What to Look for When Touring a Property: 10 Must-Check Features
Touring a property is one of the most crucial steps in the home-buying or investment process. It’s your opportunity to evaluate the condition of the property, its potential, and whether it meets your needs. Whether you’re buying your first home, a rental property, or considering a flip, certain features can make or break your investment. Here are 10 must-check features to look for when touring a property.
1. Foundation and Structural Integrity
The foundation is the most critical part of any property. Major foundation issues can lead to expensive repairs and may compromise the safety and longevity of the home.
- What to Check: Look for cracks in walls, floors, and ceilings. Check for uneven floors or doors and windows that don’t close properly. These can be signs of foundation problems.
- Why It Matters: A damaged foundation can be costly to repair and may lead to other structural issues down the line.
Tip: If you notice signs of foundation issues, consider hiring a professional to conduct a detailed inspection.
2. Roof Condition
A damaged or old roof can lead to leaks, water damage, and costly repairs. Roof replacement is a significant expense, so it’s important to assess the roof’s condition before proceeding.
- What to Check: Look for missing, curled, or broken shingles. Check for any visible sagging or leaks. Inspect the attic for signs of water damage or mold.
- Why It Matters: Roof repairs can be expensive, and an old roof may need to be replaced sooner than you’d like.
Tip: Ask the seller about the age of the roof and when it was last replaced or repaired.
3. Plumbing System
Plumbing issues can lead to water damage, costly repairs, and even health hazards. A comprehensive check of the plumbing system will help you avoid future surprises.
- What to Check: Turn on all faucets and showers to ensure good water pressure. Check for any signs of leaks under sinks or around the base of toilets. Look for rust or corrosion on pipes.
- Why It Matters: Plumbing issues can be expensive to repair, especially if they involve hidden pipes or require major updates.
Tip: Pay attention to the water flow and drainage. Slow drains or water discoloration may signal potential plumbing issues.
4. Electrical System
The electrical system should be in good working condition to avoid safety hazards and ensure the home is up to code. Faulty wiring or outdated electrical panels can be a fire risk.
- What to Check: Test the outlets and light switches to make sure they work. Look for exposed or frayed wires. Check the electrical panel for any outdated or overloaded circuits.
- Why It Matters: Outdated or faulty electrical systems can be dangerous and expensive to update.
Tip: If you notice any issues with the electrical system, ask a licensed electrician to assess the property.
5. HVAC System (Heating, Ventilation, and Air Conditioning)
An inefficient HVAC system can lead to high energy bills and uncomfortable living conditions. It’s essential to evaluate the system’s age and condition.
- What to Check: Ask about the age of the furnace and air conditioning unit. Look for any visible wear and tear on the units. Test the thermostat and check if the system heats and cools the home effectively.
- Why It Matters: Replacing or repairing an HVAC system can be costly, and an old or inefficient system could lead to higher utility bills.
Tip: Request service records to understand how well the HVAC system has been maintained.
6. Windows and Doors
Windows and doors play a crucial role in the home’s energy efficiency, security, and curb appeal. Old or damaged windows and doors can cause drafts and increase your heating and cooling costs.
- What to Check: Look for cracks or chips in the window panes. Test windows and doors to ensure they open and close properly. Check for any signs of drafts or air leaks around them.
- Why It Matters: Damaged or outdated windows and doors can compromise your home’s insulation and security, leading to higher energy costs.
Tip: Check if the windows have double glazing or energy-efficient features to help with insulation.
7. Insulation
Good insulation can significantly affect your home’s energy efficiency and comfort. Lack of insulation or poor insulation can lead to higher utility bills and temperature fluctuations inside the home.
- What to Check: Ask about the insulation in the attic, walls, and floors. Inspect the attic to see if there is sufficient insulation material.
- Why It Matters: Homes with poor insulation can be expensive to heat or cool and may cause discomfort in extreme temperatures.
Tip: Insulating the attic and walls can be a relatively easy upgrade if the home doesn’t have enough.
8. Pest and Mold Issues
Pests, termites, and mold are all potential issues that can cause significant damage to a property over time. It’s important to check for any signs of infestations or mold growth.
- What to Check: Look for visible signs of pests, such as droppings or nests. Check for any signs of mold or mildew, particularly in damp areas like basements, bathrooms, and under sinks.
- Why It Matters: Pest infestations can damage the structure of the home, and mold can affect indoor air quality and health.
Tip: If you notice any signs of pests or mold, consider hiring a pest control or mold remediation expert for a thorough inspection.
9. Outdoor Space and Landscaping
The exterior of the property can influence its curb appeal and long-term value. A well-maintained yard can improve your property’s aesthetics and provide recreational space, while a neglected yard may require significant work.
- What to Check: Inspect the lawn, garden, and trees for signs of neglect or overgrowth. Look for proper drainage away from the house. Check the condition of any fences, patios, or driveways.
- Why It Matters: Landscaping can affect your property’s appeal, and poor drainage can lead to water damage in the basement or foundation.
Tip: Look for potential improvements you could make to increase curb appeal or enhance outdoor spaces, such as adding a deck or reworking the landscaping.
10. Neighborhood and Surrounding Area
Finally, assess the neighborhood and surrounding area. Even the best property can be impacted by external factors such as crime rates, noise, or future development plans.
- What to Check: Research the area’s safety, noise levels, and amenities. Check for upcoming developments, zoning changes, or commercial construction projects that could impact the neighborhood’s future.
- Why It Matters: The neighborhood can significantly affect the property’s future value, rental demand, and quality of life.
Tip: Visit the property at different times of the day to get a feel for the neighborhood’s activity and vibe.
Conclusion
When touring a property, it’s essential to take a close look at both the visible and hidden aspects that could affect your investment. By checking these 10 must-verify features—foundation, roof, plumbing, electrical, HVAC, windows, insulation, pest issues, outdoor space, and the neighborhood—you’ll be able to make an informed decision on whether the property is worth your investment.
Tip: Always take notes, pictures, and video when touring a property to help you remember key details and issues you may want to discuss with your real estate agent or a contractor later on.