Increasingly, buyers in Seattle are turning to fixer-upper properties—whether to renovate and flip for profit or to create a personalized home. While these properties can offer excellent investment potential, they also come with unique risks that buyers need to be aware of.
There are many factors to consider before committing to a fixer-upper, from hidden repair costs to structural issues. To help you navigate this process, here are four major things every buyer should watch out for when purchasing a fixer-upper in Seattle.
Structural Issues
One of the most critical aspects to check in a fixer-upper is the foundation. Look for cracks in the walls, uneven floors, or slants around doorframes and windows, as these can indicate settling or structural problems. A compromised foundation can cause the property to deteriorate rapidly, leading to a chain reaction of costly repairs.
Issues stemming from a faulty foundation can include cracked walls, roof damage, plumbing failures, and electrical problems, among others. To avoid a potentially overwhelming repair bill, it’s essential to hire a professional inspector to thoroughly assess the foundation before purchasing a fixer-upper in Seattle.
Water Stains
Look Out The Window
Signs of General Neglect
A seller will make sure the house shows no signs of bugs before you show up, even if there is a problem, it is likely to not be disclosed. There could be bad plumbing, or things fixed haphazardly to save money. Make sure you make sure any remodels, improvements or structural changes were done properly and are up to code.