La Jolla Home Inspector Offers Tips On Buying A Foreclosure- I just inspected a 6900 square foot home on a hillside overlooking the ocean in La Jolla, CA. The bank foreclosed on this home halfway through construction- it seems the builder skipped town! I was told there was $1.2 million just in concrete work already done. That's a lot of concrete! You'll see why when you watch my video. I have never seen such a massive retaining wall as the one built around this home!
If you've ever thought about buying a foreclosed home or short sale, here are some simple tips to avoid getting a raw deal. These homes may look like a great deal, but without a proper inspection beforehand, you could end up with a money pit. If you're not careful, you can start putting money into the home and, before you realize it, you're spending more than the house is really worth.
Moisture: One of the most common problems is moisture. Moisture problems can come from roof leaks, water penetration at the foundation or balconies, or from leaks at plumbing components. Excessive moisture conditions can then lead to mold contamination which can be costly to repair.
Pests: Many of these homes sit vacant for months, so wood-destroying pests move in and may cause damage to the structure. Rodents and other small animals may also move in. It's not uncommon to find attic areas that have been visited by raccoons, opossums, or other critters.
Neglect: Seals in unused appliances can dry out or deteriorate and then leak when tested during a home inspection. Neglect of heating and cooling systems, roofs, exterior paint, and major appliances as well as cosmetic issues like damaged drywall, carpeting, or other components can also add to repair costs.
Vandalism: Vandalism is also a concern with vacant homes. Copper prices have skyrocketed right along with gold and silver, and air conditioning units, with their high copper content, are an easy target for thieves. They can be quickly disconnected and carried away. Copper wiring and water piping is frequently stripped from these homes and an unsuspecting buyer may be unaware of it.
La Jolla Home Inspector Offers Tips On Buying A Foreclosure- Steve Stenros- First Choice inspections, a La Jolla home inspector, can be reached for appointment at 888-335-3040. Steve is a CREIA-certified inspector with the MCI designation. Clients receive a FREE lifetime appliance RecallChek with every standard home inspection.