Secret Rental House Checklist Outsmarts Every Rookie Buyer
Property Condition and Inspection
Before finalizing any purchase, a thorough property inspection is essential. This step helps you identify potential repair costs that could impact your investment's profitability. Look for structural issues, outdated systems, and compliance with local building codes. Investing in a professional inspection can save you from unexpected expenses down the line. According to the American Society of Home Inspectors, a typical home inspection costs between $300 and $500, a small price to pay for peace of mind3.