Some older homes in Los Gatos offer unique opportunity for investors and buyers to purchase these fixer uppers for rehab. These homes were built in late 50’s and some have been updated with small kitchen or bathroom remodels. But for the most part these are tear downs and value is in the lot. So, the question remain why should you bother with an inspection of a Log Gatos fixer upper that you plan to tear down!? To answer this questions, we need to take a closer look at what a residential home inspection includes:
|Inspection Item||Inspection Item||Inspection Item|
|Water Heater||Exterior Grading||Substructure|
As you can see from the list above, this is an exhaustive list of items that are being inspected which could ease your concern of buying a home with an “as-is” purchase contract. The implication on the seller part is that they are not wiling to offer any credit for repairs or problems discovered during these inspections. Regardless of the results of the inspections, as a buyer you will be in a much better position to make informed decisions about your as-is purchase.
So even you if you plan to tear down this Los Gatos fixer upper to build a monster home, it make sense to inspect the property since it will take at least a one year to fight the Planning Commission to get your home plans approved. And you could rent the property for that period of time while you are fighting city hall. That’s why we recommend our clients spend the $200-$500 for a residential home inspection to avoid any major surprises for major problems such as Foundation, Plumbing and Electrical that could create hazardous condition for occupying the property.
Contact Us if you are not sure if you should order an inspection or not!