Hey everyone! I'm thinking about buying a fixer upper in Chicago, and while I'm okay with tackling HVAC, plumbing, electrical, and some cosmetic updates, I'm worried about hidden expenses like water damage that might not be obvious at first glance. What should I be cautious of, and what expenses might slip through the cracks during the inspection?
3 Answers
Make sure you hire an independent inspector, preferably not one recommended by the realtors. Those inspectors might downplay issues to keep the sale on track. My friend had a bad experience where the inspector missed serious foundation damage because he was too cozy with the realtor. The house was a nightmare with cracks everywhere, and it's a lesson I won't forget. So trust your gut and get a second opinion if anything seems off!
Definitely get a thorough inspection first! But don't stop there—have someone knowledgeable walk through the house with you to catch what standard inspectors might miss. A sewer scope is also key, and if the inspector has thermal imaging, that's a bonus for spotting hidden water damage or poor insulation. Just remember, an inspection isn't a warranty; water damage can be cleverly disguised with paint and caulk!
Investing in a solid inspector is crucial—they should check the attic, crawl space, and even do pest inspections. Sometimes pest control companies can help with water damage assessments as well. And if you’re looking at older homes, set aside a budget for eventual repairs because something’s bound to break soon after you buy it. Always go in prepared!