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Real Estate
Reply to "Warning signs in a flipped house"
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[quote=Anonymous]Most flips are crap. By definition the less you spend on the "renovation" the more profit. That said, a few signs I notice: - Outside - landscaping that is done to maximize curb appeal but uses the wrong plants in the wrong locations. - I inspect drywall work up close. Missing a layer of mud and poor sanding are usually signs the drywall was rushed. - Mechanicals - hot water heater is one of the cheaper ways to cheap out. As a homeowner I would rather spend a little more $ on something efficient. - Builder grade bathroom exhaust fans. I would also pull a full permit and inspection history. Fortunately, most of the local jurisdictions do a pretty good job not passing a home unless all of the work was to code, which usually hits the biggest major points (structural, electrical, plumbing, and insulation.) I reputable home inspector should be able to point out the more cosmetic and mechanical shortcomings.[/quote]
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