1432 - Avoid Costly Repairs: Don’t Ignore the Red Flags in a Property Inspection by Eric Fernwood
You’ve found what appears to be a great property, and you just received the inspection report. It listed many defects, most of which are typical, and the cost to correct them is well-defined. However, a few items are disconcerting because the report listed symptoms rather than specific defects, such as mold, Kitec plumbing, China drywall, aluminum wiring, roof leaks, settlement, etc.
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Show Notes
You’ve found what appears to be a great property, and you just received the inspection report. It listed many defects, most of which are typical, and the cost to correct them is well-defined. However, a few items are disconcerting because the report listed symptoms rather than specific defects, such as mold, Kitec plumbing, China drywall, aluminum wiring, roof leaks, settlement, etc.
These ill-defined problems are red flags because remediating them is not “fixed.” For example, suppose mold was detected. What would it cost to correct the mold?
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