When buying a rental property, it is important to have a thorough inspection done before making the purchase. Learn more about how to choose the right property inspector in our latest post!
You don’t want to rely on just any inspector to do the job. When you are ordering an inspection for a property you are thinking about buying, it is critical to have the right person for the task at hand. Not all inspectors are the same. Some have certain specialties that may be advantageous for you. For example, you may want to find an inspector that knows a little more about pools if one happens to come with the house you are looking at. Below, we will offer some tips to help you choose your property inspector in Milwaukee!
Ask About Their Background
Just like you should do with any interview, ask them about their background. You must know how long have they been an inspector and if they specialize in some field. You should also know what they did before they were inspector, as it’s a bonus if they worked in the construction industry. It’s a nice perk to have someone on your team who used to work as a plumber or electrician. Someone with this background is likely to have the first-hand experience.
Check Out Their Reviews
Reviews aren’t always the exact proof of someone’s quality, but by reading them you’ll be able to get a bit of an insight about their work. Good sites to look at are Angie’s List and Home Advisor if you are interested in customer reviews. Of course, some of them should be taken with a grain of salt, but every experienced property inspector should have a large number of reviews which can be a good indication of their work quality.
Know What’s Included In The Inspection
Before you hire a property inspector in the Milwaukee area, you should make sure that you know what is included in the inspections. Ask questions up-front and don’t be afraid to inform yourself about every little detail, no matter how stupid you think you sound. A lot of inspectors aren’t looking at things that you think they do, for example a chimney or roof. If they don’t include checking out everything, maybe you should hire a specialty inspector.
Your inspector should understand your business and the goals you wish to achieve. They need to know how to find the big stuff that is going to kill your ROI. As an investor, you likely know enough to catch many of the small repairs on your own. It’s the bigger problems, and the things not always visible at first glance, that tend to get you in the long run.
Ask Other Investors
A great investor will always make it a point to network with like-minded people in their area. When you are looking for real estate professionals to help you during the purchasing process, one of the best ways to find talented vendors is to simply ask other investors who they work with. The people they have worked with in the past will likely be familiar with working with investors and be able to better help you with what you are hoping to accomplish.
Build A Relationship
Once you find a talented and knowledgeable inspector, you’ll want to develop a professional relationship so you can count on them to help with any investment property you purchase in the area. Every investor needs a great team to support them along the way, and having the right inspector on your side can potentially save you thousands in repair costs in the long run.