. This can impact resale value and overall satisfaction with the property.
Ultimately, our jobs as agents are to ensure that the buyer is as happy as possible with their purchase and never regrets any of their decisions, especially on a purchase this expensive. Never hesitate to reach out if yo
u would like a professional’s opinion or tips on your next home purchase.
Kyle Camerlinck – Taiter Realty – 561-371-5143 – kyle@taiter.com
